The AFSA Education Foundation is finishing Financial Literacy Month with a bang by releasing impressive research findings from an impact evaluation done in collaboration with Professor of Economics Dr. Carly Urban from Montana State University. The evaluation measured changes in financial behaviors and knowledge, specifically among middle school, high school, and college MoneySKILL users between […]

The AFSA Extra Credit Podcast Industry Icon series continues, featuring outstanding female leaders in the consumer credit industry. This episode features Ginger Herring, President & CEO of 1st Franklin Financial. She chats with Danielle Fagre Arlowe, SVP of AFSA, on how she ended up in the industry, who her influences are, and where she sees […]

There was no gambling or bluffing needed at the 2023 Independents Conference & Expo; we had a full house and a full schedule of informative speakers and great networking opportunities. The conference is a crucial resource for the consumer credit industry to get the latest legislative and regulatory updates as well as meet and greet […]

Today, AFSA joined a coalition letter commenting on the FTC’s proposed rule to ban noncompete agreements. AFSA, with the U.S. Chamber of Commerce and 280 other organizations express concerns regarding the proposed rule. The letter highlights the following two main problems: Noncompetes serve vital business and employee interests. The letter states that “courts, scholars, and […]

Over the last several years, scrutiny placed on lenders in connection with the financing and servicing of voluntary protection products (add-ons) has increased tremendously. Recently, the industry has seen an increase in activity on the regulatory, litigation, and legislative front in connection with these products. The CFPB and other regulators have concluded that lenders must […]

AFSA signed onto a joint trade letter urging the House Financial Services Committee to introduce legislation aimed at curbing the threat credit repair scams pose to consumers and credit markets. As several state and federal regulators have warned, credit repair organizations take advantage of consumers trying to improve their financial situation by inundating financial services […]

In this edition of the AFSA Extra Credit Podcast, we tackle the soon-to-be-effective FTC Safeguards Rule. Dailey Wilson, Attorney with Hudson Cook gives us the 35,000 foot view of the rule, some of the nitty gritty that companies will have to get into and who exactly is covered (hint, its most folks). Dailey also discusses […]

Service members, their families, the vehicle finance industry, and enthusiasts for statutory interpretation won in the 4th Circuit today. A panel of judges voted 2-1 to affirm a district court opinion in Davidson v. United Auto Credit Corporation. The question in this case is whether the Military Lending Act (MLA) applies to auto loans. The […]

AFSA’s Industry Expertise allows Business Partners to provide thought leadership and best practices information directly with AFSA member companies. For more information about taking part, contact Dan Bucherer. Savvy Decision Making through Rear and Windshield Views By: Suzi Straffon, Director, Finance Company Markets | Allied Solutions Will we see a recession? Is the housing market […]

The CFPB has released a policy statement intended to explain the legal prohibition on abusive conduct in consumer financial markets. In 2010, in response to the financial crisis, Congress passed the Consumer Financial Protection Act, and created the prohibition on abusive conduct. This added a new term to a field of consumer protection that for […]