The California Privacy Protection Agency (CPPA) recently published their final rules implementing the California Privacy Rights Act. The rules address a wide range of regulatory topics including data processing agreements, consumer opt-out mechanisms, business-to-business data, disclosures and notices, and data archives and backups. The rules took effect immediately upon approval by the Office of Administrative […]

On March 30, the CFPB issued a final small business lending rule to implement Section 1071 of the Dodd-Frank Act. Under the rule, covered financial institutions will be required to collect and report to the CFPB data on applications for credit for small businesses, including those that are owned by women or minorities. AFSA has […]

The Power of Pricing Optimization in a Tumultuous Auto Finance Landscape April 13, 2023 | 2:00 p.m. ET The perfect storm has arrived in today’s auto finance market. Digitalization, inflation, increasing cost of funds, and evolving consumer expectations have created a lot of chaos, while urging technological and strategic shifts across the entire auto finance industry. Adding […]

On April 3, 2023, AFSA submitted a comment letter to the  Consumer Financial Protection Bureau (CFPB) relating to its proposed rule creating a registry of contract terms (such as arbitration provisions) used by supervised non-bank financial institutions.  If adopted, this rule would require a subset of financial institutions to deliver information on contract terms to […]

Fortegra is the Featured Business Partner for April. For more than 40 years, Fortegra and its subsidiaries have delivered risk management solutions that help people and businesses succeed in the face of uncertainty. Our diverse and comprehensive product offerings continue to provide growth opportunities for our partners. In addition to our Credit Protection, we offer: […]

Today, AFSA responded to the CFPB’s proposed nonbank registry related to enforcement. The proposed rule would require nonbank-covered persons to register and submit specific information to the proposed registry regarding final, public orders issued by federal, state, or local agencies or courts. AFSA is concerned that the new registry seems currently structured to “name and shame” rather than act as a useful […]

Join us TODAY at 2:00 p.m. ET for Digital Solutions Make Easier Payments Possible, presented by REPAY. Keeping up with evolving consumer payment preferences can seem like an impossible task. Join Stacey Precour, Senior Sales Executive, to learn how integrating next-gen payment solutions can help you provide the payment experiences your customers expect, driving on-time […]

Yesterday, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing to consider the Consumer Financial Protection Bureau’s (CFPB) rulemaking on Section 1071 of the Dodd-Frank Act.  The rule will require financial institutions to collect, report, and retain certain data points on loan applications by small businesses. AFSA sent a […]

Start your Thursday morning at the 2023 Independents Conference & Expo with your choice between two educative, exciting sessions, along with a bite to eat, thanks to our sponsor, FIMC. Over the past year, with state and federal policymakers continuing to look at rate caps or the 36% Military Lending Act cap, significant studies exposing […]

AFSA is celebrating Women’s History Month with a special Extra Credit Podcast series, Industry Icons, featuring outstanding female leaders in the consumer credit industry. This episode features Darcy Locke, Vice President, Head of Consumer Finance Sales with ACI Worldwide. She chats with Danielle Fagre Arlowe, SVP of AFSA, on how she ended up in the industry, who […]