AFSA conferences take place in a lot of amazing resorts and hotels but nothing is quite as historic as The Breakers in Palm Beach, Florida where we’ll be holding out 2022 Annual Meeting in a few short weeks. Dan Jenkins, Senior Manager of Sales at The Breakers joins the Extra Credit Podcast to give us […]

The consumer credit industry is committed to equality and addressing discrimination in the allocation of credit and financial services. Which is why earlier this week, the American Financial Services Association and a group of eight other consumer credit trade associations shared concerns regarding the District of Columbia’s proposed B24-0558, the “Stop Discrimination by Algorithms Act […]

The Woodstock Institute was a big booster of Illinois’ 36% rate cap on small dollar loans.  It backed the proposal, and over the past year or so has continued to push its perspective, as though discussing it enough will make the outcome of the cap better. Woodstock did so again last week, by releasing a […]

This week, AFSA’s SGA team released its October white Paper which covers loans-by-mail, also referred to as “marketing checks” or “live checks”. First appearing in the 1980s, loans-by-mail have been an effective and popular way for traditional installment lenders to make a prescreened, firm offer of credit to pre-approved borrowers. The vast majority of borrowers […]

Join us on October 13th at 2:00 p.m. for Risk-Based Pricing Strategies in Auto Finance: Why Change and Why Now presented by Earnix The auto finance market has seen rapid shifts in demand for both new and used vehicle financing in the past two years coupled with the funding costs increase to levels not seen […]

The featured Business Partner for October is ACI Worldwide. As an unrivaled leader in billing and payments, ACI Worldwide offers ACI Speedpay, proven to drive efficiency and increase collections. Through our comprehensive suite of software solutions, we provide real-time payment and disbursement capabilities and enable the industry’s most complete consumer finance payments experience. We work closely […]

This edition of the AFSA Extra Credit Podcast is a bit of a teaser for our D&I session at the 2022 AFSA Annual Meeting where Anthony Pacilio, Vice President of Neurodiverse Solutions at CAI will talk about Neurodiversity. We wanted to prime the engine before we get to Palm Beach, so in this podcast we […]

SANTA CLARA, Calif., Sept. 29, 2022– PayNearMe, a fast-growing fintech company radically improving the customer payment experience, today announced record company growth, evidenced by significant increases in transaction counts and electronic payments revenue, as well as a 20% increase in the number of merchants adopting the PayNearMe platform. “2022 is proving to be a pivotal year […]

As Hurricane Ian continues to barrel across Florida and north up the Atlantic coast, and downgraded typhoons ravage the Alaskan coast, American families begin to turn to the hard task of rebuilding. In a time of very little certainty, they can be sure that consumer credit companies are there to help. Whether it’s financing options […]

Today, the CFPB released a blog post entitled, Examining the potential impact of high vehicle costs on Americans with deep subprime credit scores. The report concluded, “It seems likely that many deep subprime consumers have been priced out of the auto loan market, at least temporarily. Unfortunately, available data don’t allow us to explore what these consumers are […]