American Financial Services Association - Blog
American Financial Services Association



Illinois Governor Signs Anti-Consumer Rate Cap Bill into Law
Mar 23, 2021

The American Financial Services Association (AFSA) and its members who work to serve consumers in Illinois, are deeply disappointed with the governor’s decision to sign legislation that will hinder tens of thousands of Illinois consumers from accessing the credit they need during this time of economic disruption. The 36% rate cap that policymakers and consumer advocates have claimed will protect consumers in Illinois will actually harm […]

WATCH | Digitization in Auto Finance
Mar 23, 2021

Don’t get caught in the manual processes of 2020, it’s time to digitize. Featuring real-life examples to show the end to end car buying experience from the perspectives of the lender, borrower, and dealer. Learn what it means to digitize in the auto finance sector, and how it can be achieved. During this presentation, Shim […]

RELEASE | Broderick to Lead AFSA Vehicle Finance Division
Mar 22, 2021

WASHINGTON, DC, March 22, 2021 – The American Financial Services Association has announced the installation of Sandra Broderick, Head of Operations, Santander Consumer USA, as the 2021 AFSA Vehicle Finance Division Chair. Broderick is the Head of Operations at Santander Consumer USA, and is responsible for aligning scope, priorities and approach across U.S. operating units […]

AFSA Supports SAFE Banking Act
Mar 19, 2021

On March 16, AFSA submitted a letter to Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA) expressing its strong support for the bipartisan-backed Secure and Fair Enforcement (SAFE) Banking Act of 2021. Sponsored by Representatives Ed Perlmutter (D-CO), Nydia Velázquez (D-NY), Steve Stivers (R-OH) and Warren Davidson (R-OH), the SAFE Banking Act ends […]

AFSA Raises Concerns with CT Disclosure Bill
Mar 19, 2021

On March 16, AFSA sent a letter to the Connecticut Joint Banking Committee raising concerns with SB 745, which would create a new set of disclosures that commercial lenders would be required to provide borrowers at the time credit is initially offered. The requirements of the bill would apply to floorplan lenders who play an […]

A Radical Regulatory Proposal
Mar 18, 2021

When it comes to laws and regulations around consumer credit, some policymakers, as the saying goes, seem intent on killing a fly by burning down the house.  Sure, you address the issue, but consider all that ancillary damage. That’s the point made in a recent op-ed by Jared Kaplan, CEO of OppFi, in the American […]

WATCH TODAY | Changing Consumer Behaviors
Mar 18, 2021

The automotive industry has faced its share of obstacles and uncertainty over the last 12 months, from the pandemic itself, the rush to implement digital retailing solutions and accommodating the consumer through new and redefined dealership best practices. Illustrated through some recent consumer research Market Scan conducted, we will discuss how digital retailing is challenging […]

Auto Loan Defaults and Repossession at Historic Lows
Mar 17, 2021

Last week, the House Financial Services Subcommittee on Consumer Protection and Financial Institutions held a hearing with several advocacy groups and coalitions to examine policy options to help consumers through the pandemic. Several panel witnesses indicated that there has a been an increase in collection activities associated with vehicle repossessions. This simply is not true. […]

Keynote Announcement | Charlie Gasparino Joins AFSA on the Gold Coast
Mar 17, 2021

AFSA is pleased to welcome Charlie Gasparino, Senior Correspondent with Fox Business News and one of America’s most storied business reporters, as the opening keynote speaker for the LIVE 2021 Independents Conference & Expo. As news breaks and headline stories unfold on Wall Street, Charlie Gasparino helps audiences understand how economic, financial, and political developments impact business growth. As senior […]

Discussing All Sides of Industrial Loan Companies
Mar 16, 2021

Washington, D.C. may be operating under one political party at both ends of Pennsylvania Avenue, but that doesn’t mean only one side of public policy should be discussed. Unfortunately, that’s exactly what happened on March 12, when the Bank Policy Institute held a seminar which it said was intended to “encourage discussion on the role […]

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