AFSA’s State Government Affairs Team recently published its monthly White Paper. This month’s white paper discusses recent developments around gubernatorial emergency powers. Each state allows its governor to declare a state of emergency under certain circumstances. Under a state of emergency, governors are granted expanded powers to efficiently respond to a crisis.   During the pandemic, […]

PayNearMe Launches PayNearMe Insights, an Industry-Leading Suite of Tools to Democratize Data for Clients “Data shouldn’t be locked in the hands of a few,” John Minor, Chief Product Officer, PayNearMe, said. “There are billions of data points that live within the PayNearMe ecosystem. We are democratizing payments and consumer behavior data for our clients, making […]

We’ve got two shows for you today on the AFSA Extra Credit Podcast. First, the Consumer Financial Protection Bureau’s supervisory and enforcement powers can be confusing and if your company is in the crosshairs, a bit unnerving. Luckily, we’ve got CFPB experts from Manatt, Phelps and Philips LLP, to help guide listeners through the experience. Bryan […]

In this episode of the Extra Credit Podcast, Dan chats with Tyler Gray, Director of Sales with LCT on voluntary protection products. Lots of states, including most recently California, have instituted new voluntary protection product guidelines. Federal agencies are also looking at VPPs closely. So, where to start? Get a handle on where you’re doing […]

AFSA created the Distinguished Service Award (DSA) in 1941 to recognize individuals who contribute to the growth of the financial services industry and our association. Today, at the 2022 Annual Meeting at The Breakers in Palm Beach, FL, the 81st DSAs were awarded to two exceptional leaders in the consumer credit industry: Danny Cantrell, Founder, […]

Yesterday, the Federal Trade Commission (FTC) released an advance notice of proposed rulemaking (ANPR) “to address certain deceptive or unfair acts or practices relating to fees.” The full ANPR can be found here. AFSA is particularly concerned about the Commission’s identification of “junk fees” in auto finance and credit insurance, especially when these practices are highly […]

AFSA’s Vehicle Finance Conference & Expo, the premier industry event for the vehicle finance industry, is an opportunity to gain industry insights and trends on compliance and regulatory activities, best practices from the industry’s top auto finance sources and their business partners, and to network across the industry. With nearly 700 attendees, you’ll meet key decision […]

Today, AFSA submitted a letter expressing its strong support for S. 5025, the Fair Hiring in Banking Act. The legislation would remove the prohibition of Americans with minor arrest or conviction records from working in the banking industry. In May, AFSA submitted a letter supporting the House version of the bill (H.R. 5911). The act’s […]

Today, a bipartisan group of House members wrote a letter to the Federal Trade Commission (FTC) to extend the effective date of the Safeguards Rule for one year until December 9, 2023. “While we believe this rule makes important strides toward protecting consumer data, it is our understanding that the rule will require a one […]

Consumer Portfolio Services (CPS) Names PayNearMe as its Primary Payments Partner to Accelerate the Auto Lender’s Digital Transformation PayNearMe, a fast-growing fintech company radically improving the customer payment experience, announced Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS”) named PayNearMe as its primary payments partner. This partnership will accelerate the auto lender’s digital transformation and deliver a frictionless […]