Savings, Labor Productivity, and Household Debt  By Perc Pineda, Chief Economist & VP, Research | AFSA The personal savings rate has decreased to 4.4% in April – down from 12.6% a year earlier and 33.8% two years prior. The decrease in savings reflects spending among Americans that hasn’t slowed and the effect of inflation on […]

Join us on June 9 at 2:00 p.m. ET for Auto Finance Data Trends & How One Lender is Ahead of the Game, presented by Lightico In this program, we’ll take a look at the latest auto lending consumer survey data to see what consumers are experiencing and expecting from auto finance. We’ll be joined by an […]

May is Asian American and Pacific Islander Heritage Month (AAPI), commemorating the emigration of the first Japanese to the U.S. in May of 1843 and to honor the memory of the many Chinese immigrants who built the transcontinental railroad, which was completed in May of 1869. AFSA marks AAPI Heritage Month because the history of […]

The featured AFSA Business Partner for June is Amsive. Consumers signal individuality in all kinds of ways. Today marketers must listen and act on those signals. At Amsive, we give you the tools to know more and the services to do more. We give you the data and insights to know who your customers and […]

Join us on June 2nd for Understanding the Newest Generation of Bill Payers, presented by PayNearMe. How do consumers ages 18-29 prefer to pay bills? What causes them to pay late? How does this differ from older generations? In this webinar, Steve Murphy, Director of Marketing with PayNearMe will dive into the results of their latest research […]

AFSA’s Human Resources Networking Group will host a crucial conversation for members in the month of June.  Over the past few years, AFSA members have described the increased difficulty in recruiting, training, and retaining the staff needed to manage businesses.  With soaring inflation, record low levels of unemployment, and pandemic-related changes in worker preferences, the […]

On May 31, AFSA submitted a letter to the Consumer Financial Protection Bureau (CFPB) regarding proposed changes to its Supervisory Authority Over Certain Nonbank Covered Persons. These changes would allow the Bureau to publicize its designation of a nonbank covered person as a “risky business.” The letter expresses concern that the change in the confidentiality […]

May is Asian American and Pacific Islander Heritage Month (AAPI), commemorating the emigration of the first Japanese to the U.S. in May of 1843 and to honor the memory of the many Chinese immigrants who built the transcontinental railroad, which was completed in May of 1869. AFSA marks AAPI Heritage Month because the history of […]

AFSA’s State Government Affairs (SGA) team published two 50-state surveys last week on de minimis refund exemptions and collection of time-barred debt.  In some consumer credit transactions, the contract may have an excess balance after being paid in full, such as if a consumer prepays the loan prior to maturity. Reg. Z of the federal […]

The basic function of the Freedom of Information Act (FOIA) is to ensure a transparent and accountable government, which is vital to the functioning of a democratic society. Since 1967 FOIA has provided the public the right to request access records from any federal agency. Federal agencies are required to disclose any information requested under […]