Last week, AFSA submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) in response to its request for information (RFI) regarding Buy-Now-Pay-Later (BNPL) providers. The letter outlines AFSA’s support for the Bureau’s efforts to understand the BNPL marketplace and highlights some of the key differences that exist between BNPL providers and AFSA member […]

AFSA is proud to celebrate the crucial role female executives play throughout the financial services industry. From small companies to large, installment loans to vehicle finance products, female leaders are building the future of our industry. During Women’s History Month, AFSA will be featuring just a small selection of some of the outstanding female leaders […]

AFSA was saddened to learn of the passing of Mark Kenney, Leader at Severson & Werson and longtime AFSA member. Mark joined AFSA and has served on the Law Committee since the mid-1990s. In 2006 the association was proud to honor him with the Distinguished Service Award in recognition of his work on the Law Committee […]

PayNearMe announced Walgreens has joined the PayNearMe retail network, which enables cash payments at nearly 9,000 Walgreens stores across the country. PayNearMe’s cash network now exceeds 40,000 retail locations nationwide, made possible through its expanded partnership with the Green Dot Network. Millions of Americans are classified as unbanked or underbanked, making it difficult for them to […]

AFSA is proud to celebrate the crucial role female executives play throughout the financial services industry. From small companies to large, installment loans to vehicle finance products, female leaders are building the future of our industry. During Women’s History Month, AFSA will be featuring just a small selection of some of the outstanding female leaders […]

On March 3, 2022, the Consumer Financial Protection Bureau issued Bulletin 2022-04: Mitigating Harm From Repossession of Automobiles (the Bulletin).  In this Bulletin, the Bureau warns vehicle finance companies about harms to consumers from repossession, and the Bureau’s plans to punish finance companies for causing these harms by invoking the Bureau’s authority to police unfair, […]

AFSA is proud to celebrate the crucial role female executives play throughout the financial services industry. From small companies to large, installment loans to vehicle finance products, female leaders are building the future of our industry. During Women’s History Month, AFSA will be featuring just a small selection of some of the outstanding female leaders […]

AFSA filed a joint amicus brief regarding the Davidson v. United Auto Credit case yesterday. The case addresses whether financing Guaranteed Asset Protection (GAP) brought a vehicle contract under the Military Lending Act (MLA). The case is currently with the U.S. Circuit Court of Appeals for the Fourth Circuit.  The joint trade brief lays out […]

Transparency in government is a good thing. When it works, it allows us to see how the people who work on our behalf (policymakers and government staff) set the policies and make the decisions that affect us … individuals, businesses, even other government agencies. A part of that transparency is the way agencies now communicate […]

AFSA is proud to celebrate the crucial role female executives play throughout the financial services industry. From small companies to large, installment loans to vehicle finance products, female leaders are building the future of our industry. During Women’s History Month, AFSA will be featuring just a small selection of some of the outstanding female leaders […]