Last week, the CFPB released a report entitled, Disputes on Consumer Credit Reports. The purpose of the report was to document how disputes can appear in credit record data, the characteristics of consumers whose disputes appear on their credit reports, and what happens to accounts that have been reported as being disputed. Here at AFSA, […]

November’s Featured Business Partner is FICO. FICO is the world’s leading provider of analytics software, solutions & services that transform the way organizations understand their customers & optimize business processes around them. We asked them a few questions about the value of AFSA membership and some of the opportunities or challenges they face in 2021 – […]

During its AFSA’s Annual Meeting, Jim Drotman, Executive Vice President, U.S., Canada and International with Ford Motor Credit Company, was appointed Chair of the association’s Board of Directors. Drotman succeeds Tom Hudgins, President & COO of Western Shamrock. Drotman will oversee the association’s initiatives and lead the more than 400 member companies. “Jim’s expertise and […]

On Monday, AFSA’s State Government Affairs (SGA) team published their November white paper covering consumer privacy legislation. Consumer privacy has risen to be one of the most crucial legislative issues in the country. In 2018, California adopted it’s Consumer Privacy Act (CCPA) and became the first state in the country to have a comprehensive consumer […]

Last week, the Consumer Financial Protection Bureau named two new leaders in the supervision and enforcement departments of the Bureau. Lorelei Salas will join the CFPB as Assistant Director for Supervision Policy and will also serve as the Acting Assistant Director for Supervision Examinations. From 2016 to 2021, Ms. Salas served as Commissioner of the […]

In this episode of the Extra Credit Podcast, we chat with Solomon Semere, Senior Director, Credit and Marketing Strategy and Craig Stockum, Sales Director both with LexisNexis Risk Solutions about the uncertain risk environment in which we’re currently operating. Specifically, Craig and Solomon touch on some driving trends that are affecting consumer demand and market opportunities and what lenders need to do to […]

Please join AFSA’s Diversity & Inclusion Working Group webinar on November 10 at 3:00 p.m. ET to hear from Brittany Young about how to help build better communities and empower people. Brittany is a Baltimore native with a diverse technical and employment background which includes McCormick & Co., NASA, JHU APL, and Key Technology Inc., […]

Last week, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified before the Senate Banking and House Financial Services Committees in separate oversight hearings. The discussions spanned a variety of topics, including the scope of the CFPB’s rulemaking and regulatory authorities, as well as the emergence of large technology companies in the consumer finance space. […]

The AFSA Credit Summit for Fixed Income Investors is back for 2021 and coming right to your home or office. Join finance industry executives, debt issuers, and investors virtually on Tuesday, December 7 for a fast-paced, single day conference featuring company presentations, industry updates, and networking. Finance company executives will discuss their latest operating results, […]

The Federal Trade Commission (FTC) has issued its final Safeguards Rule, as AFSA mentioned was likely at our Annual Meeting this past week. The Safeguards Rule was mandated by Congress under the 1999 Gramm-Leach-Bliley Act. The first rule was issued in 2002 and became effective in 2003. In 2019 the FTC issued a Notice of […]