In this episode of the AFSA Extra Credit Podcast, we’re joined by David Ralstin, Vice President, Chief Information Security Officer for Allied Solutions. His role provides governance, accountability, and trusted advisory services for technology risk management and information security controls at Allied. Artificial intelligence has been around as a technology since the 1950’s, and its […]

Last week AFSA’s State Government Affairs team released its September white paper on legislative trends in financial services. Since the introduction of AFSA*Track in early 2009, the database has tracked more than 150,000 pieces of state legislation. The structure and content of the categories tracked are updated with each legislative session to align with the […]

Lost in the attention being paid to exactly when and by how much the Federal Reserve will lower the federal funds rate is the fact that interest rates at the far end of the yield curve are already falling. This is due to lower market expectations both for inflation in the long-run and for short-term rates […]

Last week, , Representative Andy Ogles (R-TN) introduced a Congressional Review Act (CRA) to the CFPB’s nonbank registry rule related to enforcement. Representative Ogles has been highly supportive of the financial services industry and wrote in opposition to the registry when it was first proposed. Representative Ogles rightly stated that the “nonbank registry would impose […]

The featured Business Partner for the month of September is Allied Solutions. There is power in partnership. Allied Solutions and Securian Financial partner to provide relevant, compliant solutions for consumer and auto finance companies. With our consultative approach and commitment to the market, we offer our clients a comprehensive product suite of claims, insurance, lending, […]

AFSA’s State Government Affairs team sent a petition for emergency rule or order to the New Hampshire Bank Commissioner regarding NH HB 1243. AFSA has been continuously engaged with the New Hampshire Banking Department throughout the finalization process of HB 1243, a substantial re-write of the state’s longstanding vehicle finance code.   The petition urged the […]

Last week AFSA sent a letter to the CFPB reiterating enforcement concerns with the nonbank registry. As AFSA previously noted, the rule is overly broad and conflicts with a multitude of consumer protections already in place at both the federal and state levels. Such a backward-looking registry is illogical and could lead to multiple actions by […]

Today, August 26th, AFSA marks the 104th anniversary of Women’s Equality Day and the significant achievement of the 19th Amendment’s ratification. This amendment, passed in 1919 and ratified in August 1920, made an historic change in the U.S. Constitution by enshrining women’s right to vote. As we celebrate this milestone, let’s renew our dedication to […]

This week, AFSA and other trade organizations filed an amicus brief in support of a vehicle finance company facing an enforcement action from the CFPB, which is attempting to amend settled law that the financial services industry has operated under and relied on for decades and is outside of the formal notice-and-comment rulemaking process via a […]

Back-to-school season is well underway, bringing with it the need for supplies, new clothes, books, and more. According to a National Retail Federation survey, back-to-school outlays for the coming academic year will amount to $39 billion, or $875 per household for the K-12 set, while the college-bound will spend an even larger $87 billion in […]