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 […]

Join us on October 20th at 2:00 p.m. for Best Practices in Automated Credit Dispute Handling, sponsored by FTI Consulting Over the past two years, there has been a significant increase in credit industry-wide. At the same time, disputes teams have experienced difficulties in hiring and retaining staff to process them. This perfect storm has led data […]

It is a good thing that new consumer credit products are affording consumers access to credit for what they want or need. But as The Wall Street Journal notes, so-called “Buy Now Pay Later” products are not offering consumers one of the most important hallmarks of traditional installment loans, which they are sometimes compared to: the opportunity to improve […]

AFSA meetings are known for great content. They’re famous for great networking events! Get ready for the AFSA Annual Meeting Dinner & Show from world famous Howl at the Moon! Get started with a delicious dinner: Then, the biggest name in Dueling Pianos is bringing the star performers from Howl at the Moon clubs to […]

AFSA is aware that individuals are calling and emailing AFSA members offering member contact lists. DO NOT ENGAGE WITH ANY COMPANY OR INDIVIDUAL OFFERING MEMBER LISTS. AFSA members can always access a list of fellow members, including contact information, via the AFSA Member Directory. Attendees of any and all AFSA conferences will receive an attendee list […]

Last week, the White House Office of Science and Technology released A Blueprint for an AI Bill of Rights, which included a section on algorithmic discrimination protections. Today, AFSA sent a letter to the White House emphasizing the consumer credit industry’s decades long work to eliminate harmful bias and to ensure fair access to financial services. […]