Today, Senator John Boozman (R-AR) led a group of 19 Senators opposing the United States Postal Service’s (USPS) expansion into banking. In September, the USPS launched a banking pilot program to expand consumer financial services to limited check cashing services. The program enables customers to purchase gift cards, which can be used like debit cards, […]

  Registration is open for AFSA’s 2022 Vehicle Finance Conference & Expo from March 8th – 10th at the Bellagio Las Vegas. Need more motivation than meeting up in Vegas?  We are pleased to announce that Jon Taffer, star of “Bar Rescue” and one of the great, global business advisers, will keynote the opening general session of the conference! Jon […]

AFSA’s State Government Affairs (SGA) team recently attended the National Conference of State Legislatures (NCSL) Legislative Summit in Tampa, Florida on November 3 and 4. At the summit, state legislators and regulators as well as industry leaders held panels concerning economic growth, fintech regulation, the future of the workforce, and cybersecurity and ransomware. In addition, the NCSL’s Communications, Financial Services & Interstate Commerce Committee […]

Veterans Day honors the men and women who dedicated their lives in service to our nation’s defense. They’ve chosen to defend the founding principles that make our nation – even  in times of great challenge – a model for freedom, justice and human dignity the world over.  The sacrifices our men and women in uniform […]

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 […]