Today, AFSA’s State Government Affairs Team sent a letter to the Iowa House Ways and Means Committee expressing concerns with HF 893, which would change the maximum rate for consumer loans in Iowa to a rate cap based on the federal military annual percentage rate (MAPR). Unlike the definition of annual percentage rate (APR) in the federal Truth in Lending Act (TILA), MAPR includes the […]

AFSA’s featured Business Partner for March is RSM. We asked them a few questions about the value of their business partner membership and the issues they’re facing. Learn more at rsmus.com.  What are your financial services clients telling you are their biggest challenges in 2021? The impact of the COVID-19 pandemic on our clients in […]

In this episode of the AFSA Extra Credit Podcast we talk with Jackie Charniga, the Finance and Insurance Reporter with Automotive News. We chat about some of the things that Jackie looks for in a story and some of the things that companies should keep in mind when they’re pitching. Jackie also talks about the kinds of stories […]

Whether branded as “Environmental, Social & Governance” or “Social Responsibility,” business responsibility is no longer a “Fortune 500” concern or simply about climate change.  Any business – public or private – that must account for risk, must plan to address a host of environmental and social issues that may affect not only reputations with consumers […]

The featured Premier Business Partner for May is RSM. RSM US LLP is the leading provider of audit, tax and consulting services focused on the middle market, with 9,000 people in 90 offices nationwide. Our full range of services help specialty finance companies address their complex business challenges such as regulatory compliance, security and privacy, […]

AFSA’s State Government Affairs (SGA) team recently sent a letter to the California Department of Financial Protection and Innovation (DFPI) to provide comments on the department’s recently proposed rules for commercial financing disclosures. The rules implement a law enacted by the legislature in 2018 that created significant new disclosure requirements for commercial accounts. Though AFSA members primarily offer consumer credit, our members also provide financing […]

AFSA is pleased to announce that Carissa Robb, President & COO with Constant and Frank Veneziano, President with Robertson, Anschutz, Schneid, Crane & Partners, PLLC will join us at the 2021 Independents Conference & Expo to discuss the Consumer Financial Protection Bureau (CFPB) Debt Collection Rule and how it will affect members’ compliance programs. The […]

Join us on Thursday, April 29 at 2:00 p.m. ET for Don’t Boil the Ocean: Three Steps to Faster Tech Implementations, presented by PayNearMe. Digital transformation is only possible when lenders can dedicate the right resources to the implementation process.  In this webinar, we’ll explore proven ways to get new technology up and running faster, […]

AFSA sent a letter to the Small Business Administration (SBA) on April 21. AFSA wrote, “Our letter focuses on PPP eligibility, specifically: (1) agreeing that all small businesses are eligible for PPP loans, and (2) asking that the SBA clarify that financial institutions are eligible for PPP loans.” AFSA is pleased that the SBA states […]

This week, the U.S. House of Representatives passed the “Fair Debt Collection for Servicemembers Act” (H.R. 1491), as part of a larger package of noncontroversial measures. Authored by Rep. Madeleine Dean (D-PA), who serves on the the Financial Services Committee, the bill prohibits a debt collector from threatening a servicemember’s rank, security clearance, or prosecution […]