Yesterday, AFSA submitted comments to the CFPB on its proposed rule concerning medical debt.  In the letter, AFSA highlighted four specific issues with the proposed rule: The CFPB lacks authority for this rulemaking At the outset, the CFPB lacks the authority to prohibit credit reporting agencies from providing medical debt information in consumer reports. The […]

“Industry Expertise” is sponsored content produced by AFSA’s Business Partners’ to provide thought leadership and best practices for AFSA member companies. . For more information about this sponsored content opportunity, contact Dan Bucherer. Lien on Me: Champ Titles ELT Will Be Your Friend By Champ Titles It is the reality of every business: Faster transactions mean faster […]

This week, AFSA joined DACO Investments, Westside Credit Corporation, Inc., Motorists Acceptance Corporation, and Challenge Financial Services in filing an Appellant’s Opening Brief in the 5th Circuit.  AFSA’s members, like so many businesses across the country, faced sudden and dramatic revenue shortfalls with the onset of the pandemic. These businesses applied for and received paycheck […]

Recent stronger-than-expected U.S. economic growth was a top headline in the financial media, and a rare economic soft landing seemed like a sure thing. The major stock market indexes were within shouting distance of all-time highs, and with inflation trending lower, expectations had the Fed beginning an orderly easing of short-term interest rates as soon […]

The featured Business Partner for the month of August is RSM. RSM US LLP is the leading provider of audit, tax and consulting services focused on the middle market, with 12,000 professionals in 84 cities nationwide. Our full range of services help specialty finance companies address their complex business challenges such as regulatory compliance, security […]

“News From Our Members” is sponsored content produced by AFSA’s Business Partners’ to provide thought leadership and best practices for AFSA member companies. . For more information about this sponsored content opportunity, contact Dan Bucherer. Alfa Press Release Alfa Presents Intelligent Automation in Alfa Systems 6 | Systemized decision-making through AI and rules-based workflows July […]

Last week, AFSA’s State Government Affairs team released its July white paper. This month’s white paper dives into artificial intelligence. AI and algorithms are transforming industries like financial services, enhancing operations and benefiting consumers. They may improve payment systems through better fraud detection, more accurate underwriting, enhanced customer data analysis, and automated customer service. In credit underwriting, algorithms can […]

The featured Business Partner for the month of July is Cox Automotive. Cox Automotive is transforming the way the world buys, sells, owns and uses vehicles. Dealertrack, Kelley Blue Book and Manheim solutions provide lenders the connectivity and confidence to thrive in this ever-changing automotive market. Learn more on our Business Partner Resource Guide.

AFSA recently joined the U.S. Chamber of Commerce in filing a coalition amicus brief urging the United States Court of Appeals for the Fourth Circuit to hold that a unilateral change-in-terms provision does not render an arbitration agreement illusory and unenforceable. AFSA and the Chamber are arguing for a reversal of the district court’s decision in […]

For those industries and businesses that are regulated by such federal agencies as the Consumer Financial Protection Bureau, the Securities and Exchange Commission, or the Federal Trade Commission, today’s U.S. Supreme Court ruling regarding the so-called Chevron deference is kind of a big deal. SCOTUS reviewed two federal cases, Loper Bright Enterprises v. Raimondo and […]