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. […]

Join us TOMORROW October 12 at 2:00 p.m. ET for Risk-Based Pricing Strategies in Auto Finance: Why Change and Why Now presented by Earnix. The auto finance market has seen rapid shifts in demand for both new and used vehicle financing in the past two years coupled with the funding costs increase to levels not seen in more […]

AFSA conferences take place in a lot of amazing resorts and hotels but nothing is quite as historic as The Breakers in Palm Beach, Florida where we’ll be holding out 2022 Annual Meeting in a few short weeks. Dan Jenkins, Senior Manager of Sales at The Breakers joins the Extra Credit Podcast to give us […]

The consumer credit industry is committed to equality and addressing discrimination in the allocation of credit and financial services. Which is why earlier this week, the American Financial Services Association and a group of eight other consumer credit trade associations shared concerns regarding the District of Columbia’s proposed B24-0558, the “Stop Discrimination by Algorithms Act […]