President Joe Biden announced his intention to nominate Federal Trade Commissioner Rohit Chopra to serve as Director of the Consumer Financial Protection Bureau. And late on Inauguration Day, President Biden announced that Dave Uejio, currently head of strategy at the agency would serve as acting director until Chopra is confirmed. As Bloomberg reported this morning: […]

This week, the Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, National Credit Union Administration, and the Office of the Comptroller of the Currency issued final rules clarifying the role of supervisory guidance. Supervisory guidance is issued by agencies in the form of (but not limited to) interagency statements, advisories, bulletins, policy statements, questions and […]

Join vehicle finance industry leaders as they provide their perspectives and takeaways from 2020, and share their insights on the challenges and opportunities coming down the road in 2021. AFSA is pleased to share that the following senior executives will participate in our panel: Mahesh Aditya, President & CEO, Santander USA Dan Berce, President & […]

The Office of the Comptroller of the Currency (OCC) released its finalized rule to ensure fair access to banking services provided by large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations.  The rule codifies more than a decade of OCC guidance, which stated that banks should conduct risk assessments of individual customers, rather than […]

Today, President-elect Joe Biden announced that Federal Trade Commissioner Rohit Chopra will be nominated to serve as Director of the Consumer Financial Protection Bureau. The following statement may be attributed to Bill Himpler, President and CEO of the American Financial Services Association:  “AFSA and its member companies congratulate Commissioner Chopra on his nomination to lead the […]

AFSA is pleased to announce that Dr. Mark Zandi, Chief Economist at Moody’s Analytics, and co-Founder of Economy.com will present at AFSA’s 2021 Virtual Vehicle Finance Conference. Dr. Zandi, a trusted adviser to policymakers and an influential source of economic analysis, will provide an overview on the state of the U.S. economy and an outlook […]

Join us on February 4 at 2:00 p.m. for The Impact of Address Confidentiality Programs on Extending and Servicing Credit, presented by Husch Blackwell. Learn the where, what, and why of address confidentiality programs across the country—sometimes called “Safe at Home” laws. Designed to protect victims of stalking and domestic violence from true danger, these laws […]

According to Bankrate’s January 2020 Financial Security Index study, just 39 % of American households are able via savings to cover a $1,000 emergency expense, such as a car repair. The 2021 version of the survey found that just 41% could cover such a cost. AFSA has long pushed for policies and initiatives that help […]

AFSA’s State Government Affairs (SGA) team published its 2021 State Legislative Preview and 2020 Review white paper this week. The paper provides members with a comprehensive preview of state legislative and regulatory activity in 2021 and identifies and reviews the trends of the previous legislative session. The year 2020 was an unprecedented one and much of the nation is still feeling […]

The American Financial Services Association (AFSA) submitted comments in support of several federal banking agencies’ notice of proposed rulemaking  on the role of supervisory guidance. Supervisory guidance is issued by agencies in the form of (but not limited to) interagency statements, advisories, bulletins, policy statements, questions and answers, and frequently asked questions. The letter was […]