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Massachusetts Proposed Junk Fee Regulations
Jan 11, 2024

AFSA’s State Government Affairs team sent a comment letter to the Massachusetts Office of Attorney General (OAG) on the proposed regulations related to Unfair and Deceptive Fees. In the letter, AFSA highlights concerns with the proposed regulations due to their wide-ranging scope and ambiguous wording, leaving the potential impact on financial services uncertain. The letter lays out recommendations to extend […]

The Economic Outlook for 2024: Recession? Probably Not. Vibecession? Definitely.
Jan 11, 2024

AFSA Chief Economist Tim Gill has joined the prestigious The Wall Street Journal’s longstanding Economic Forecasting Survey panel. The panel consists of approximately 75 economists from academia, financial institutions, consulting firms, and trade associations who contribute their own forecasts of key economic indicators four times a year, and Gill is one of only 9 trade […]

Small Business Review Panel Issues Report On FCRA Rulemaking
Jan 11, 2024

This week the Small Business Review Panel issued its “Final Report” on the CFPB’s Fair Credit Reporting Act (FCRA) proposals. This is part of the Consumer Financial Protection Bureau’s rulemaking process. The Small Business Regulatory Enforcement Fairness Act (SBREFA) of 1996 provided new avenues for small businesses to participate in the federal regulatory arena, and […]

New Year, Old Issues
Jan 11, 2024

Welcome back! This week, both the House of Representatives and the Senate are in session following their holiday break. Below are some highlights from the first week back: The State of the Union Marches On … House Speaker Mike Johnson (R-LA) formally invited President Biden to deliver the State of the Union on March 7, […]

January White Paper: 2024 State Legislative Session Preview
Jan 04, 2024

On January 2, AFSA’s State Government Affairs (SGA) team released its latest white paper. This month’s white paper provides a 2024 State Legislative Session preview and 2023 year-in review. In 2023, California and D.C. addressed AI-related legislation, potentially influencing other states in 2024. Privacy concerns led to a surge in bills, though comprehensive legislation is […]

AFSA Suggests Changes to Financial Data Rulemaking
Jan 04, 2024

Last week, in a letter to the Consumer Financial Protection Bureau, AFSA reiterated support for innovation in the financial services industry but cautioned against overly restrictive use limitations. The CFPB’s proposed rulemaking to implement Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) is the next step in a 7-year […]

CEO Roundtable | 2024 Vehicle Finance Conference & Expo
Jan 03, 2024

Get the insights you need for 2024 and beyond from the industry leaders in the know at the capstone session of AFSA’s Vehicle Finance Conference & Expo: the CEO Roundtable. Be a part of 2024’s best vehicle-finance industry gathering, with engaging sessions that take deep dives into the topics top-of-mind for our industry. Sponsored by […]

Lies & Loans: What’s on the Vehicle Finance Fraud Horizon?
Dec 21, 2023

From false documents, overstating income and phantom loans to synthetic identities and leveraging stolen data on the Dark Web, vehicle finance fraudsters are adapting and innovating as quickly as the technology and techniques used to trap them. Hear from experts on the frontlines who are combating the fast evolving fraud market and what you need […]

AFSA & Trades: CFPB AO Not A-Okay
Dec 20, 2023

Earlier this week AFSA joined the Bank Policy Institute, the Consumer Bankers Association and the U.S. Chamber of Commerce in a letter to the Consumer Financial Protection Bureau (CFPB) raising concerns and requesting clarification on a recent Advisory Opinion (AO) released on October 11, 2023, regarding Section 1034(c) of the Dodd-Frank Act.  The letter raises […]

AFSA Makes Publication Request
Dec 18, 2023

In November the California Third Court of Appeals issued an unpublished decision that affects the vehicle finance industry, Stettner v. Mercedes-Benz Financial Services USA, LLC. Unpublished opinions are prohibited from being cited by counsel in memoranda of law and are not binding on inferior courts. Last Friday Alston & Bird submitted a request for publication on […]

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