Keynote sponsored by The American Financial Services Association is pleased to announce that Peter Diamandis, Co-Founder & Executive Chairman of the XPrize Foundation, and one of the most dynamic speakers in the tech industry, will keynote AFSA’s 2021 Virtual Vehicle Finance Conference. Diamandis, who was named by Fortune as one of the “World’s 50 Greatest Leaders,” […]

The American Financial Services Association (AFSA) recently released its 2021 Federal Priorities. America has a full history of evolving national consumer financial protection laws aimed at ensuring consumers are fairly and responsibly treated by financial institutions. Some 22 different federal laws, spanning eight different agencies, create a layered system of laws that protect consumers. The […]

AFSA is aware of several scam companies and individuals posing as AFSA staff members offering a variety of professional contact lists. Many of the most recent messages offer discounted contact lists for upcoming conferences. You should disregard these messages.  Attendee lists are made available to registered attendees only. AFSA does not and will never, sell conference attendee contact lists. If you see […]

AFSA is sharing the below case summary with members with permission from K&L Gates. The original can be found here. AFSA signed onto a joint amicus brief in this case available here.  THE MASSACHUSETTS SUPREME JUDICIAL COURT HOLDS STATE-MANDATED DEFAULT NOTICE NOT INACCURATE OR DECEPTIVE By: Andrew C. Glass, Gregory N. Blase, Hollee M. Boudreau […]

This week, the FDIC finalized a rule to require certain conditions and commitments for each deposit insurance application approval from an industrial bank or industrial loan company (ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board. According to the FDIC, the rule will accomplish two important goals: “1. Ensure […]

Today the American Financial Services Association (AFSA) joined several other financial services trade associations and organizations in a letter urging Congressional leaders to include the bipartisan Securing and Enabling Commerce Using Remote and Electronic Notarization Act (SECURE Notarization Act) in a future emergency COVID-19 relief legislative vehicle. Introduced by Representatives Madeleine Dean (D-PA) and Guy […]

In this episode of the AFSA Extra Credit Podcast, we speak with Mark McArdle, Assistant Director, Mortgage Markets with the Consumer Financial Protection Bureau (CFPB). Mark handles several different areas within the mortgage markets team at the Bureau, including facilitating the Bureau’s assumption of the Home Mortgage Disclosure Act (HMDA) reporting, developing options around the Ability […]

This week, the American Financial Services Association (AFSA) commented on the payday loan disclosures designed by the Consumer Financial Protection Bureau (CFPB). AFSA emphasized that the definition of “payday loan” should be included in all the documents, especially in the “Initial Screener” questionnaire and the “Introduction of the Interview” transcript, to avoid the possible inclusion […]

Join us TOMORROW at 2:00 p.m. ET for Essentials for Success in the New Economy: Gaining ROI on Digital Strategies, presented by The shift to digital financial services has been happening for years, but COVID has been a reality check for firms to create a high-touch digital experience to stay competitive. Without clear line-of-sight into how the […]

“Small businesses are crucial to the American economy and to the millions of Americans who run them, are employed by them, and who patronize them,” AFSA wrote to the CFPB this week, adding, “Credit availability, in turn, is critical to the well-being of small businesses. Without credit, many small businesses would close.” AFSA’s comments were […]