On January 4, 2021, AFSA submitted a comment letter to the Office of the Comptroller of the Currency (OCC) regarding its proposed rule on Fair Access to Financial Services.  This proposal reiterates that banks operating under the OCC’s governance should offer financial products and services to customers based on individualized risk assessments rather than based […]

The featured Business Partner for January is GOLDPoint Systems which offers one of the most complete Loan Management Software Systems in the Direct and Indirect market, covering the complete loan life cycle. GOLDPoint products include online portals, custom scoring, origination, loan servicing, collections, accounting, reporting, document storage and e-signatures. What is the most important issue facing your […]

From everyone at AFSA, we wish you and your loved ones have a safe and happy New Year!

In this episode of the AFSA Extra Credit Podcast, we close out the year with AFSA President & CEO Bill Himpler. We discuss many of the successes the association has seen in 2020 and outline some goals to work for in 2021. Bill also highlights and thanks the AFSA members for their commitment to their […]

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 […]