Transition Tracker | Carson to Accept HUD Secretary Role; AFSA Member Named to Transition Team
Nov 29, 2016
Former Republican presidential candidate Dr. Ben Carson will formally accept the role of Secretary of Housing and Urban Development (HUD), according to a HousingWire report yesterday. Speculation about the appointment had been swirling for some time, but Carson put that matter to rest when he announced to sources that he would accept the job.
AFSA Comments on FTC Safeguards Rule
Nov 28, 2016
On Nov. 21, AFSA submitted a letter to the Federal Trade Commission (FTC) regarding the Commission’s Standards for Safeguarding Customer Information, the “Safeguards Rule.” AFSA urged the FTC to keep the flexible guidelines currently in the rule in place. Where appropriate, AFSA encouraged the FTC to provide a safe harbor.
Transition Tracker | Transition Landing Teams Signal Some Positives for Financial Services
Nov 28, 2016
Last week, President-elect Donald Trump announced several names for “landing teams.” The landing teams will collect information on each agency, including the agency’s budget, policies, priorities, and status of rulemakings. Members of a landing team do not necessarily end up with an appointment in the administration. Their job is to inform the transition team and help incoming appointees hit the ground running in January.
Nov 24, 2016
From everyone at AFSA, we hope that you and yours have a safe and happy Thanksgiving filled with love and family.
In observance of the holiday, AFSA will be closed on November 24th & 25th.
President-elect Donald Trump has tapped Jeffrey Eisenach, a free-market economist with an avowed deregulatory bent, to lead his Federal Communications Commission (FCC) transition team.
President-elect Trump and an incoming Republican Congress have pledged to roll back the Dodd-Frank Act. How do they plan on doing that? And what obstacles may be in their way?
Transition Tracker | CFPB Appeals in PHH Case
Nov 21, 2016
On Nov. 18, the CFPB appealed the D.C. Circuit Court's three-judge panel ruling in the PHH Corp. v. Consumer Financial Protection Bureau case that found the CFPB’s structure unconstitutional.
On November 16, AFSA submitted a comment letter to the South Dakota Division of Banking requesting the Division confirm that Initiated Measure 21 would not apply to retail installment contracts and requesting clarification on calculation of the measure’s 36 percent all-in rate cap. Initiated Measure 21 was approved by South Dakota voters on November 8 and became effective November 16, following the Secretary of State’s official canvas. AFSA members raised concerns and questions about the Measure’s application to retail installment contracts and the inclusion of ancillary products in the calculation of the finance charge.
On November 14, AFSA submitted comments to the New York Department of Financial Services (NYDFS) regarding its proposed cybersecurity regulation for financial services companies –the first of its kind from a state regulator. The proposal would impose new, extensive, cybersecurity requirements on financial institutions in a variety of different areas.
Today, the American Financial Services Association Education Foundation (AFSAEF) welcomed its new Executive Director Rhonda Paul Ashburn. She joins AFSAEF from the National Foundation for Credit Counseling® (NFCC®) and will oversee all aspects of the AFSAEF, including its leadership development programs, and the popular MoneySKILL® premier online personal finance education curriculum, which now has more than 700,000 users in all fifty states.