Multiple media outlets have declared Joseph R. Biden, Jr., the winner in the 2020 presidential race. American Financial Services Association President and CEO Bill Himpler issued the following statement: “The American Financial Services Association congratulates President-elect Joe Biden and Vice President-elect Kamala Harris on being declared winners of the 2020 presidential election, and we look […]

As a key AFSA stakeholder you know firsthand the value of the organization. Thirty years ago AFSA leaders like you stepped up believing an informed consumer is a good consumer and the AFSA Education Foundation was born! The Foundation’s primary focus is educating students through the online curriculum, MoneySKILL. To date over one million students […]

The American Financial Services Association (AFSA) emphasized the importance of preserving access to credit in response to the Department of Treasury (Treasury) and Community Development Financial Institutions’ (CDFI) Fund revised CDFI certification application proposed by the respective agencies. CDFIs are private financial institutions which offer affordable financial products and services to low-income and disadvantaged communities. […]

The Consumer Financial Protection Bureau (CFPB) yesterday (November 9) released a report showing that a “sizeable fraction of young enlisted servicemembers go delinquent on debt payments or have severe derogatories (for example, defaults) on their credit record around the time they leave active duty.” The report, entitled Debt and Delinquency After Military Service looked at […]

In this episode of the AFSA Extra Credit Podcast we talk with Tom Hudgins, 2021 AFSA Chair and President & COO of Western Shamrock. Tom has been an integral part of AFSA leadership for many years and has served on many committees and working groups. His counsel and expertise have helped AFSA continue the important […]

Join us on November 17 at 1:00 p.m. ET for The CFPB Debt Collection Rule: Compliance Considerations, presented by Hudson Cook & Weltman. The CFPB has issued its first of two anticipated final rules on debt collection.  While the rule is based on the Fair Debt Collection Practices Act, its scope is limited to third-party debt […]

Join us on December 3 at 2:00 p.m. ET for Auto Loan Accommodations: Insights from the Past, Applications for the Present, presented by TransUnion. The COVID-19 pandemic significantly impacted consumers and businesses, and the auto industry is one of many that provided deferral and forbearance programs on existing loans. What will the pandemic’s long-term effects mean […]

The American Financial Services Association (AFSA) replied to the Federal Communications Commission’s (FCC) proposed rulemaking regarding certain exemptions under the Telephone Consumer Protection Act (TCPA) for companies making calls to their customers. In a comment letter to the FCC, AFSA wrote in support of two current exemptions: (1) Non-commercial calls to a residence (Informational Calls […]

AFSA is excited to announce that the 2021 Vehicle Finance Conference will be held online from February 23 through February 25; AFSA committees will meet the preceding week, February 16 through February 18 (more details to come). Each day will feature three hours of fast-paced and informative keynotes, plenary and breakout sessions, along with engaging networking opportunities. Attendees can expect the […]

The Consumer Financial Protection Bureau (CFPB) finalized a rule amending its Disclosure of Records and Information Regulation. In the rulemaking, the CFPB addresses the confidential treatment of information the agency obtains while exercising its statutory authority to enforce federal consumer financial laws.   Specifically, the final rule revises the agency’s information practices, enhances collaboration efforts with agency […]