American Financial Services Association - Blog
American Financial Services Association



AFSA University Launches Module Focusing on Vendor Management
Jan 17, 2017

AFSA University recently released a new module on vendor management. The module addresses the Consumer Financial Protection Bureau’s expectations that financial institutions have an effective process for managing the risks of service provider relationships.

Transition Tracker | Former Rep. Neugebauer Discusses Importance of Credit Access with President-elect
Jan 12, 2017

Yesterday, President-elect Trump met with former Congressman Randy Neugebauer (R-TX), who is among those under consideration to head the Consumer Financial Protection Bureau (CFPB) if Trump removes current director Richard Cordray.

Transition Tracker | Committee Appointment Updates
Jan 11, 2017

House Financial Services Committee Ranking Member Maxine Waters (D-CA) announced the appointment of four freshman Democrats to the House Financial Services Committee to replace members who have joined other committees or left office: Reps. Josh Gottheimer (NJ), Vicente Gonzalez (TX), Charlie Crist (FL), and Ruben Kihuen (NV).

Transition Tracker | House Passes REINS Act
Jan 09, 2017

On Friday, Politico reported that House Judiciary Committee Chairman Bob Goodlatte (R-VA) is working closely with the incoming Trump administration to pass regulatory change legislation.

Transition Tracker | Committee Assignments and Confirmation Schedule
Jan 06, 2017

Committees in both the House and the Senate are important because they craft and debate legislation before it heads to the full body for a vote. AFSA focuses on contacting and cultivating working relationships with committee members and their staffs to ensure that access to safe, responsible consumer credit is front of mind at the “ground floor” of legislation.

Transition Tracker | 115th Congress Sworn-in; Ads Purchased Opposing Mnuchin
Jan 04, 2017

Yesterday, the 115th Congress was sworn in and House Speaker Paul D. Ryan (R-WI) was easily elected Speaker of the House of Representatives. There was a sole dissenting vote for the Speaker’s election by Rep. Thomas Massie (R-KY) who cast his ballot for Rep. Daniel Webster (R-FL). Rep. Nancy Pelosi (D-CA) was easily reelected as the minority leader.

Transition Tracker | Trump Nominates Mulvaney to OMB
Dec 19, 2016

President-elect Donald Trump has nominated U.S. Representative Mick Mulvaney, a South Carolina Republican, to be the head of the Office of Management and Budget (OMB).

Transition Tracker | Cordray Plans to Stay Remainder of Term
Dec 19, 2016

CFPB Communications Director Jen Howard told Politico Pro in an email today that Richard Cordray “has no plans” to leave his job as director of the CFPB.

New York Imposes Extensive Requirements for Maintenance of Vacant and Abandoned Properties
Dec 19, 2016

New regulations issued by the New York Department of Financial Services (NYDFS) that require mortgage lenders and servicers to inspect, secure and maintain residential properties that are believed to be vacant and abandoned took effect on Tuesday. The regulation expands on a law Governor Andrew Cuomo signed in June. In addition to the regulation, the NYDFS published a Residential Foreclosure Actions Consumer Bill of Rights.

Transition Tracker | Summary of Cabinet Appointees
Dec 16, 2016

Below is a summary of cabinet appointees who will have an influence on financial services, what they might do in the financial services industry, and how their confirmation process might go.

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