American Financial Services Association - Blog
American Financial Services Association



2015 DSA Award Video Now Available
Jan 05, 2016

AFSA created the Distinguished Service Award in 1941 to recognize individuals who have made a difference by contributing to the growth and advancement of the financial services industry and our association.The awards were given on Tuesday, October 6, 2015 at the AFSA Annual Meeting in Boston. The 2015 recipients were Steve Schmelzer, President & CEO of Personal Finance Company; Jim Sheeran, General Counsel with Tidewater Finance Company, and; Glen Twede, Vice President of Sales with GOLDPoint Systems. The ceremony is now available for viewing below and at AFSA's YouTube channel.

AFSA Launches New Website
Dec 10, 2015

Today, the American Financial Services Association (AFSA) is launching a completely redesigned website at The new website, designed in partnership with Engage Software headquartered in St. Louis, has a modern design and is constructed to be user friendly. AFSA's goal is to develop a site that will become the go-to source for consumer finance news, updates, and knowledge.

VIEWPOINTS: Journal editorials turn the spotlight on CFPB actions in auto financing
Dec 10, 2015

The Wall Street Journal’s editorial page writers and opinion columnists have never been shy about calling out mistakes of the government, businesses or individuals. The past several weeks, WSJ’s editorial page writers and Op-Ed columnists have blistered the Consumer Financial Protection Bureau’s (CFPB) “outrageous regulatory campaign in its March 2013 “bulletin” that effectively codified its policy against dealer discretion in setting interest rates. This Beltway directive never went through the normal rule-making process.”

House Financial Services Committee Cites AFSA Study in Report Critical of CFPB Methodology for Alleging Discrimination
Nov 24, 2015

The findings of the report, published by the Republican Staff of the House Committee, clearly show that the Bureau’s methodology to determine disparate impact and potential harm to protected classes is flawed and prone to overestimation. Further, the federal agency was aware of apparent discrepancies yet pushed forward with claims of discrimination, which resulted in enforcement actions forcing companies to pay millions of dollars in fines and penalties.

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