This report presents the results of a first-of-its kind survey of leading providers of mortgages, vehicle financing, personal installment loans, credit cards, and other consumer products. Participants provide their views on several key business indicators, including how they see consumer lending evolving in the coming months. The survey’s results show conditions facing consumer lenders deteriorated […]

Results from AFSA’s new Consumer Credit Conditions Index (C3) reflect the challenges faced by lenders and borrowers in today’s volatile economic and regulatory climate. This view from lenders is the result of a first-of-its kind survey of AFSA’s membership of providers of consumer credit in the form of mortgages, vehicle financing, personal installment loans, credit […]

AFSA is excited to launch the Consumer Credit Conditions Index (C3 Index). This initiative fills a need among lenders, policymakers, consumer-facing businesses, the financial media, and the public for a set of focused indicators that track the state of the industry. It provides crucial insights beyond what is available in other industry sentiment surveys or government […]

Today, the House Energy and Commerce Subcommittee held a hearing titled “Legislative Solutions to Protect Kids Online and Ensure Americans’ Data Privacy Rights.” During this hearing, the subcommittee considered the discussion draft of the “American Privacy Rights Act” (APRA). In advance of the hearing, AFSA sent a letter to the Chairs and Ranking Members of […]

Ahead of the Senate Judiciary Committee’s hearing entitled “Small Print, Big Impact: Examining the Effects of Forced Arbitration,” AFSA wrote to Chairman Richard Durbin (D-IL) and Ranking Member Lindsey Graham (R-SC) in support of arbitration. AFSA – which has long supported arbitration as a fair and effective mode of settling disputes between borrowers and creditors […]

AFSA joined several other trades in an amicus brief in a Fair Credit Reporting Act (FCRA) case in front of the 3rd Circuit. The question in the case, Ritz v. Nissan, is whether a furnisher has to investigate not only the factual accuracy of reported information, but also must assess and resolve legal disputes. AFSA and the other […]

Congress is back in session next week and has a full legislative agenda to work on in the months ahead.  Impeachment: The House is likely to send its impeachment articles against Homeland Security Secretary Alejandro Mayorkas to the Senate next week, triggering the trial process. Senate Majority Leader Chuck Schumer (D-NY) can bypass a trial […]

The featured Business Partner for the month of April is DataScan. DataScan has established itself as the North American leader in providing dealer floorplan lenders with technology-based solutions for wholesale asset financing and inventory risk management. Clients rely on our comprehensive technology solutions, industry knowledge and expert team to successfully manage their business and reduce […]

AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry. What has been the most important lesson? Understand the subjects and the people that you work with. Was there a mentor who provided great insight in your early career? My father. What do you wish the you of today […]

AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry. What has been the most important lesson? I have learned lots of lessons over my career—it’s probably why it is called the “practice” of law. 😊  One of my most important takeaways over the years, however, has been is […]