
CFPB’s Second Report on 2023 Auto Finance Data Pilot
Jan 29, 2025
Last week, the Consumer Financial Protection Bureau (CFPB) issued the second in a series of reports based on its 2023 Auto Finance Data Pilot. While the first report discussed negative equity in vehicle finance transactions, the new paper provides a CFPB analysis of available data relating to vehicle repossessions and discusses statistical trends in repossessions […]
The Future of the Direct-to-Consumer Model w/ Brian Chance, Katie Johar & Eva Kellershof
Jan 29, 2025
The AFSA Extra Credit Podcast is back for 2025 with fresh takes, knowledgeable experts and timely conversations on the consumer credit industry. First up? Brian Chance and Katie Johar of EY and Eva Kellershof of NETSOL take a deep dive on the evolving vehicle purchasing landscape and the direct-to-consumer (DTC) model and what it could […]
California CCPA Regulations
Jan 28, 2025
AFSA’s State Government Affairs team submitted a comment letter to the California Privacy Protection Agency regarding the proposed regulations for updates to the California Consumer Privacy Act (CCPA). AFSA expressed strong concerns about the proposed regulations’ practicality, legal compliance, and alignment with statutory authority. AFSA believes that several aspects of the regulations, including cybersecurity audits, risk assessments, […]
FTC Welcomes New Appointees
Jan 28, 2025
AFSA would like to congratulate the new FTC Chair Andrew Ferguson. As of January 20th, FTC Commissioner Andrew Ferguson is Chair of the Federal Trade Commission, taking over for former Chair Lina Khan. As Chair Ferguson was already a confirmed commissioner of the FTC; he assumed his role immediately following President Trump’s oath of office. Before being […]
Time for Accountability is Now
Jan 28, 2025
AFSA, in conjunction with our members, has worked to compile a list of policy requests to bring transparency and accountability to the Consumer Financial Protection Bureau (CFPB). These policies, focused on reforming the CFPB, will decrease confusion in the marketplace that the Bureau’s overregulation has been instilling. Every consumer deserves access to some form of credit; they […]
AFSA Education Foundation (AFSAEF) in Action
Jan 22, 2025
The AFSA Education Foundation is celebrating a milestone event this year, its 35th anniversary and thanks to the generosity of AFSA member representatives giving their time and financial resources annually and to establish an endowment, the AFSAEF has been at the forefront of financial education. The highly regarded personal finance curriculum, MoneySKILL® remains a flagship […]
AFSA Supports Bipartisan Credit Repair Scam Legislation
Jan 15, 2025
Reps. Sarah McBride (D-DE) and Young Kim (R-CA) reintroduced the bipartisan “Ending Credit Repair Scams Act” (HR 306) last week. This bipartisan legislation would protect financially distressed consumers from shady credit repair organizations (CROs) that falsely promise to rebuild their credit history while charging expensive up-front and monthly fees. Representative McBride recognized AFSA’s support in a press […]
Congratulations to the 119th Congress Chairman
Jan 15, 2025
Yesterday, AFSA sent a letter to both Senate Banking Chairman Tim Scott (R-SC) and House Financial Services Chairman French Hill (R-AR) congratulating them on their selection as chairmen for the 119th Congress, and reiterating our appreciation for both Senator Scott and Congressman Hill’s support of the consumer credit industry. The letter, along with AFSA’s 2025 priorities […]
AFSA’s Response to the Supervisory Highlights
Jan 15, 2025
Last week, AFSA responded to the CFPB’s Auto Finance Special Edition of Supervisory Highlights. While the goal of these publications is to “help industry limit risks to consumers and comply with federal consumer financial law,” this most recent edition of the Highlights does not provide sufficient detail for the auto-finance industry to adjust practices to conform to […]
Innovations & Insights: Fraud and Data Trends 2025
Jan 14, 2025
The increased digitization of the lending process, the use of big data and analytics, and efforts to enhance competitive finance offers and access to credit present opportunities that also come with heightened fraud and data privacy risks. Hear from top fraud and privacy experts about the latest trends in the fraud and data privacy space […]