American Financial Services Association - Blog
Member login
American Financial Services Association



Stay Informed >  Blog

AFSA Comments on Texas Retail Bad Debt Bill
May 04, 2023

This past week, AFSA’s state government affairs team sent a letter to the Texas House of Representatives expressing support on HB 3389. The bill would amend state law that would improve efficiency in the vehicle finance industry. Under the bill, financial institutions would be able to claim a refund of motor vehicles sales taxes paid […]

AFSA Testifies on Rules on HB 2008
May 04, 2023

AFSA’s Senior Vice President Danielle Fagre Arlowe recently testified before the Oregon House Committee on Rules on HB 2008. The bill would make changes to state law related to debt collection. In her testimony, Arlowe expressed concern that the bill’s provisions would limit the ability of creditors to collect on delinquent debts. As currently written, […]

AFSA Sound Alarm on Credit Repair Scams
May 04, 2023

AFSA signed a joint trade urging the Senate Banking Committee to introduce legislation to limit the threat credit repair scams pose to consumers and credit markets. As several state and federal regulators have warned, credit repair organizations take advantage of consumers trying to improve their financial situation by inundating financial services providers with meritless and […]

AFSA Comments on CFPB’s Late Fees Rule
May 03, 2023

Today, AFSA commented on the CFPB’s proposal to radically reduce the safe harbor dollar amount for late fees. AFSA asked the CFPB not to proceed with rulemaking, as the proposal fundamentally misunderstands the role of late fees, would negatively impact customers and the market, ignores a bevy of consumer protections already in place, and violates […]

May White Paper | Algorithms, AI, and Automated Decisionmaking
May 02, 2023

AFSA’s State Government Affairs team published it’s May white paper focusing on algorithms, artificial intelligence, and automated decisionmaking. Artificial intelligence (AI) and algorithms have transformed numerous industries, including financial services. The financial services industry uses AI and algorithms in numerous ways to improve efficiency and reduce bias, such as in the credit underwriting process. In […]

May 01, 2023

The featured Premier Business Partner for May is RSM. RSM US LLP is the leading provider of audit, tax and consulting services focused on the middle market, with 9,000 people in 90 offices nationwide. Our full range of services help specialty finance companies address their complex business challenges such as regulatory compliance, security and privacy, […]

Economic Matters
Apr 27, 2023

Economic growth slowed sharply in first quarter of 2023; consumer spending held solid, but for how much longer? The Bureau of Economic Analysis’ advance estimate of real GDP for the first quarter of 2023 showed an increase of 1.1 percent compared to the fourth quarter of 2022 on a seasonally adjusted annualized basis (SAAR). Since […]

LISTEN | Melinda Zabritski on the State of the Vehicle Finance Industry
Apr 26, 2023

In this edition of the AFSA Extra Credit Podcast, Dan chats with Melinda Zabritski, Senior Director for Experian’s automotive financial services team. She swings by to give listeners a look into what we can glean from  Experian’s Q4 State of Automotive Finance report. She also looks at affordability and uses her crystal ball to see what what […]

WATCH | Lender Best Practices in VPPs
Apr 26, 2023

Join us TOMORROW April 27 at 2:00 p.m. ET for Voluntary Protection Products – Lender Best Practices to Address the Compliance Risk presented by F&I Sentinel. Over the last several years, scrutiny placed on lenders in connection with the financing and servicing of voluntary protection products (add-ons) has increased tremendously. Recently, the industry has seen an […]

AFSA Supports CFPB Transparency
Apr 26, 2023

This week, AFSA submitted a comment letter to House Financial Services Committee Chair Rep. Patrick McHenry (R-NC) and Ranking Member Rep. Maxine Waters (D-CA) supporting the Consumer Financial Protection Bureau (CFPB) Transparency and Accountability Reform Act. The bill takes several crucial steps that AFSA has long advocated. The bill: Creates a bipartisan commission to lead […]

1 4 5 6 7 8 9 10 11 12 13 14 127