AFSA submitted a letter on Friday in support of the Consumer Financial Protection Bureau’s (CFPB) proposed advisory opinion program. The program would allow financial institutions to submit questions to the CFPB on areas where regulatory uncertainty exists. The CFPB’s goal is to better enable compliance in the face of regulatory and statutory uncertainty. AFSA agrees with the […]

The Attorney General of Colorado announced that the state has reached a settlement in two bank partnership lawsuits (Fulford v. Avant of Colorado, LLC and Fulford v. Marlette Funding, LLC). At the core of the lawsuit was the alleged partnership between several nonbanks with out-of-state banks. Under federal law, national banks and state-chartered banks can lend in […]

The American Financial Services Association is the premier consumer credit trade association in the country offering its members support and services that help them to continue to offer their consumers reliable, high-quality credit access. AFSA business partners play a key role in helping the association do just that. AFSA Business Partner members also realize a […]

AFSA is building a stellar virtual experience for attendees and Business Partners at the 2020 Virtual Annual Meeting & Independents Conference & Expo, running from Oct. 6-8, 11a.m.-2 p.m. each day. The association is pleased to welcome two excellent keynote speakers; former Consumer Financial Protection Bureau (CFPB) Director Richard Cordray and Echelon Insights co-founder Kristen […]

AFSA was saddened to learn of the death of Charlie Walters on Sunday, August 16. For those of us in the AFSA family, Charlie was a leader of our association and our industry, and a larger than life figure whether in a board room or at an AFSA conference. Charles Daniel Walters’ life-long career in […]

The American Financial Services Association along with several AFSA members is seeking a veto or a chapter amendment to legislation recently passed by both chambers in New York. AFSA communicated with both the Assembly and the Senate in advance and has reached out directly to New York Governor Andrew Cuomo about Senate Bill S5470B, which […]

The Federal Reserve Board of Governors on August 12 released an extensive study entitled The Cost Structure of Consumer Finance Companies and Its Implications for Interest Rates: Evidence from the Federal Reserve Board’s 2015 Survey of Finance Companies. The study, authored by Lisa Chen and Gregory Elliehausen, confirms and expands on what AFSA has been saying for decades: […]

The American Financial Services Association is the premier consumer credit trade association in the country offering its members support and services that help them to continue to offer their consumers reliable, high-quality credit access. AFSA business partners play a key role in helping the association do just that. AFSA Business Partner members also realize a […]

As AFSA builds a stellar virtual experience for attendees and Business Partners at the 2020 Virtual Annual Meeting & Independents Conference & Expo, we are pleased to announce our second keynote speaker, pollster Kristen Soltis Anderson. The conference opens Tuesday, October 6th and runs through Thursday, October 8th with each day’s sessions running from 11 a.m. to 2 p.m. ET with compelling keynotes, informative and […]

As AFSA builds a stellar virtual experience for attendees and Business Partners at the 2020 Virtual Annual Meeting & Independents Conference & Expo, we are pleased to announce that former Consumer Financial Protection Bureau Director, Richard Cordray, will present as a keynote speaker.   Richard Cordray served for six years as the first Director of the Consumer Financial Protection Bureau. […]