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AFSA President & CEO discusses issues with CFPB Director
Apr 12, 2019

AFSA President & CEO Bill Himpler last Thursday met with Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger. Himpler and Kraninger discussed a number of issues affecting consumer credit, including debt settlement companies.

AFSA, Trades File Amici in Mortgage, Vehicle Financing Cases
Apr 09, 2019

The 1st Circuit Court of Appeals on Thursday April 4th accepted an amicus brief in Thompson v. JPMorgan Chase filed by AFSA and its sister trades. The trade associations are asking that the court grant Chase’s petition for rehearing or for rehearing en banc. The case has far-reaching consequences for the residential mortgage loan industry in Massachusetts. If rehearing is not granted, the decision may invalidate thousands of foreclosures already conducted in Massachusetts, resulting in consumer confusion and harm. Specifically, the decision has the potential to cloud title in thousands of mortgages in Massachusetts.

AFSA Meets with FCC Commissioner to discuss TCPA
Apr 08, 2019

This month, AFSA joined with other trades and member companies in meetings at the Federal Communications Commission (FCC). The associations and members met with FCC Commissioner Michael O’Rielly, as well as advisors to Chairman Ajit Pai and Commissioner Brendan Carr.

Statement on Committee Passage of TRACED Act
Apr 04, 2019

On April 3, the Senate Committee on Commerce, Science, and Transportation passed S. 151, the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act, by voice vote.

AFSA Webinar navigates jurisdictional Challenges In Motor Vehicle Lending
Apr 04, 2019

Join AFSA on Thursday, April 11, at 2 p.m. ET for Jurisdictional Challenges in Motor Vehicle Lending: What You Need to Know, presented by Wolters Kluwer.

AFSA Responds to Proposed Safeguards Rule
Apr 04, 2019

The proposed safeguards rule from the Federal Trade Commission (FTC)was published in the Federal Register this morning. Comments are due to the FTC by June 3, 2019. AFSA plans to comment.

Standards board rejects CECL proposal
Apr 03, 2019

The Financial Accounting Standards Board (FASB) rejected yesterday a proposal brought by several financial institutions and trade associations, including AFSA. The proposal would have softened the impact of a change that will force banks to book losses much faster.

AFSA’s Resource Directory’s Featured Listing for April
Apr 02, 2019

On April 2, the Consumer Financial Protection Bureau (CFPB) released Home Mortgage Disclosure Act (HMDA) data for 2018.

AFSA SGA Publishes Government Shutdown Whitepaper
Apr 01, 2019

AFSA's April State Government Affairs white paper is now available. This month's white paper covers the state response to the recent federal government shutdown. While the federal government was partially shutdown for a record 35 days, several states pushed for legislation to temporarily put hold on certain credit obligations to provide relief for affected federal employees. The white paper takes an in-depth look at this legislation, as well as other similar efforts, including stays of foreclosure and state loan programs. The paper is also available under the State Resources section of AFSA’s website.

AFSA Examining 2018 HMDA Data
Apr 01, 2019

AFSA looks forward to examining the 2018 HMDA data in detail during the coming weeks.

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