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Fagre Arlowe Testifies Before NJ Assembly Committee
May 08, 2020

On May 7th, AFSA SVP Danielle Fagre Arlowe testified before the New Jersey Assembly Commerce and Economic Development Committee hearing on AB 3908. It was the first virtual hearing in state histroy. Her full testimony before the committee is below. Arlowe submitted written testimony for the Senate version of the bill S. 2330.

Main Street Lending Program Should Support Main Street Businesses
May 07, 2020

The American Financial Services Association (AFSA) this week submitted a comment letter to Eric Rosengren, the President & CEO of the Federal Reserve Bank of Boston. The letter expressed the troubling fact that – despite the name – the Main Street Lending Program (MSLP) is not supporting all Main Street businesses, specifically, consumer finance companies. The letter asks that “the Federal Reserve designate state-licensed and -regulated finance companies, including vehicle finance companies, credit card issuers, and traditional installment lenders, as eligible businesses.”

My First Post
May 07, 2020

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!

Key Takeaways from Auto Reporting Webinar
May 06, 2020

As part of its Business Partner Webinar Series last week, AFSA hosted Equifax for Reporting Automotive Loan Payments During COVID-19 Pandemic. Drew Rosedale, Data Contributor Services Leader and Jenn Reid, VP Strategy & Marketing walked viewers through the lay of the land and what to expect in the coming weeks and months. There were four key takeaways from the program.

Virtual Auto Retailing in Today’s Marketplace: Outlook & Strategies for Lenders
May 05, 2020

Join us on May 13th at 2:00 p.m. ET for Virtual Auto Retailing in Today’s Marketplace: Outlook & Strategies for Lenders, presented by DealerTrack.

AFSA Publishes State Coronavirus Response White Paper
May 04, 2020

AFSA’s State Government Affairs (SGA) team today published a COVID-19 state policy update white paper, the second of two papers covering state responses to the coronavirus outbreak. The white paper provides a snapshot of key state activity in response to COVID-19, updating the information provided in AFSA’s previous COVID-19 white paper published last month. This month's white paper examines credit-specific policy changes, including mandatory fee waivers, payment deferrals, collections restrictions, and moratoriums on repossession and foreclosure. The paper also provides an overview of statewide closures of non-essential businesses, state attorneys general advocacy, DMV operating changes, and state legislative session adjustments.

Navigating Media and Consumer Engagement as We Emerge From the Pandemic
May 01, 2020

Join us on May 20th at 1:00 p.m. ET for Navigating Media and Consumer Engagement as We Emerge From the Pandemic. The program will be presented by Leigh Fatzinger, Founder and CEO at Turbine Labs, AFSA's partner developing AFSA Daily Connect and other media intelligence.

Harley-Davidson’s Root Appointed to AFSA Board Seats
Apr 30, 2020

Jonathan Root, Senior Vice President at Harley-Davidson Financial Services, will take the American Financial Services Association Board of Directors and Vehicle Finance Board seats currently occupied by Larry Hund, who has accepted the position of Chief Commercial Officer for Harley-Davidson Motor Company.

AFSA Submits Amicus Brief Supporting Consumers in Credit Reporting
Apr 29, 2020

The American Financial Services Association submitted an amicus brief on April 27 to the U.S. District Court of Maine. The case was brought by the Consumer Data Industry Association (CDIA) against Maine Attorney General Aaron Frey and Superintendent of the Maine Bureau of Consumer Credit Protection William Lund. The case challenges two bills, the Medical Bill Act and the Economic Abuse Act passed by the Maine legislature in 2019.

Pandemic Best Practice: Q&A with AFSA’s Philip Bohi
Apr 28, 2020

We asked AFSA Vice President of Compliance Education Philip Bohi for his thoughts on compliance issues and his thoughts as we begin planning for a return to more normal business operations.

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