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AFSA Continues to Press on TCPA
Jul 10, 2019

Complaints about robocalls continue to rise, and occur seemingly anywhere, at any time. Members of Congress say they hear about the robocall problem in town hall events back in their districts. It’s no different at the regulatory agencies – where robocalls are an easy Enemy No. 1. So it’s no surprise that the federal government is determined to do something about them.

CFPB Releases Study on Consumer Credit Card Behavior
Jul 08, 2019

The Consumer Financial Protection Bureau’s Office of Research has released a study on consumer credit card payment behavior. The study examines whether consumer pay off their balances monthly, retain a balance from one month to the next, keep an inactive credit card, or transition between any of the aforementioned states. The study breaks down the information by credit score band and geographically.In reviewing the behavior of consumer with respect to their credit card debt, the study overlooks the benefits that consumers derive from traditional installment loans for debt consolidation. Such loans can help consumer completely pay off credit card or other debt in a stable and predictable manner.

Opportunities in Used Vehicle Financing
Jul 03, 2019

Join us July 25th at 2 p.m. ET for Opportunities in Used Vehicle Financing, presented by TransUnion.

AFSA Launches CCPA Working Group
Jul 01, 2019

Following up on presentations made at AFSA’s May committee meetings, the AFSA Operations and Regulatory is creating the California Consumer Protection Act Working Group.”The purpose of the group is to give AFSA members focused on compliance issues a chance to share information and approaches to dealing with the CCPA,” said Philip Bohi, VP Compliance Education. “We will focus on understanding the law’s requirements along with any amendments, regulations, or guidance that will come. With that as a foundation, we can talk about how to achieve and maintain compliance.”Group goals include:• Discussing compliance obligations relating to CCPA• Discussing techniques members can use to achieve and maintain compliance• Update on CCPA amendments, rules, guidanceAFSA’s State Government Affairs Committee will continue its work and efforts on legislative and regulatory matters related to the CCPA.If you are interested in participating in the AFSA ORCC CCPA working group, please contact Philip Bohi at

AFSA Letter Calls for Standard on Data Security
Jun 30, 2019

AFSA submitted a letter to the Federal Trade Commission (FTC) on June 30 in response to the commission’s hearings on competition and consumer protection in the 21st century. The letter lays out the necessity for a “single, federal, risk-based standard” for data security.

Opportunities in Used Vehicle Financing
Jun 28, 2019

Webinars are complimentary to AFSA members.

AFSA SGA Moves Florida Auto-Fraud Reform Across Finish Line
Jun 27, 2019

Under existing law, a towing service or repair shop could hold a vehicle for at least 30 days and even claim another lien against the vehicle due to nonpayment for services. During this period, the service provider is required to notify all owners and lienholders of the amount due and may eventually hold a public auction for the sale of the vehicle following publication of a notice of sale. This process has been abused for many years through fraudulent liens on customer’s vehicles, and selling vehicles without properly notifying the lienholder.

FTC PrivacyCon Features Presentation on Privacy Practice Assessments
Jun 27, 2019

The methodology to review and evaluate the privacy practices of third parties has potential implications for financial institutions. In particular, financial institutions are required to perform assessments of third-party service providers for their ability to comply with applicable laws and regulations. A means of determining and reporting on the relative strength or weakness of a company’s privacy practices would be an important component in selecting and managing third-party service providers.

Bipartisan Robocall Legislation Advances to Full House Energy and Commerce Committee
Jun 26, 2019

This week, the House Subcommittee on Communications and Technology advanced the Stopping Bad Robocalls Act, bipartisan legislation co-sponsored by Energy and Commerce Committee Chairman Frank Pallone (D-NJ) and Ranking Member Greg Walden (R-OR) . The bill is intended to prevent unwanted robocalls, but could be problematic for legitimate businesses. The bill could be marked up in the full committee as early as July.

Annual conference addresses issues in the retail automotive channel
Jun 25, 2019

More than 50 leaders of the American Financial Services Association’s (AFSA) Vehicle Finance Division and the National Automobile Dealer Association’s (NADA) met this week in Washington, DC, to discuss opportunities and challenges for the U.S. automotive retail channel.

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