- China's Shoppers Stock Up on Cards
July 3, 2008
The number of credit cards used by Chinese consumers nearly doubled in the first three months of 2008 from a year earlier, with the People's Bank of China reporting on its Web site that the volume of credit cards in circulation surged 93 percent in the year ending March 31, 2008, to 104.7 million.
- Hope Now: 1.7 Million Workouts on Loans Since July 2007
July 3, 2008
According to Hope Now, mortgage servicing companies helped about 170,000 homeowners avoid foreclosure in May and is on track to help 519,000 in the second half of 2008. Hope Now executive director Faith Schwartz says, "The May report demonstrates that Hope Now is helping homeowners avoid foreclosure.
- Hello Muddah, Hello Fadduh, My Portfolio Is in the Gutter
July 3, 2008
With the economy in a downturn, the financial literacy curriculum is expanding from business and finance camps to less traditional venues.
- IRS May Get Reports on Credit Card Payments From Processors
July 3, 2008
Legislation pending in Congress would require payment card processors to disclose to the Internal Revenue Service how much money merchants receive through credit card and debit card transactions; the Bush administration believes this policy would spur more businesses to accurately report their income and help close the gap between what the government is owed in taxes and what it actually collects.
- Foreclosure Bill Orders Lenders to Talk to Borrowers
July 3, 2008
California Gov. Arnold Schwarzenegger appears set to endorse an urgency measure obliging lenders in the state to talk to distressed homeowners about how they can avoid foreclosure and prohibiting the lenders from filing a default notice until 30 days after contacting a borrower or making a good-faith effort to do so.
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AFSA and CFA Invite Obama, McCain to Discuss Financial Services Issues (PDF)
June 25, 2008 - Letters to Presidential Candidates June 20081.pdf
Statement Regarding the DOJ, FTC Letters on the Credit Card Fair Fee Act (PDF)
June 24, 2008
Statement Regarding the FBI's "Operation Malicious Mortgage" (PDF)
June 19, 2008
HUD Proposal Won't Succeed in Simplifying Mortgage Disclosures (PDF)
June 12, 2008 - RESPA Comment Letter
Help Your Finances Weather the Storm (PDF)
June 9, 2008
AFSA Statement Regarding the Credit Card Fair Fee Act (PDF)
May 15, 2008
Statement on Proposed Rules on Credit Card Practices (PDF)
May 2, 2008
Statement on FHA Housing and Homeowner Retention Act (PDF)
May 1, 2008
Making the most of your Associate Membership
Webinar detailing how your organization can maximize the benefits of AFSA Associate Membership Presented by Marguerite Watanabe, AFSA Associate Board Chair, Connections Insights and Sheilah Harrison, AFSA Vice President, Membership Services.”
Committee Brochure (PDF)
This brochure provides a comprehensive overview of AFSA’s 12 CIPs, answers frequently asked questions about participating in a committee and includes an application to join a committee.
Understanding Vehicle Financing
This brochure, prepared in cooperation with the Federal Trade Commission (FTC), provides information to help consumers learn about dealership finances. A Spanish version of the brochure is also available.
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