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Home > Compliance > Operations and Regulatory Compliance Committee
 
Purpose of the ORCC
The purpose of the Operations and Regulatory Compliance Committee (ORCC) is to address the policies, guidance, enforcement actions and regulations issued by federal government and agencies that impact the association’s members. This new AFSA committee assists member companies in dealing with compliance issues the industry faces by developing industry resources and educational materials. Eligibility: The ORCC is primarily comprised of AFSA member company representatives who focus on the operations and implementation side of compliance, such as Chief Compliance Officers (CCO).
ORCC Structure

Leadership

The ORCC Leadership is as follows:

  • ORCC Chair:  Nathan Benson, Tidewater Finance
  • Vice Chair:  Dan Soto, Ally Financial
  • Consumer Complaint Working Group Chair:  Beth Decker, VW Credit
  • Business Partner Advisory Group Chair:  John Short, Fotegra Financial 
  • Law Committee Representative:  Jim Sheeran, Tidewater Finance

Working Groups

When focusing on a key initiative the ORCC uses specialized working groups, which are established with individuals who have special training and experience in the area of review.  These working groups are used on an as-needed-basis and can be dissolved once the goal it was created for was met.

So far, the ORCC has established a "Consumer Complaint Working Group" ; and a "Vendor Management Working Group" jointly with the law committee.

Business Partner Advisory Group

Based on the sensitive issues the committee is reviewing, the ORCC is primarily comprised of active AFSA members (i.e finance companies).  The address the Business Partners compliance concerns and interests, we established an ORCC Business Partner Advisory Group, which works with the AFSA staff and ORCC Chairman.  The new group is informed about ORCC key initiatives via quarterly calls.  Business Partners are eligible to attend ORCC in-person meetings.  

 

Meeting Information

 In-person Meetings and Conference Calls 

Meetings

ORCC members meet in-person three times per year during the following AFSA events:

  • Vehicle Finance Conference - Winter
  • Independents Conference - Spring
  • AFSA's Annual Meeting - Fall

The next-in person meeting will be held on Wednesday, October 29 in conjunction with AFSA’s Annual Conference in Los Angeles

Conference Calls 

The ORCC holds monthly conference calls with finance company members, except when the committee meets in-person.

We hold quarterly calls with our Business Partner members. Please contact us for more information. 

For more information about the ORCC, please contact staff liaison Alejandra Krasnow, Director, Operations Compliance, at [email protected].

 
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