American Financial Services Association (AFSA) Statement
on NADA Fair Credit Compliance Program
By Chris Stinebert, AFSA President & CEO
January 24, 2014
“Both vehicle finance lenders and dealers agree that discrimination in any form is unacceptable. AFSA applauds the National Automobile Dealers Association (NADA) for taking a proactive approach to address fair lending concerns raised by regulators over the past year. AFSA believes that NADA’s new proposed Fair Credit Compliance Program is a step in the right direction.”
Based in Washington, D.C., AFSA (www.afsaonline.org) is the national trade association for the consumer credit industry, protecting access to credit and consumer choice. Its 350 members include consumer and commercial finance companies, auto finance/leasing companies, mortgage lenders, credit card issuers, industrial banks and industry partners.
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AFSA Media Statement on NADA Fair Credit Compliance Program