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COVER STORY James Gilleran, director, Office of Thrift Supervision and Terry Goddard, Arizona's Attorney General, are among of the expected speakers for the AFSA State Government Relations Forum and NACCA annual meeting, scheduled to take place Sept. 3-5 at the Embassy Suites Hotel in Phoenix, Arizona.
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James Gilleran
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Terry Goddard
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GOVERNMENT/REGULATORY AFFAIRS
On July 24 the House Committee on Financial Services concluded a two-day mark up with the passage of HR 2622, the Fair and Accurate Credit Transactions Act. The bill was approved by a vote of 61-3.
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Legislation to reform the nation's bankruptcy laws has moved its way from the House floor and now awaits action in the Senate.
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Three states—New York, Rhode Island and Connecticut—introduced legislation this year to address technical errors in state law that exposed auto leasing companies to unjustifiable litigation.
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 Sen. Paul Sarbanes (D-Md.) on July 28 introduced legislation to create an intergovernmental coordinating committee whose goal is to improve the financial decision making of all Americans by strengthening educational opportunities to raise financial literacy levels.
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INDUSTRY
UPDATE
National/World Headlines
The Office of the Comptroller of the Currency issued an order on July 31 holding that the Georgia Fair Lending Act does not apply to national banks and proposed a new regulation that would clarify what types of state laws apply to national banks.
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 Almost three quarters of Americans (73%) support tougher bankruptcy laws and if enacted, 79% would be less likely to file for bankruptcy, according to the Cambridge Consumer Credit Index.
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Jeffrey M. Peek will become the CIT Group's president and chief operating officer, as well as a member of the Board of Directors, effective September 3, 2003. In addition to Peek's appointment, CIT Group is implementing a reorganization of the company's senior management structure to create a five-person Office of the Chairman.
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The '03 AFSA Annual Meeting and Leadership Conference, to take place Oct. 25-28 in Washington, D.C., has been designed to meet the growing challenges faced by corporate CEOs and senior managers of the association's member companies.
