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COVER STORY  Former senator Fred Thompson (R-TN), former representative Dick Armey (R-TX) and CNN talk show host Tucker Carlson are among the speakers for AFSA's 88th Annual Meeting and Leadership Conference taking place October 23-26 at The Palace Hotel in San Francisco, CA. In addition, Tuesday, October 26 is committee day, with AFSA's Committees of Professional Interest meeting that morning and afternoon.
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GOVERNMENT/REGULATORY AFFAIRS
 AFSA was invited to the White House to witness President George W. Bush sign the Identity Theft Penalty Enhancement Act in to law on July 15, 2004. Bill Himpler, AFSA's Senior Vice President of Federal Government Affairs, Tom Hallman, CIT's Vice Chairman & Group CEO, Specialty Finance and John Collingwood, MBNA's Senior Vice President were in attendance.
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 Congressman Richard Baker (R-LA), introduced a bill designed to fend off attacks on the secondary market entitled the "Mortgage Market Protection Act," H.R. 4719, on June 25, 2004.
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An appellate court justice issued a July 21st decision to strike down Toledo's mortgage lending ordinance. Toledo has indicated it will appeal the decision.
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This summer has seen an explosion in rulemaking as required by the FACT Act. AFSA has stayed on top of it all, and continues to solidify the voice of the financial services community for the regulators.
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AFSA Hosts a Financial Literacy Booth at NCSL Conference
The booth featured a demo of the AFSA Education Foundation's MoneySKILL program, along with flyers and brochures in English and Spanish from AFSAEF and AFSA member companies. The 2004 conference of the National Conference of State Legislators took place at Salt Lake City, July 20-23.
 As part of an ongoing effort to curb predatory lending and increase accountability in its mortgage insurance programs, The Department of Housing and Urban Development published a final rule that makes lenders accountable for appraisals on mortgages insured by the Federal Housing Administration (FHA). The rule becomes effective August 19, 2004.
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INDUSTRY
UPDATE
National/World Headlines
Household International, Inc., a wholly owned subsidiary of HSBC North America Holdings Inc., announced August 3 that its retail services business has signed Kawasaki Motors Corp., U.S.A., to another multi-year, private-label financing agreement. Kawasaki is a leading distributor of motorcycles, ATVs, utility vehicles and personal watercraft.
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Ford Motor Credit Company announced on August 2 that the banking authority in China, the China Banking Regulatory Commission, has approved the company's initial application to provide auto financing in China.
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Countrywide Home Loans, Inc., a national leader in residential finance, and Century 21 All Islands announced the formation of Western Paradise Financial, an operating division of Countrywide Mortgage Ventures, LLC. The joint venture between Countrywide and Century 21 All Islands will enable home buyers and sellers to access a wide array of home financing programs, while simplifying the entire process of buying or selling a home.
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MEETINGS/CONFERENCES
 The Forum will be held September 29-October 1 in conjunction with the National Association of Consumer Credit Administrators' (NACCA) Annual Meeting at Trump International Sonesta Beach Resort in Sunny Isles Beach, FL. The FACT Act, lobbying tools, predatory lending, preemption and a host of other pertinent issues facing the industry will be covered.
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AFSA
NEWS
This fall AFSA will host seminars throughout the country on the many new compliance requirements for creditors under the Fair and Accurate Credit Transactions (FACT) Act. Speakers will include several noted industry experts from law firms including: Morrison & Foerster, Hudson Cook, O'Connor & Hannan, and Sidley Austin Brown & Wood.
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New members to AFSA include Budget Credit Loans and SouthBanc Mortgage. New associate members include Benchmark Consulting International, Browne & Associates, GHR Systems, Glasser Legal Works, KM Consulting Group, and Personal Tax Service, Inc. AFSA also welcomes NACHA, the Electronic Payments Association as a new affiliate member.
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 A national standard for auto finance electronic contracting won final approval last month, providing the captive finance companies of auto manufacturers with guidelines that could save them an average of $11-18 million annually.
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George Halloran, Vice President, Global Strategic Planning for Ford Financial has been appointed to serve on the board and AFSA Executive Committee. He replaces Greg C. Smith of Ford Motor Company.
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FOUNDATION
FOCUS
This summer, more than 200 teachers have gone through the one-hour MoneySKILL teacher training in Madison, Wisconsin and Morgantown, West Virginia at one week programs focused on high school teachers of economics and personal finance.
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 Laura Levine, Jump$tart's new Executive Director, candidly discusses her goals for Jump$tart in the upcoming year.
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This year's class leaders share their thoughts about the AFSA/UNC Management Development Program held July 6-17 and the National Institute on Consumer Credit Management (NICCM) held June 8-13.
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