HOME | CREDIT ARCHIVES
COVER STORY  In 2003, AFSA continued to provide a wide range of services for its companies, participated in a number of coalitions with member and non-member institutions to provide industry representation on Capitol Hill and increased support of state associations to protect members against unnecessary or overly burdensome legislation.
More Details
GOVERNMENT/REGULATORY AFFAIRS
 A HUD proposal due out this year to make homebuying simpler, more transparent and more affordable was withdrawn due to the the extensive concerns from Members of Congress, consumer groups and the business community.
More Details
The Federal Reserve announced on March 26 that it will not revise the "clear and conspicuous" standards for Reg Z, the standard implementing the Truth in Lending Act.
Federal Reserve Press Release
AFSA Letter on Proposal Sent to Fed on January 30, 2004
 As part of AFSA membership, individuals have access to StateScape's comprehensive web-based monitoring system—legislative or regulatory tracking in all 50 states and the federal government—every day of the year from anywhere in the world.
More Details
In an ongoing effort to improve communication with state legislators and legislative staff, AFSA has joined the National Conference of State Legislatures' Foundation for State Legislatures as a Sponsor and the NCSL Foundation's Banking and Financial Services Partnership Project.
More Details
The measure, which will open a new market for personal installment lenders, is awaiting the Governor's signature at press time.
More Details
INDUSTRY
UPDATE
National/World Headlines
Chairman and CEO Bill Ford builds upon continuing improvements in company performance with new appointments and realignment of leadership team.
More Details
 As part of their national financial literacy partnership, Capital One and Consumer Action launched a new online initiative offering consumers information and resources on financial education and money management.
More Details
Household's Employee Development Initiatives
Rank Among Top 50 Nationwide Training magazine announced that Household International, a wholly owned subsidiary of HSBC Holdings plc, has been honored on the annual Training Top 100 ranking of companies nationwide due to the company's investment in the training and development of its employees. Ranked at #49, 2003 marks the third consecutive year that Household has appeared on the list.
On April 1, 2004 Countrywide Financial Corporation announced its expansion into the commercial mortgage market with the formation of Countrywide Commercial Real Estate Finance, Inc., a subsidiary of Countrywide Capital Markets, Inc.
More Details
Experian Consumer DirectSM, the leading provider of online direct-to-consumer credit reports and products, announced the average consumer credit scores for 20 major U.S. metropolitan areas according to its National Score Index.
More Details
American Suzuki Motor Corporation (ASMC) announces the launch of a private-label auto finance company formed to achieve the goal of tripling its sales to 200,000 vehicles by 2007 by better meeting the needs of its rapidly growing customer and dealer base.
More Details
MEETINGS/CONFERENCES
Almost 400 people attended the two meetings held at the Renaissance Esmeralda Resort & Spa in Indian Wells, California.
More Details
|
 |
|
|
A ground-breaking online personal finance curriculum aimed at the millions of high school students who graduate each year without an understanding of credit cards, budgeting, insurance or other money management fundamentals was today made available to high schools at no cost by the American Financial Services Association Education Foundation (AFSAEF).
More Details
 The AFSA Independents Section helped raise $19,585 to benefit the AFSA Education Foundation at its annual conference in Indian Wells, CA. The proceeds will help deliver MoneySKILL, AFSAEF's personal finance course, to high school students.
More Details
 AFSAEF is now accepting registrations for the UNC Management Development Program and the National Institute on Consumer Credit Management.
More
Details
Laura Levine will become Executive Director of the Jump$tart Coalition for Personal Financial Literacy. Levine, whose appointment is effective April 21st, will replace Dara Duguay, who is joining a major financial services institution to lead a new initiative that will be announced in early April.
More
Details
 Nearly 300 participants representing corporations, non-profit organizations, governmental agencies and congressional offices attended.
More
Details
Join Our Mailing List
|
Indicates
link outside Credit. Close new window to return.
AFSA's 14th annual Finance Industry Conference for Fixed-Income Investors will be held May 11-13 at the Grand Hyatt Washington in Washington, DC. Twenty-two presenting companies will give updates on their operations and strategies. 
Ronald D. Adams, president of ABC Finance Company in Hopkinsville, Kentucky, is this year's recipient of the American Financial Services Association (AFSA)'s Outstanding Independents Award.
A nationwide survey conducted for the Jump$tart Coalition for Personal Financial Literacy reveals that high school students are demonstrating increased aptitude and ability to manage financial resources.
