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Each participant received an intense educational experience that focused on broadening their management and leadership competencies.
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GOVERNMENT/REGULATORY AFFAIRS
 Bill Himpler pointed to analysis by the Federal Reserve, including the fact that nearly 70 percent of Americans now own their own homes.
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 Former FDIC general counsel John Douglas represented AFSA at a July 12 House Financial Services Subcommittee hearing on industrial banks. Douglas said the nation's existing system of laws provided ample protection for commercial ownership of industrial banks.
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 Committees on both sides of the Capitol continue to cling to text in their versions of these bills, forcing the issue to the sidelines—for now.
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A July 19 hearing brings the interchange fees issue to the Judiciary Committee, which is studying possible implications.
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INDUSTRY
UPDATE
National/World Headlines
Under the terms of the agreement, CIT will begin as the exclusive financing partner for Microsoft in France and Switzerland and is expected to expand to other major markets by the end of 2007.
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CFS will contribute $420,000 over three years to help fashion a financial education curriculum targeted toward youths 18 years and under.
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The not-for profit cites the mortgage company as one of its winners of the President's Volunteer Service Award at a JA board meeting in June 2006.
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With the help from Scion Solutions, Whyvillians—a virtual, online world for children ages 8-14—who do not have enough clams to buy Scions outright will be able to finance them.
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MEETINGS/CONFERENCES
Newt Gingrich
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Fred Grandy
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Former Speaker of the House, Newt Gingrich, and former Member of Congress and television star, Fred Grandy, will highlight this year's AFSA annual meeting on October 28-31 in Washington, DC.
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The AFSA Vehicle Finance conference will meet just prior to the NADA Convention and Exposition in Las Vegas, NV on January 31 through February 2, 2007.
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The sessions will be held March 21-24, 2007, and more information will be available from the AFSA Meeting Department in the fall of this year.
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AFSA
NEWS
 Ben F. "Buddy" Cheek, IV, has recently been approved to replace his father on the AFSA Board.
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Chaired by Paul Zalle, New Century Mortgage, the committee heard reports from the PCAAOB, the Credit Research Center and a panel discussion.
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The meeting included informative speakers and a tribute to AFSA's president and CEO.
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 Section Chair, Nathan Benson, welcomed new board members and directed the group in developing both goals and a plan of action for next year.
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The latest associate member of AFSA is Hovde Financial.
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 Alain Taylor, AFSA's new Director of Membership Services, brings extensive association background to his new position.
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FOUNDATION
FOCUS
AFSAEF staff offered training to more than 500 teachers in a variety of locations throughout the country as well as to the Resident Lenders in North Carolina.
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