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 SEPTEMBER/OCTOBER 2006

HOME | CREDIT ARCHIVES

COVER STORY

Christopher S. Stinebert will become AFSA's new leader, effective November 1. He succeeds Randy Lively, who is retiring after twelve years with the association.
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GOVERNMENT/REGULATORY AFFAIRS
The data shows the proportion of mortgage loans with prices above the HMDA-reporting thresholds increased in 2005, driven, as expected, by changes in interest rate environment.
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A letter urges members to refrain from cosponsoring or supporting HR5746, which seeks to prohibit commercial companies from buying or forming industrial loan companies.
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A September 18th comment letter warned that revisions will be critical to ensuring that the rule implements the Fair and Accurate Credit Transactions Act's requirements without unnecessarily burdening the industry.
More Details More than 50 legislators and industry representatives attended the August 15th dinner, and Representative Donna Stone (DE) delivered the welcoming address. The booth featured financial literacy materials from AFSA members and AFSAEF's MoneySKILL.
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INDUSTRY UPDATE
National/World Headlines
A Javelin Strategy & Research report suggests that other careless and illegal activities trigger far more occurrences of personal loss for consumers; erroneous beliefs lead to ineffective actions.
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The partnership will advance the Foundation's "SHOP for Wealth Program," which helps students at historically black colleges and universities by teaching them to manage their personal finances effectively. The innovative public/private sector partnership plans a rollout in the fall of 2007.
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The program will continue as the "Financial Services Research Program," operating as a distinct unit of the Center for Real Estate and Urban Analysis.
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MEETINGS/CONFERENCES

Thomas Hallman
Newt Gingrich
Frank Luntz
Walter Williams
Fred Grandy
The conference is designed to meet the growing challenges of senior managers of AFSA members and provide opportunities for networking.
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To see a list of future AFSA meetings and events, please go to the AFSA Meetings Listings. For other meetings information, please call the AFSA meetings department at (202) 296-5544 or check the AFSA Web site.

 
AFSA NEWS
Topics at the September
14-15 forum included Sarbanes-Oxley, interest rates and Non-GAAP procedures.
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The group will work with industry and law enforcement officials in the fight against data security issues.
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One company joins as an active member and five come on board as associate members.
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Previously the director of finance for the National Fisheries Institute, Antonio (Tony) Pelegrin will oversee all financial and budgeting activities for AFSA, as well as its Education Foundation and Political Action Committee.
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James M. Browne, who served as
AFSA chairman in 1982, passed away
in August of this year.
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FOUNDATION FOCUS

MoneySKILL® 2007 Revision
to Go "Live" in mid-October
Thanks to its increasing popularity, the MoneySKILL® personal finance course underwent a major revision this past year. The process not only enhanced the program's underlying technology but also the content.
The AFSA Education Foundation's staff targets business education associations' and Jump$tart coalitions' teacher trainings in twenty states across the country.
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Member companies can select from three excellent programs to enroll their executives.
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