AFSA, Trades Comment on TRID RFI January 24, 2020

The American Financial Services Association, along with a number of other trade associations, submitted a comment this week (January 20th) in response to a Request for Information (RFI) from the Consumer Financial Protection Bureau (CFPB) regarding its plan for assessing the “Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act” (Regulation X) and (Regulation Z), the “Truth In Lending Act Rule” (TRID or TRID).

Top Ten Debt Collections Issues in 2020 January 23, 2020

The American Financial Services Association on January 22 hosted the Top Ten Debt Collections Issues in 2020 webinar, with Kelly Knepper-Stephens, VP of Legal and Compliance, TrueAccord, Caren Enloe, Partner, Smith Debnam, and Ethan Ostroff, Partner, Troutman Sanders sharing insight into new and evolving trends. The presenters covered many issues; we’ve provided a short summary below.

LISTEN | Rhonda Ashburn on the AFSA Extra Credit Podcast January 23, 2020

In this episode of the AFSA Extra Credit Podcast, we’re speaking with Rhonda Ashburn, Executive Director of the AFSA Education Foundation. We touch on the power of financial education and look at the many successes the Foundation has had in 2019. We also take a look at the path forward in 2020, when AFSAEF will be celebrating its 30th anniversary.

AFSA Comments on Draft Privacy Legislation January 22, 2020

AFSA submitted a comment on Tuesday to House Energy and Commerce Committee Chair Frank Pallone (D-NJ) and Ranking Member Greg Walden (R-OR) regarding their draft privacy legislation. AFSA commended the Members for their efforts for meaningful reform in this area and offered some suggestions on the bill’s text.

The Whole Lot: Challenges & Opportunities for Dealers January 22, 2020

With the rapidly changing marketplace, what do lenders need to know about their dealer partners? How will dealers be positioning their businesses for the near and long term? Are there new products and services which will change the business model? How will technology change the way dealers operate?

Governor Sees the Problem, Not the Solution January 15, 2020

Earlier this week in comments to North Country Public Radio New York Governor Andrew Cuomo warned that “many New Yorkers are vulnerable to predatory businesses because they are shut out of the banking system.”  To help combat the problem, he introduced a banking proposal to invest $25 million over the next five years in the state's Community Development Financial Institutions, which are largely funded via the U.S. Treasury Department’s CDFI program. AFSA recently published a white paper on subsidized loan programs.