AFSA’s Legal & Regulatory Affairs Department deals with all aspects of the legal environment facing the industry, including legislative issues and regulatory matters. AFSA maintains high-level relationships with regulatory agencies and industry trade groups enabling AFSA staff to provide leadership and expertise to government and consumer advocacy groups (comment letters, amicus briefs, white papers, testimony)
Much of AFSA's legal and regulatory work is done through the AFSA Law Committee. The Law Committee helps to create and develop AFSA’s judicial, legislative and regulatory policies and strategies that affect AFSA member companies. Among the benefits of participation in the Law Committee are remaining up-to-date on issues that confront member companies each day, opportunities to network, and exchange ideas with other in-house counsel in the industry. General counsels or designees of AFSA Members who are licensed attorneys at law qualified to practice law in any federal or state jurisdiction are eligible for membership.
The Law Committee also has six subcommittees: Vehicle Finance, Payment Card, Emerging Issues, Mortgage Lending, Personal Loan and Litigation.
If you are a finance company member interested in learning more about the Law Committee and subcommittees, contact Celia Winslow, Vice President, Legal and Regulatory Affairs.
AFSA Letter to CFPB Re: Generic Clearance for Consumer Complaint and Information Collection Systems (December 23, 2011)
AFSA and NAIB Letter to FSOC Re: Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (December 19, 2011)
AFSA Letter to CFPB Re: Mortgage Disclosure Team Prototype Designs for Settlement Disclosure Form (November 16, 2011)
AFSA Comment Letter to CFPB Re: Disclosure Notice, State Officials Notice, Adjudication Notice, and Investigations Notice (September 26, 2011)
AFSA Letter to Federal Agencies Re: Credit Risk Retention (August 1, 2011)
AFSA and NAIB Letter to Federal Reserve Board of Governors Re: Definitions of “Predominantly Engaged in Financial Activities” and “Significant” Nonbank Financial Company and Bank Holding Company (March 30, 2011)
AFSA Letter to FTC Re: Motor Vehicle Roundtables (March 28, 2011)
AFSA Letter to Federal Reserve Board of Governors Re: Interim Mortgage Disclosure Improvement Act Rule to Clarify Certain Provisions of the September 2010 Interim Rule (February 28, 2011)
AFSA Letter to FSOC Re: Notice of Proposed Rulemaking Regarding Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (February 25, 2011)
Joint Trades Letter to Federal Reserve Board of Governors Re: Proposed Rule on Debit Card Interchange Fees (February 22, 2011)
AFSA Comment Letter to Federal Reserve Board of Governors Re: Debit Card Interchange Fees and Routing (February 22, 2011)
AFSA and MBA Letter to CFPB re: Consumer Inquiry and Complaint Database (February 9, 2011)