AFSA Celebrates 100th Anniversary Conference October 27, 2016 WASHINGTON, D.C. (October 27, 2016) - The American Financial Services Association (AFSA) just concluded its 100th anniversary Annual Meeting at The Breakers in Palm Beach, Fla. The conference paid tribute to AFSA’s formation as the American Association of Small Loan Lenders, with 41 members in 1916. Today, the association advocates for more than 400 member companies. In the past year, 62 new members joined the association, a record annual increase of membership. “We are proud to be serving our members who have provided access to affordable credit for the last century,” said AFSA President and CEO Chris Stinebert. “With a constantly evolving regulatory landscape, ensuring Americans have access to the credit they need is more important now than ever before. That’s why we’re viewing our 100th anniversary as an opportunity to redouble our efforts ensuring Americans have access to consumer credit.” Attendees were treated to a video tribute, commemorating the century of progress the consumer credit industry has made. AFSA Chairman Nathan Benson also delivered remarks, highlighting the value of AFSA membership. Attendees then heard a keynote address by bestselling author and presidential historian, Michael Beschloss. Traditionally, the Distinguished Service Award (DSA), is awarded at the Annual Meeting. The DSA is the association’s highest honor recognizing individuals who have contributed significantly to the industry and the association’s growth on a national level, advanced its mission and objectives, and elevated its image. The 100th Anniversary celebration included a tribute to all previous DSA winners, many of whom were present at the meeting. The final day of the conference emphasized all aspects of compliance and a discussion of federal regulations impacting AFSA members. David Hixson, Counsel, Office of Regulations at the Consumer Financial Protection Bureau (CFPB) discussed the bureau’s debt collection initiatives. In a general session, Andrea Riley, Chief Marketing Officer with Ally Financial, shared insight about how the company adapts to rapid change in the digital and social media space and its best practices for engaging with consumers. The afternoon session was dedicated to AFSA’s Annual Compliance SpeedSmarts roundtables where experts offered advice on navigating the onset of federal rules and proposals. Topics ranged from the Military Lending Act to the CFPB’s small-dollar and debt collection proposals. Based in Washington, D.C., the American Financial Services Association (AFSA), celebrating its centennial in 2016, is the national trade association for the consumer credit industry, protecting access to credit and consumer choice. Its 400 members include traditional installment lenders, vehicle finance/leasing companies, consumer and commercial finance companies, mortgage lenders and servicers, payment card issuers, industrial banks and industry suppliers. For more information, visit www.afsaonline.org.