AFSA Newsbriefs

AFSA Testifies on Promoting Accountability and Transparency at CFPB

AFSA President & CEO Chris Stinebert testified on Feb. 8 before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit's hearing on �Legislative Proposals to Promote A... (More)

© 2011 American Financial Services Association

Vehicle Finance Division Welcomes New Chair

Andrew Stuart, President & CEO, Volkswagen Credit Inc., was installed as chair of the American Financial Services Association's (AFSA) Vehicle Finance Division Advisory Board at the conclusion of the ... (More)

© 2011 American Financial Services Association

White Paper Details Faith-Based Actions on Financial Services Regulation

On Feb. 7, AFSA published a white paper on recent faith-based organization activities that attempt to increase regulation of the financial services industry. Consumer activist groups have found a new ... (More)

© 2011 American Financial Services Association

AFSA Attends NMLS User Conference

AFSA attended the 4th annual Nationwide Mortgage Licensing System and Registry (NMLS) User Conference and Training, which took place February 6-9 in Scottsdale, Ariz. During the conference, the Confer... (More)

© 2011 American Financial Services Association

States, Feds Announce Details of $25 Billion Mortgage Settlement

Forbes (02/08/12) Fisher, Daniel

State attorneys general and the federal government announced a $25 billion settlement on Feb. 9 with five of the biggest mortgage lenders over �robosigning� foreclosure documents. California and New Y... (More)

© 2011 American Financial Services Association

McConnell, Senate GOP to Support Court Challenge to Recess Appointments

American Banker (02/06/12) Blackwell, Rob

On Feb.3, 39 Republican Senators signed a letter declaring their intent to file an amicus brief supporting any legal challenge to the constitutionality of President Barack Obama's recess appointments ... (More)

© 2011 American Financial Services Association

Comfort Confronts High Anxiety as Consumer Protection Bureau Takes Root

Automotive News (02/08/12) Henry, Jim

At AFSA's Vehicle Finance Conference, which began on Feb. 1, the association said that while it was somewhat reassured by Consumer Financial Protection Bureau (CFPB) representatives, it still had a va... (More)

© 2011 American Financial Services Association

Student Debt: The Next Financial Crisis?

Forbes (02/08/12) Touryalai, Halah

Student loan debt now exceeds credit card debt in the U.S., with total outstanding student loans exceeding $1 trillion for the first time in 2011, indicating that student debt could be the next big fi... (More)

© 2011 American Financial Services Association

A New Attempt to Deal with Foreclosed, Vacant Properties

Progress Illinois (02/07/12) Blake, Matthew

Recently, Illinois governor Pat Quinn introduced Illinois Building Blocks, a pilot program to rehabilitate vacant, foreclosed properties in Cook County and give assistance to homeowners. Chicago has a... (More)

© 2011 American Financial Services Association

Obama Nominates JP Morgan Executive to FDIC Board

Reuters (02/03/12) Lynch, Sarah N. and Clarke, Dave

President Barack Obama announced his final nomination � Jeremiah Norton, currently an executive director for JP Morgan Securities, LLC � to fill the five-member Federal Deposit Insurance Corporation's... (More)

© 2011 American Financial Services Association