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american financial services association

103 Lawmakers Call on CFPB to Eliminate Mandatory Arbitration

WASHINGTON, D.C. — On Wednesday, more than 100 members of Congress called on the Consumer Financial Protection Bureau (CFPB) to proceed with its effort to eliminate forced arbitration. In two separate letters, 103 members of the House of Representatives and U.S. Senatepraised CFPB Director Richard Cordray for his agency’s proposed rule prohibiting mandatory arbitration clauses in finance contracts. ... Read More »

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CFPB Issues Proposal to End Forced Arbitration

ALBUQUERQUE, N.M. — As expected, the Consumer Financial Protection Bureau used its 34th field hearing to issue its proposed rule prohibiting mandatory arbitration clauses in finance contracts. Companies will still be able to include such clauses in their contracts under the bureau’s proposal; they just won’t be able to use such agreements to stop consumers ... Read More »

CFPB to Oversee Nonbank Auto Finance Companies

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB)’s proposal to extend its supervision to any nonbank auto finance company that makes, acquires or refinances 10,000 or more loan or leases in a year has cleared its last hurdle, with the bureau publishing this week its finalized rule and the examination procedures it will follow ... Read More »

The Light at the End of the Tunnel

Industry Groups Question Study on Discrimination in Auto Lending

Compliance, Technology to Headline Vehicle Finance Conference

AFSA Launches New Compliance Committee

CFPB Investigating Ally Financial

Industry Reacts to S&P Downgrade

AFSA's 2010 Conference to Address Industry's Top Challenges