American Financial Services Association

Leading Financial Services Trade Organizations Challenge Colorado’s Interest-Rate Caps on Out-of-State Banks

Retrieved on: 
Monday, March 25, 2024
Banking, Legal, Professional Services, Finance, American Financial Services Association, BNPL, Organization, Congress, Oliver Cromwell, Sullivan & Cromwell, Holland & Knight, HB, Davis Wright Tremaine, House, DIDMCA, Lawyer, Louisiana House of Representatives, National Association, Perlmutter, Ed Perlmutter, Representative, Senate

Three leading trade organizations for the financial services industry filed a lawsuit in federal court today, challenging a new Colorado statute that violates federal law by imposing interest-rate and fee caps on loans made to Colorado residents by state-chartered banks, including banks outside Colorado.

Key Points: 
  • Three leading trade organizations for the financial services industry filed a lawsuit in federal court today, challenging a new Colorado statute that violates federal law by imposing interest-rate and fee caps on loans made to Colorado residents by state-chartered banks, including banks outside Colorado.
  • Plaintiffs in the case are three trade associations: The National Association of Industrial Bankers; the American Financial Services Association; and the American Fintech Council.
  • With the caps imposed by HB 23-1229, plaintiffs’ members will no longer be able to offer these mainstream products to higher-risk Colorado consumers.
  • “Because the law’s interest rate caps apply only to state-chartered banks, national banks will be able to continue charging the rates permitted under federal rules.

Rindone Takes the Driver's Seat as CU LIFT Fund President

Retrieved on: 
Tuesday, April 2, 2024
American Financial Services Association, CUNA Mutual Group, AFSA, Credit, CUSO, Love, CDK Global, Movement, Bank

AUSTIN, Texas, April 2, 2024 /PRNewswire/ -- CU LIFT Fund, the funding-as-a-service CUSO committed to helping credit unions grow their auto loan portfolios, is pleased to announce the appointment of Paul Rindone as company president. Rindone will lead the company as it revolutionizes the way credit unions make direct auto loans.

Key Points: 
  • AUSTIN, Texas, April 2, 2024 /PRNewswire/ -- CU LIFT Fund , the funding-as-a-service CUSO committed to helping credit unions grow their auto loan portfolios, is pleased to announce the appointment of Paul Rindone as company president.
  • "His skill and expertise truly put him at the intersection of all we do at CU LIFT Fund.
  • Prior to CU LIFT Fund, Rindone was a Vice President of Fintech Solutions at TruStage, focusing on automotive.
  • Klinkhammer added, "CU LIFT Fund is committed to bringing together the brightest minds in the industry.

AFSA Urges Transparent CFPB Rulemaking Process

Retrieved on: 
Wednesday, March 6, 2024
AFSA, American Financial Services Association, Consumer, Privacy, Consumer Financial Protection Bureau, Federation, CFPB

WASHINGTON, March 6, 2024 /PRNewswire/ -- In response to vague, overreaching Consumer Financial Protection Bureau (CFPB) policies that are harming – not helping – consumers, the American Financial Services Association (AFSA) today issued a call for the agency to use the traditional, consultative rulemaking process to set clear rules of the road for financial services and other industries the CFPB regulates. 

Key Points: 
  • "Instead of attempting to set rules through one-off and nontransparent enforcement proceedings or overly broad and unclear guidance, AFSA and its members want the CFPB to use the well-accepted administrative rulemaking process when needed so that all players – consumers, businesses, advocacy groups and policymakers – can provide input," said AFSA President and CEO Bill Himpler.
  • Over the past year, the CFPB has launched enforcement actions that cite business practices it alleges are violations, but which are legal under state laws.
  • As part of a national education effort, AFSA members are reiterating their industry's long-held Consumer Credit Protections, which the more-than-a-century-old trade group says should help guide the CFPB in its rulemaking process.
  • All we're asking is that the CFPB fulfill its responsibility and give us clear rules to follow."

Agora Data Announces Sharon Mancero as Managing Director to Drive Innovation and Growth in Auto Finance Solutions for Lenders

Retrieved on: 
Tuesday, March 5, 2024
NAF, Agora, AFSA, Wells Fargo, Chairperson, Growth, American Financial Services Association, Bank

ARLINGTON, Texas, March 5, 2024 /PRNewswire/ -- Agora Data, a fintech company that provides technology, capital, and guidance with predictable loan performance and analytics for the subprime automotive industry, announces the appointment of Sharon Mancero as Managing Director.

Key Points: 
  • ARLINGTON, Texas, March 5, 2024 /PRNewswire/ -- Agora Data, a fintech company that provides technology, capital, and guidance with predictable loan performance and analytics for the subprime automotive industry, announces the appointment of Sharon Mancero as Managing Director.
  • Mancero joins Agora with an impeccable finance background and deep auto industry experience.
  • She will help introduce strategic initiatives that best leverage Agora's assets and auto financing talents to optimize portfolios and balances sheets for small to mid-sized institutions including banks, credit unions, and finance companies.
  • Mancero spent more than 30 years at Wells Fargo, 20 of which were in the Asset-Backed Finance group providing senior lending facilities to consumer finance companies in the U.S. and Canada.

Stone-Goff Portfolio Company MojoTech Adds Independent Board Member

Retrieved on: 
Tuesday, December 5, 2023
Professional Services, Apps, Applications, Technology, Software, Finance, Fintech, Artificial Intelligence, Aspiration, Inc., KPMG, Engineering, Entrepreneurship, Booz, Strategy&, Learning, Student, Faculty, Mentorship, Partner, SGP, Zensar Technologies, Machine learning, Auburn University, Digital Consulting Institute, Digital, UI, Accenture, Growth, AI, American Financial Services Association, NTT, Cryptocurrency

Stone-Goff Partners ("SGP”), a growth-oriented private equity firm focused on tech-driven business-to-business services companies, today announced the appointment of Dan O’Keefe to the Board of Directors of MojoTech, a premier custom fintech software development agency and a portfolio company of SGP.

Key Points: 
  • Stone-Goff Partners ("SGP”), a growth-oriented private equity firm focused on tech-driven business-to-business services companies, today announced the appointment of Dan O’Keefe to the Board of Directors of MojoTech, a premier custom fintech software development agency and a portfolio company of SGP.
  • He also served as part of the management committee and Board of Directors.
  • MojoTech is a 100% US-based software development company specializing in fintech product development, application modernization, machine learning, AI engineering, and UI/UX design.
  • "Dan’s experience and expertise brings immediate benefits to MojoTech as the company continues to identify opportunities for both organic and strategic growth," said Laurens Goff, Co-Founder and Managing Partner of SGP.

Zennify Appoints Salesforce Alum Michael Rouleau as Chief Revenue Officer

Retrieved on: 
Tuesday, August 15, 2023
Customer success, Senior, Financial services, Convergent Technologies Operating System, NCino, Bank of America, American Financial Services Association, Growth, Bank, Salesforce, Accenture, Management

SACRAMENTO, Calif., Aug. 15, 2023 /PRNewswire/ -- Zennify, a leading Salesforce and nCino consultancy, today announced the addition of Michael Rouleau as Chief Revenue Officer. Rouleau is a seasoned go-to-market leader with a unique portfolio of experience. 

Key Points: 
  • SACRAMENTO, Calif., Aug. 15, 2023 /PRNewswire/ -- Zennify, a leading Salesforce and nCino consultancy, today announced the addition of Michael Rouleau as Chief Revenue Officer.
  • Most recently, Rouleau served as Senior Vice President of Customer Success at Salesforce, leading the North American Financial Services Operating Unit.
  • "I've worked with the Zennify team over the years as the go-to partner for financial institutions," said Michael Rouleau, CRO, Zennify.
  • As the Chief Revenue Officer, Rouleau, with the executive team, will provide a structure and cadence to allow Zennify to take advantage of its excellent reputation in the market.

Jacob Turley Joins Cetera Financial Specialists

Retrieved on: 
Thursday, July 13, 2023
American Financial Services Association, Weber State University, University, Cetera Financial Group, Master of Taxation, CFS, CPA, Science

LOS ANGELES, July 13, 2023 /PRNewswire/ -- Cetera Financial Group (Cetera), the premier financial advisor Wealth Hub where financial advisors and institutions can optimize professional control and value creation, announced today that Jacob Turley* has joined the West division of Cetera Financial Specialists. Turley, who provides financial planning services to clients with nearly $25 million in assets**, was previously affiliated with Avantax Investment Services.

Key Points: 
  • LOS ANGELES, July 13, 2023 /PRNewswire/ -- Cetera Financial Group (Cetera), the premier financial advisor Wealth Hub where financial advisors and institutions can optimize professional control and value creation, announced today that Jacob Turley* has joined the West division of Cetera Financial Specialists.
  • Turley, who provides financial planning services to clients with nearly $25 million in assets**, was previously affiliated with Avantax Investment Services.
  • "Jacob's passion for guiding his clients to achieve their ideal financial future through manageable, tax-smart steps ensure he'll fit in well at CFS," said Ron Krueger, president of CFS.
  • Turley has more than a decade of experience in the financial industry, starting out as a CFP® professional and CPA at American Financial Services before moving to Avantax Investment Services in 2012.

17th Annual Conference of African American Financial Professionals to Focus on Reclaiming Black Wealth

Retrieved on: 
Monday, July 10, 2023
Linda, Knowledge, American Financial Services Association, Market, Education, Life, Financial services, DC, The American College of Financial Services, Finance, Digital Communication Network, Retirement, American College, Trailblazer, Empowerment, Conference, Management, Black

KING OF PRUSSIA, Pa., July 10, 2023 /PRNewswire/ -- The largest gathering of Black and African American leaders, visionaries, and trailblazers across financial services returns in-person to continue the pursuit of equity, innovation, and generational impact. Hosted by The American College of Financial Services— a nonprofit, accredited institution delivering an educational and impact platform for financial professionals, nonprofit leaders, and consumers —the Annual Conference of African American Financial Professionals (CAAFP) will be held in Chicago, IL, August 7-9, 2023.

Key Points: 
  • Hosted by The American College of Financial Services— a nonprofit, accredited institution delivering an educational and impact platform for financial professionals, nonprofit leaders, and consumers —the Annual Conference of African American Financial Professionals (CAAFP) will be held in Chicago, IL, August 7-9, 2023.
  • This marks the 17th year of The College hosting this premier event and since its founding, the CAAFP has served to advocate and advance the charge for increased representation of Black and African American professionals in the financial services industry.
  • This year's conference theme is "Reclaiming Black Wealth" and is a follow-up to a tremendously successful gathering last year in Washington, DC, focusing on empowering Black communities, businesses, and individuals.
  • "The Conference of African American Financial Professionals has continued to grow and innovate over two decades.

Digital Advertising Alliance Honors Experian and SVP Tony Hadley with First 'DAA Privacy Icon' Award

Retrieved on: 
Wednesday, May 4, 2022
Compliance, Interactivity, Senior, EMEA, Consumer Bankers Association, NEW, American Advertising Federation, Policy, Network Advertising Initiative, Internet Advertising Bureau, United States Chamber of Commerce, Public policy, Association of National Advertisers, Association, CIPP, Program, DAA, ANA, Consumer Data Industry Association, Industry, Commerce, Consumer protection, Leadership, Advertising, Interactive Advertising Bureau, 4A, Digital Advertising Alliance of Canada, American Financial Services Association, Hadley, Digital, Experian, Privacy

NEW YORK, May 4, 2022 /PRNewswire/ -- The Digital Advertising Alliance (DAA) today recognized Experian and Tony Hadley, Experian's Senior Vice President of Public Policy, with its first annual "DAA Privacy Icon" award. The award recognizes Hadley for his career of contributions to the DAA's work and industry efforts to strengthen consumer protection, self-regulation, and responsible data use, as well as Experian's ongoing support of the DAA's Self-Regulatory Principles and program.

Key Points: 
  • Award Recognizes Hadley's Career of Contributions to Consumer Protection, Self-Regulation, Responsible Data Use
    NEW YORK, May 4, 2022 /PRNewswire/ -- The Digital Advertising Alliance (DAA) today recognized Experian and Tony Hadley, Experian's Senior Vice President of Public Policy, with its first annual "DAA Privacy Icon" award.
  • "We are honored to recognize Tony and Experian with this award for their leadership and support for thework of the DAA and other important initiatives in our field."
  • In his role at Experian, Hadley has led the regulatory agenda relating to consumer reporting, financial markets, direct marketing and advertising, e-commerce, and privacy for 15 years.
  • The Digital Advertising Alliance (DAA) is an independent not-for-profit organization which establishes and enforces responsible privacy practices for relevant digital advertising, while giving consumers information and control over the types of digital advertising they receive.

Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows

Retrieved on: 
Tuesday, April 26, 2022
Family, AFSA, Generation Z, Auto Trader, Cox Automotive, Research, American Financial Services Association, Organization, Diving, Internet, EDT, Income, Multimedia, Industry, E-commerce, View, Time, Car dealership, Marketing, Online shopping, Real estate, Experian

Newly released Cox Automotive Car Buyer Financing Journey Study explores the steps of the financing journey and measures consumers' satisfaction with the overall vehicle financing process.

Key Points: 
  • Newly released Cox Automotive Car Buyer Financing Journey Study explores the steps of the financing journey and measures consumers' satisfaction with the overall vehicle financing process.
  • New Cox Automotive Car Buyer Financing Journey Study explores auto financing journey and measures consumer satisfaction.
  • The new Cox Automotive Car Buyer Financing Journey Study explores the steps of the financing journey and measuresconsumers' satisfaction with the overall vehicle financing process.
  • This extensive study measured buyers' satisfaction with the vehicle financing steps taken, including the lender selection process and resources used to obtain vehicle financing.