AFSPA
AFSPA
AFSPA
AFSPA
AFSPA Association
Examination of Small-Dollar
Credit Consumers
Payday Lending
Statutes by State
The Association of  ALTERNATIVE FINANCIAL SERVICE BUSINESS OWNERS
"We help you grow your business by providing you with the best information, research, data, support, relationships and by
vetting and presenting the best available product and service providers for the alternative financial services industry
."
Copyright 2016 @ All rights reserved.
Whether you’re a CONSUMER LENDER or a SMALL BUSINESS LENDER, AFSPA is the forum to find the resources you need to succeed.
Over 5,000 members with over 62,000 locations and online operations offering:


*CONSUMER LENDING: CHECK CASHING - TITLE - PAYDAY - RENT.TO.OWN - AUTO - PAWN - INSTALLMENT
BILL PAY - MONEY ORDERS - MONEY TRANSFER - DEBIT - PHONE - PREPAID - TAX SERVICES - INSURANCE
Store Front . Grocery . Bank . Retail . Convenience Store . Pharmacy . Finance . Tax Prep . Hardware . Electronic
*SMALL BUSINESS LENDING: MERCHANT CASH ADVANCE - PEER-TO-PEER LENDING - LINES OF CREDIT,
SMALL BUSINESS LOANS - MICRO LOANS - ACCOUNTS RECEIVABLE FACTORING - CROWD FUNDING
Aug 9
Aug 11
Aug 16
Aug 4
NEWSLETTERS * NEWSLETTERS * NEWSLETTERS
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AFSPA ENDORSED SUPPLIERS
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LINKS
AFSPA Association
BUSINESS SOLUTIONS NEWSROOM
Community Financial Services Association of America
Aug 18
**CONSUMER ALERT:  Fake Debt Collection SCAM  CLICK HERE
Newsroom Keep up with recent news and events on FactorTrust,
Support AFSPA!
The support from these AFSPA members allows us to expand
the work we do for our members and the industry.

Bronze Supporters
*A+Loans, Inc & A+ Financial Services, Inc.
*One Stop Shop: Vero Beach, Florida
*Martin Olear: Dallas, Texas

Silver Supporters






*Texas Organization of Financial Service Centers

Gold Supporters



*Anonymous: Louisiana owner  

Diamond Supporters
*Mike Davidson: Fairfax, VA
*Anonymous: Texas Owner
- 7/28/15

Platinum Supporters
*Anonymous: Louisiana Owner - 8/12/1015

Lifetime Supporters
Aug 10
For OHIO Title Lenders
FACTORTRUST OFFERS ADVANCED LENDPROTECT ATR SOLUTION TO
BETTER ASSESS ABILITY TO REPAY
In Anticipation of CFPB Proposals, FactorTrust Releases New Solution to
Help Short-term, Small-dollar Credit Market

ATLANTA (May 17, 2016) - FactorTrust, the alternative credit bureau, announces the
launch of its LendProtect ATR (Ability to Repay), a comprehensive, innovative solution
for informed lenders that will accelerate assessment of consumers' ability to repay in
preparation of anticipated regulation from the Consumer Financial Protection Bureau
(CFPB).

The
CFPB's proposals under consideration are expected to require the short-term,
small-dollar credit market to take new steps to ensure consumers can repay short-term
loans, vehicle title loans, deposit advance products, certain installment loans and
open-end loans. For each loan, lenders will need to take into account the consumer's
income, major financial obligations and borrowing history, while considering a 60-day
"cooling off period" between loans.

As reported in FactorTrust's latest
Underbanked Index, 31 percent of applicants would be
eligible to borrow after considering the proposed "cooling off" period and residual
income requirements. However, applicant eligibility could reach as high as 40 percent,
if lenders use alternative credit data to optimize underwriting decisions and dynamically
adjust loan amounts, accommodating limited residual income.
To AFSPA members

Get involved and help change the
CFPB proposed rule before it becomes final!

You must act now because the deadline for the
comment period is
October 7th, 2016

The Federal Administrative Procedures Act gives us the
right to push back before the rule becomes set in stone.

As a CFSA or AFSPA member, you will have our support
to effectively share your comments and fight back!

We would like to send you a “FIGHT BACK PACKET”
with information about the CFPB’s comment period and
how to send a letter to the regulators in Washington
to prevent this rule from harming your businesses and denying
your customers access to credit.

We need to count on you to get involved to protect
your business, your customers, and our industry!

If you would like to receive a packet, or have
any questions, please contact CFSA at
1.888.544.2313 or comment@cfsaa.com




CFSA
Charles Halloran
Chief Operating Officer
Protect Your Right to Short-Term Credit
Contact the CFPB today and tell them: "Don't take my credit away!"
Aug 17