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
May 11
May 17
May 4
May 10
May 16
NEWSLETTERS * NEWSLETTERS * NEWSLETTERS
CLICK HERE to Support our Work
AFSPA ENDORSED SUPPLIERS
SUPPORT AFSPA
LINKS
AFSPA Association
BUSINESS SOLUTIONS NEWSROOM
Community Financial Services Association of America
May 12
**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
May 23
For OHIO Title Lenders
TAKE ACTION!
Get Involved in the CFPB Rulemaking ‘Comment Period’

For over 16 years, the Community Financial Services Association
of America has been the industry’s guardian at critical junctures where politics
and policy intersect. CFSA continues to be the primary advocate for licensed
and regulated nonbank lenders, providing a reasoned and rational voice on
short-term credit issues.

As the Consumer Financial Protection Bureau prepares to release proposed
federal rules that will govern the short-term, small dollar lending industry, CFSA
and its affiliated members are asking industry participants to get involved.
Taking part in the rulemaking comment period is the most important
contribution any one person or business can make to prevent overly restrictive
regulations from being enacted

After the CFPB releases its proposed regulations, it is followed by a 'Comment
Period'. "Once the Bureau issues its proposed regulations, the public will be
invited to submit written comments
which will be carefully considered before
final regulations are issued
."

We want YOU to be prepared to take action and participate in the rulemaking
process by submitting a comment letter, after the proposed rules are released,
and if they are detrimental to the industry and your business. AFSPA has
partnered with CFSA to bring you more information about how to get involved
in the rulemaking comment period..

Check your AFSPA newsletters for details, or
contact Dan McCabe at 757-737-4088
WHAT IMPACT WILL THE NEW CFPB RULES HAVE?
Learn What It Could Mean For Your Business and Your
Customers
Visit www.CFPBRealityCheck.com and
www.CreditStrengthensCommunities.com
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.