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
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BUSINESS SOLUTIONS NEWSROOM
Community Financial Services Association of America
June 13
**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
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.
As you know, the Consumer Financial Protection Bureau (CFPB)
has recently announced a new, highly restrictive proposed rule that
will severely impact your business and limit the availability of short-
term, small-dollar credit to consumers.  

The Federal Administrative Procedures Act gives us the right to
push back before the rule becomes set in stone. As a CFSA
member, you will have our support to effectively share your
comments and fight back!

In a few weeks, a public comment period will begin and continue
through September 14th. Our goal is to generate as many different
comment letters from our member companies, including your
employees and customers.

CFSA and AFSPA are pleased to work together get you more
involved.

    Here’s what you can do TODAY

* Call us toll-free at 1.888.544.2313 for more information or to ask
questions.

* Email us at  
comment@cfsaa.com to ask questions or to get more
information.

CFSA will be able to assist you in the comment period process by
sending your company our “FIGHT BACK PACKET” to start the
process of creating individualized comment letters to be submitted to
the CFPB. Also, we will provide you with important information about
the CFPB proposed rule and other ways to get involved, including a
webinar exclusively for CFSA members.

In order to protect you, your business, and your customers, please
get involved and take action today. Your business and our industry
depends on it.

Sincerely,   Dennis Shaul and Dan McCabe

PS: To learn more about the rule proposal and how to get involved,
visit
www.cfsaa.com
New Federal Regulations Are Here - Fight Back!