ABOUT THE AFSA COMMITTEES AT THE FORUM
Ancillary Products Working Group
The Ancillary Product Working Group, formed in February 2011, reviews litigation and state and federal legislative and regulatory issues regarding ancillary products in all business lines (e.g., credit insurance, debt cancellation agreements, guaranteed asset protection (GAP) agreements, extended service contracts, etc.). The working group holds conference calls monthly and as needed and meets annually in-person in May/June.
The Law Committee deals with all aspects of the legal environment facing the industry, including legislative issues, regulatory matters, and litigation. The committee helps to create and develop AFSA’s judicial, legislative and regulatory policies and strategies that affect AFSA member companies. Among the benefits of participation in the Law Committee are remaining up-to-date on issues that confront member companies each day, opportunities to network, and exchange ideas with other in-house counsel in the industry.
The purpose of the Operations and Regulatory Compliance Committee (ORCC) is to address the policies, guidance, enforcement actions and regulations issued by federal government and agencies that impact the association’s members. The committee assists member companies in dealing with compliance issues the industry faces by developing industry resources and educational materials.
State Government Affairs Committee
The State Government Affairs (SGA) Committee serves as a forum to address state legislative and regulatory issues that affect AFSA member companies. It comprises four subcommittees: Mortgage Lending/Servicing, Payment Card, Traditional Installment Lending, and Vehicle Finance. The Committee reviews legislation; analyzes legislative trends; gathers political intelligence; formulates strategy and issues management materials; identifies and recommends industry-wide positions on state legislation and regulatory issues; develops issues management materials to support state and local lobbying activities; and engages in direct advocacy where appropriate. The Committee holds in-person meetings three times a year.
Learn more about AFSA Committees