Pdf about the afsa vehicle finance division

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Protecting Credit Since 1916
ABOUT THE AFSA
VEHICLE FINANCE DIVISION
Founded in 1916, the American Financial As a result of these initiatives, AFSA provides
Services Association (AFSA) is the national its members a forum for analysis and response
trade association for the consumer credit to regulatory and legislative issues through
industry, protecting access to credit awareness, education and the exchange of
and consumer choice. The Association ideas relevant to providing access to credit in
encourages and maintains ethical business the vehicle finance industry.
practices and supports financial education for
consumers of all ages. The division includes over 100 companies
including: captive vehicle finance companies,
The AFSA Vehicle Finance Division supports auto finance subsidiaries of banks,
member companies involved in the indirect independent auto finance companies and
financing and leasing of new and used dealer finance companies - retail and
vehicles through various initiatives at the wholesale.
federal and state levels. These initiatives
include representation on Capitol Hill and in Chaired by Charles W. (Chuck) Jones, Head
state capitals, outreach and engagement with of National Indirect Lending, SunTrust
regulatory agencies, conferences and forums Banks, Inc., the Vehicle Finance Division
focused on the industry, and proactive media Board of CEOs and top management
relations programs. ensures that the division stays focused on
issues of critical importance to members.
LEGAL AND LEGISLATIVE AFFAIRS TO
BENEFIT VEHICLE FINANCE COMPANIES
AFSA leads many national legislative and The indirect lending model is under attack by
regulatory efforts in Washington that affect federal regulators. AFSA remains the only
vehicle finance companies including fair organization defending industry practices to
lending issues by the Consumer Financial Congress and the federal agencies.
Protection Bureau (CFPB) and Federal
Trade Commission (FTC) as well as
arbitration, voluntary protection products,
compliance, cyber-security, leasing, lending
to the military, modernizing the Telephone
Consumer Protection Act (TCPA), negative
equity, risk-based pricing, privacy issues
and titling.
The Trump Administration, as well as the expansion of credit is by restructuring the
115th Congress, provides AFSA with a unique CFPB (The Bureau). The association has
opportunity to shift its focus from protecting long advocated for a five-member
access to credit to expanding access to credit commission structure at the bureau, which
for Americans nationwide. The new legislative would ensure regulatory fairness for both
and regulatory environment in Washington business and the consumer. Additionally,
will allow AFSA to lead the way, working placing the CFPB under the budget purview
with lawmakers and policymakers to bring of Congress will ensure transparency and
balance to the regulatory environment and roll accountability.
back regulations that have made credit more In 2014, AFSA commissioned a study by
expensive and less available. Charles River Associates on Fair Lending in
AFSA is pursuing a variety of strategies in
the Indirect Auto Lending Market to assess
the effectiveness of the present model and
order to forward this goal. One of the most evaluate the costs and benefits of alternative
impactful ways AFSA can push toward the approaches. AFSA remains opposed to
discrimination of any kind and is committed
AFSA to optimizing consumers' access to
affordable credit, and dedicated to ensuring
IN THE MEDIA credit markets function competitively and
efficiently for all consumers, automotive
AFSA maintains an active relationship with the dealers and finance sources.
media covering the retail channel of the auto
industry. Auto finance media are invited to the
AFSA Vehicle Finance Conference & Expo.
AFSA representatives travel to Detroit and New
York to speak with the media about industry AFSA WORKS DIRECTLY
issues and to attend major auto shows. AFSA
maintains several associate memberships in WITH NADA AND NIADA
regional auto writer associations around the
country. AFSA has a very close relationship with the
National Automobile Dealers Association
ACTIVE AT THE (NADA). Members currently work with NADA
on a coalition called AWARE (Americans
STATE LEVEL Well-Informed on Automobile Retailing
Economics). The purpose of which is to build
AFSA's State Government Affairs (SGA) understanding of the benefits of motor vehicle
Department works on behalf of members dealership financing among consumers,
on issues in all 50 states. Members have policymakers, media, and other opinion
access to AFSA Track by KSE, leaders so that this financing remains available
the association's customized legislative and competitively priced for the broadest
tracking system, and a wealth of issues possible spectrum of consumers.
management resources, including white
papers, talking points, and 50-state AFSA and its Independent Auto Finance
surveys. SGA also engages in direct Executive Group coordinate joint meetings
advocacy through comment letters and and discussions on areas of common interest
testimony, in conjunction with its partners with the National Independent Automobile
at the state level. Top issues include all-in Dealers Association (NIADA).
rate caps,
California Privacy Law and monitoring
and respondin gto actions of the State
Attorneys General.
THE AFSA VEHICLE FINANCE
CONFERENCE & EXPO
IS AFSA'S LARGEST EVENT
The Vehicle Finance Conference & Expo,
scheduled February 12-14, 2020 at the Bellagio
in Las Vegas., is the annual conference for
members of the Vehicle Finance Division and COMMITTEES, BOARDS
the general auto financing industry
(vehicle.). AND WORKING GROUPS
This conference is held in conjunction with
National Automobile Dealers Association AFSA provides several specialized boards,
(NADA) Show. The conference sets the tone committees and working groups specifically
and direction for the auto finance industry for for vehicle finance division members.
the upcoming year through the sharing of key
industry trends, compliance and regulatory These include:
activities as well as industry best practices
among the top auto finance sources, their * Vehicle Finance Division Board
business partners and the NADA leadership. * Independent Auto Finance Executive
Group
Over 600 CEOs and top management from * National Title Solutions Forum
vehicle finance and leasing companies and * Vehicle Commercial Credit Committee
banks as well as leaders from NADA and * Vehicle Credit Risk Management
other dealer groups attend this conference. Committee
This includes: attorneys, government affairs, * Vehicle Law Subcommittee
compliance, human capital management, * Vehicle State Government Affairs
marketing/sales, remarketing, and risk Subcommittee
management executives. * Vehicle Finance Technology Task Force
This conference is open to all AFSA
members and non-members including auto
finance executives, business partners and
auto dealers. The AFSA Vehicle Finance
Division Board, Vehicle Credit Risk
Management and Commercial Credit
Committees meet in conjunction with this
conference.
For more information, visit or
contact the AFSA member services department at
membership@ or call (202) 466-8602. Protecting Credit Since 1916
Protecting Credit Since 1916
AFSA VEHICLE FINANCE
DIVISION MEMBERS
February 2019
CAPTIVE VEHICLE FINANCE MEMBERS AUTO FINANCE COMPANIES
A
American Honda Finance Corp. American Credit Acceptance LLC
BMW Financial Services American Financial
Caterpillar Financial Services Corporation AuctionCredit
Ford Motor Credit Company LLC Auto Trakk, LLC
GM Financial Automotive Finance Corporation
Harley-Davidson Financial Services, Inc. Byrider Finance LLC dba CNAC
Hyundai Capital America Carfinco Financial Group (International)
John Deere Credit C&F Finance Company
Kubota Credit Corporation CarMax Auto Finance
Mercedes-Benz Financial Services USA, LLC Carolina Finance, LLC
Nissan Motor Acceptance Corporation Challenge Financial Services
Porsche Financial Services Coastal Credit LLC
Southeast Toyota Finance Coastal Finance Company, Inc.
Toyota Financial Services CRB Auto
Volvo Car Financial Services U.S., LLC Credit Acceptance Corporation
VW Credit, Inc. Equity Auto Finance
BANKS
Exeter Finance Corp.
lly Financial Inc.
Fair Financial Corp.
Anderson Brothers Bank
FinancePoint, Inc.
Bank of America Dealer Services
First Help Financial, LLC
Bank of the West
Flagship Credt Acceptance
BB&T Dealer Financial Services
Foursight Capital, LLC
Capital One Auto Finance, Inc.
Gateway Financial Services
Chase Auto Finance
Global Acceptance, Inc.
Citizens One Auto Finance
Global Lending Services, LLC
Crescent Bank & Trust
Go Auto Finance (International)
First Reliance Bank
Guardian Finance Company
Idaho Farm Bureau Financial Services
Huntington National Bank Leaders Financial Company
KeyBank, N.A. LPFA, LLC
Santander Consumer USA M/V Acceptance, LTD
Standard Bank (International) Mariner Finance, LLC
SunTrust Banks, Inc.
TD Auto Finance LLC page 1 of 2
Wells Fargo Auto
MAS Financial Services Security National Automotive Acceptance
Midwest Acceptance Corporation Skopos Financial, LLC
Mission Financial Services Standard Financial, LLC
Model Finance Company State Capital Auto Finance
Modern Finance Company Steward Financial Services
Mullen Finance Plan The Equitable Finance Company
MUSA Auto Finance, LLC Tidewater Finance Company, Inc.
National Auto Lenders, Inc. Total Finance AC LLC
Nationwide Acceptance Corporation Tracir Financial Services Inc.
Nicholas Financial, Inc. Turner Acceptance Corporation
OpenRoad Lending LLC U.S. Auto Finance,Inc.
Platinum Auto Finance of Tampa Bay LLC United Auto Credit Corporation
Prestige Financial Services United Group/United Finance Co.
Pronto Finance, Inc. Universal Financial Company
Quality Acceptance, LLC Vehicle Acceptance Corporation
Regional Acceptance Corporation Reliable Veros Credit, LLC
Auto Finance, Inc. Westlake Financial Services
Reliable Credit Association, Inc. Whitestone Financial, Inc.
ROAD Auto Finance Wyoming Auto Finance, Inc.
SAFCO
Page 2 of 2 updated 1/30/2019

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