The Consumer Financial Protection Bureau (CFPB) has finalized the rule to implement changes made by Section 1071 of the Dodd-Frank Act that requires lenders to collect and report information about small business credit applications. The final rule...
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April 05, 2023, 07:51 AM
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The American Factoring Association (AFA) recently filed comments with the Office of General Counsel, New York State Department of Financial Services regarding proposed rulemaking implementing S 5470-B (23 NYCRR 600) or Disclosure Requirements for...
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November 22, 2022, 07:23 AM
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The American Factoring Association (AFA) announced the retirement of Allen Frederic, their first Board President and long-serving board member. Frederic was instrumental in the formation of the AFA in 2009 and served as Board President for twelve...
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October 17, 2022, 07:39 AM
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The International Factoring Association (IFA) announced that after many years of advocating for the factoring community by the American Factoring Association (“AFA”), the Consumer Financial Protection Bureau (“CFPB”) has announced that its proposed...
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September 09, 2021, 07:55 AM
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