AFSA’s installment lending executives visit Capitol Hill

CashCo President Julie Ausland, CEO Michael Rosenberg and Sr. Management Trainee Adam Rosenberg joined 22 executives from 16 companies taking part in the American Financial Services Association (AFSA) annual Installment Lenders Summit and Congressional Fly-in this week. AFSA members visited a variety of Senate and House offices, including the offices of Oregon Representatives Kurt Schrader and Greg Walden.

The main purpose of the Congressional visits was the education of members of Congress and their staffs on the benefits of traditional installment lending and its positive economic impact for their constituents and their communities. But the education went beyond members of Congress to include the Consumer Financial Protection Bureau (CFPB) and representatives of the Trump Administration’s National Economic Council (NEC).

Kathy Kraninger, the recently-confirmed Director of the CFPB, attended the Summit’s Wednesday morning program which included speakers and presentations from inside and outside of AFSA. Kraninger’s “Listening Session” focused on AFSA member executives walking her through their business models, and the numbers of employees, branches and states they operate in, plus general reasons why they’ve been successful in making small loans for generations.

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