The internet. Grocery bags. Electric guitars. Adhesive bandages. Federal income tax. Cheeseburgers.
Can you guess what these all have in common?
I’ll give you a moment to think about it.
All right, time’s up! The answer: None of the above existed a century ago. You may be surprised to learn about one thing that was around back then, however: The American Financial Services Association.
Yes, AFSA predates cheeseburgers. Founding fathers and bald eagles aside, you can’t get much more American than that.
This year, the trade association celebrates its 100th anniversary. Founded in 1916 as the American Association of Small Loan Brokers, AFSA is an anchor of the consumer credit industry and a leading voice in shaping legislation that impacts the industry. The group’s mission, in their own words, is “to promote safe, ethical lending to responsible, informed borrowers and to improve and protect consumers’ access to credit.”
In recognizing the organization’s legacy—and in the spirit of Thanksgiving—here are a few things that make us grateful for AFSA: