ASA acknowledges U.S. Senate Banking Committee for saving FIO. The Automotive Service Association (ASA) made the establishment of the Federal Insurance Office (FIO) its top priority during Congress’ consideration of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. Despite significant opposition, FIO did become part of the Dodd-Frank Reform law. According to […]
Federal Insurance Office Preserved in Dodd-Frank Reform Bill Passed by U.S. Senate
The Automotive Service Association (ASA) reported that on March 14, the U.S. Senate passed S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, which is a wide-ranging bank deregulation bill that would scale back key parts of the 2010 Dodd-Frank law. The bill passed by a vote of 67-31. ASA Washington Representative Bob […]
ASA Collision Leaders Meet with U.S. Department of Treasury Officials
Discuss the Federal Insurance Office and the collision repair industry Last week, the Automotive Service Association’s Collision Operations Committee (COC) met with the Federal Insurance Office’s (FIO) deputy director, Steven Seitz, and other FIO officials to discuss the future of the FIO, as well as its work in the property and casualty sector as related […]
Federal Insurance Office Announces Methodology for Monitoring Auto Insurance Affordability
The U.S. Department of the Treasury’s Federal Insurance Office (FIO) announced the adoption of a methodology for monitoring the affordability of automobile insurance. Title V of the Dodd-Frank Wall Street Reform and Consumer Protection Act authorizes FIO to monitor the extent to which traditionally underserved communities and consumers, minorities, and low- and moderate-income (LMI) persons […]