Reps. Sarah McBride (D-DE) and Young Kim (R-CA) reintroduced the bipartisan “Ending Credit Repair Scams Act” (HR 306) last week. This bipartisan legislation would protect financially distressed consumers from shady credit repair organizations (CROs) that falsely promise to rebuild their credit history while charging expensive up-front and monthly fees. Representative McBride recognized AFSA’s support in a press […]

Yesterday, AFSA sent a letter to both Senate Banking Chairman Tim Scott (R-SC) and House Financial Services Chairman French Hill (R-AR) congratulating them on their selection as chairmen for the 119th Congress, and reiterating our appreciation for both Senator Scott and Congressman Hill’s support of the consumer credit industry. The letter, along with AFSA’s 2025 priorities […]

Last week, AFSA responded to the CFPB’s Auto Finance Special Edition of Supervisory Highlights. While the goal of these publications is to “help industry limit risks to consumers and comply with federal consumer financial law,” this most recent edition of the Highlights does not provide sufficient detail for the auto-finance industry to adjust practices to conform to […]

The increased digitization of the lending process, the use of big data and analytics, and efforts to enhance competitive finance offers and access to credit present opportunities that also come with heightened fraud and data privacy risks. Hear from top fraud and privacy experts about the latest trends in the fraud and data privacy space […]

There has been a long-standing, albeit unwritten tradition in the midst of a transition with the U.S. Presidency and the Executive Branch, for federal agencies to suspend new rulemaking. As Senate Banking Committee Chairman Tim Scott (R-SC) noted, “It is paramount that President Trump can begin his administration on January 20th with a fresh slate […]

Working with the Business Partner Board, AFSA has developed a refreshed Business Partner program that provides enhanced benefits, clearer metrics and more opportunities for engagement with AFSA members. AFSA Business Partners play a crucial role in the consumer credit industry. Whether they offer software, compliance, marketing or collection assistance, or other operation services, industry vendors […]

Nine new members have been named to the House Financial Services Committee as the 119th Congress officially begins. A little bit about each new member is below. 1. Rep. Lisa McClain (R-Mich. 9): Congresswoman McClain was elected by her colleagues to continue serving in leadership as Chairwoman of the Conference for the 119th Congress. Prior to serving in […]

As the digital landscape evolves, cybersecurity threats are becoming more sophisticated and pose significant risks to organizations. This session will provide insights into the latest strategies, techniques, and tools to future-proof your team’s skills, strengthen your defenses, and effectively respond to advanced cyber-attacks. Join us to learn how to stay ahead of emerging threats and […]

AFSA offers its deepest condolences to the victims of the attack in New Orleans during the city’s New Year’s Day celebrations, and our thoughts are with our member companies, business partners and their customers who live and operate in the New Orleans area during this difficult time. The safety and security of our members and guests who attend our […]

AFSA’s State Government Affairs team released its latest white paper that highlights emerging topics in the 2024 legislative year that are expected to become highly debated issues in 2025. In 2024 artificial intelligence continued to be a key emerging issue in state legislatures nationwide. Colorado passed the first comprehensive AI legislation in the country, setting a precedent that […]