Join business leader, successful football and life coach, and Academy Award winner Bill Courtney for an insightful keynote session highlighting his career in building a successful global business and building up the next generation on and off the field that will both inform and inspire. Get ready for a powerful hour by viewing his Academy […]

In the fourth quarter of 2024 consumer credit balances topped $18 trillion for the first time, according to the Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit, which draws on data from the bank’s Consumer Credit Panel/Equifax. That was an increase of $93 billion, or 0.5 percent, from the […]

In this episode of the AFSA Extra Credit Podcast, host Dan Bucherer chats with Brian Koprowski, CEO of DataScan, which works with finance companies on wholesale financing and inventory risk management across the entire loan lifecycle. See that title? Kind of right in the wheelhouse.  Brian and Dan touch on how the commercial lending landscape […]

AFSA congratulates Jonathan McKernan, who earlier today was nominated by President Trump to serve as the director of the Consumer Financial Protection Bureau. Mr. McKernan recently stepped down from his position on the FDIC Board, and has had extensive experience in the financial-services policy arena, having previously served in the Treasury Department, the Federal Housing […]

Consumer finance companies’ assessments of the current and prospective business environment improved significantly in Fourth Quarter 2024 according to the results of AFSA’s latest Consumer Credit Conditions Index Survey (C3 Survey). The full report will be released later this week. Each quarter, survey respondents share their views on the current business situation, as well as […]

On Friday evening, a day after Russell Vought was confirmed as Director of the Office of Management and Budget, President Trump named him acting director of the Consumer Financial Protection Bureau. AFSA congratulates Director Vought on his confirmation and his additional responsibilities as acting director at the Bureau. As AFSA noted in its letter to […]

Yesterday, AFSA responded to the Community Development Financial Institutions Fund’s questions regarding the small dollar loan program (SDL) application. The SDL application prohibits companies that provide “high-rate loans” from applying for the program. These loans are defined as “Loans that exceed the lower of the following two rates: (1) an all-inclusive 36% APR (using the […]

As part of AFSA work to bring our requests to the new acting director of the CFPB, Secretary Bessent, we signed a joint trades letter urge Secretary Bessent to withdraw the proposed rule expanding the scope of the Fair Credit Reporting Act (FCRA) to cover data brokers and related activity. The letter highlights to statutory […]

AFSA and other financial trade associations sent a letter yesterday to the CFPB’s new Acting Director Scott Bessett, asking him to immediately rescind its rule on the Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders (NBR Orders Rule) finalized in June 2024. The U.S. consumer financial services market is one of […]

This weekend, former Director Chopra announced that his tenure as head of the CFPB had concluded. Director Chopra continued to work up until his resignation became public. Late Friday, the CFPB indicated that actions that could generously be termed as additional over-reach were forthcoming. Congressman William Timmons (R-SC) sent a letter to the CFPB deputy director […]