Consumers struggling with debt are not alone … and not without options. But the Federal Trade Commission is warning consumers this week that the search for help can itself become a trap. In a new consumer alert the FTC lays out clear red flags regarding companies that promise debt relief: any company that demands payment upfront […]

AFSA’s State Government Affairs team recently submitted comments expressing serious concerns with Maryland’s HB 1198, a well‑intentioned bill aimed at addressing economic abuse but written so broadly that it may unintentionally enable fraud. While AFSA strongly supports protecting victims of domestic and economic abuse, the current language risks forcing creditors to write off legitimate debts and undermines long‑standing […]

AFSA’s State Government Affairs team has sent a letter urging Oregon’s governor to veto HB 4116, warning that the bill would strip state‑chartered banks of essential DIDMCA protections while leaving national banks untouched. The proposal would create legal uncertainty, operational risk, and a direct competitive disadvantage for Oregon‑based institutions. AFSA believes a veto is necessary to preserve a fair marketplace and protect […]