The American Financial Services Association (AFSA) thanks the Senate Banking Committee for advancing the nomination of Brian Johnson to serve as Director of the Consumer Financial Protection Bureau and urges the full Senate to confirm him without delay. Mr. Johnson knows the Bureau and the consumer credit marketplace. As Deputy Director of the CFPB, he […]

Rep. Glenn Grothman (R-WI) has again introduced legislation to apply the Military Lending Act’s 36 percent rate cap to consumer credit nationwide. Given that it’s an election year and consumer prices and uncertainty about the economy are front and center, it’s not a surprise that an elected official would play the populist card.  What is […]

Ahead of this week’s House Financial Services Committee markup, AFSA sent a letter to Chairman French Hill (R-AR) and Ranking Member Maxine Waters (D-CA) expressing support for passage of several bills under consideration, including legislation reforming the Consumer Financial Protection Bureau: R. 7866, American Lending Fairness Act (ALFA): sponsored by Rep. Warren Davidson (R-OH), this […]