AFSA’s State Government Affairs team submitted a comment letter to the New Jersey Senate requesting amendments to S 1397. As currently written, S 1397 requires a new set of disclosures to borrowers at the time credit is initially offered. AFSA believes the legislation would create unnecessary confusion, increase compliance burdens, and inadvertently reduce access to credit for New […]
The House GOP’s Steering Committee is meeting next week to determine committee chairs for the 119th Congress. Four House Financial Services Committee members are in the running for the gavel following current Chairman Patrick McHenry’s (R-NC) retirement. The chairman will help set the financial services agenda for President-elect Trump’s second administration and handle legislation on everything from […]
Yesterday, AFSA sent a letter to President-elect Trump to re-familiarize him with the mission of AFSA and its members. Recent overreach by such regulators as the Consumer Financial Protection Bureau (CFPB) have hurt businesses trying to serve American consumers. AFSA appreciates President Trump’s economic vision that Americans should have access to responsible and safe financial […]
Consumer Lending by the Numbers
13.7 MILLION consumers hold a traditional installment loan
13.7
million
consumers hold a traditional installment loan
82 MILLION consumers in the PRIME VALUE or better risk tier
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AFSA has assembled a number of resources to help members as they navigate the COVID-19 coronavirus and continue to assist their communities. Click to read more.
