Greeting a New Administration
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 products and services to help achieve their goals and improve their lives, and we look forward to working with him and his administration and strengthening America’s financial markets.
Specifically, AFSA offers to work to help reform the CFPB by improving its transparency and accountability, and to ensure that affordable credit products and services are available for American households. Furthermore, we hope the new administration will reevaluate the far-reaching regulations and guidance issued by the CFPB; such reconsideration will help empower consumers to make their own financial choices while also supporting the U.S. economy.
November 22nd, 2024
