Today, AFSA wrote a letter to the Senate Banking Committee in opposition to the recently introduced the Close the Shadow Banking Loophole Act, which targets the ability of Industrial Loan Companies (ILCs) charted entities to exist in the … Read the rest

A bipartisan group of Senators sent a letter today expressing their support for industrial loan company (ILC) charters to Martin J. Gruenberg, acting chair of the Federal Deposit Insurance Corporation (FDIC). Led by Senators Mitt Romney… Read the rest

Last week, AFSA emphasized to House Financial Services Committee members that ILCs are highly regulated and well-capitalized. AFSA’s testimony was entered into the record by Chairman Ed Perlmutter (D-CO)as part of a subcommittee hearing… Read the rest

This week, the FDIC finalized a rule to require certain conditions and commitments for each deposit insurance application approval from an industrial bank or industrial loan company (ILC) whose parent company is not subject to consolidated… Read the rest

Last week, AFSA’s State Government Affairs team released its July white paper. This month’s white paper dives into artificial intelligence.

AI and algorithms are transforming industries like financial services, enhancing… Read the rest

AFSA is pleased to confirm that two-time NBA champion, college All-American, and award-winning broadcaster Kenny Smith will serve as the 2024 Champions Club keynote speaker at the 2024 Independents Conference and Expo.

AFSA joined with the National Association of Industrial Bankers, the Utah Bankers Association, and the Nevada Bankers Association in a letter to all Senators in opposition to S. 3538, the misnamed “Close the Shadow Banking Loophole Act,”… Read the rest

Our latest white paper is now available. This month’s white paper takes a deeper look into debt settlement companies.

Debt settlement companies promise to reduce consumer debt significantly, but they charge high fees and may not disclose… Read the rest

AFSA’s State Government Affairs’ latest white paper is now available. This month’s white paper delves into top consumer complaints reported by states.

Consumer complaint information can serve as a valuable resource for financial… Read the rest