AFSA, along with several other trade associations, wrote to extend support for Rep. Andy Ogles’ (R-TN) Congressional Review Act to nullify the CFPB’s rule to create a “repeat offender” registry. As AFSA has noted, the registry will not help consumers, will drive up costs for financial products, and decrease access to credit. AFSA, ACA International, the American Fintech Council, the […]

This week, AFSA wrote to the FCC on a proposed rule that would require handsets to be unlocked even if the installment contract has not been paid off. There are three major concerns with the proposal: There are substantial questions as to whether the FCC has the authority or the jurisdiction to mandate the unlocking of handsets. Several courts have […]

Pollsters are closely watching the East Coast trio of Pennsylvania, North Carolina, and Georgia as we are now fewer than 50 days away from Election Day. A recent Washington Post poll out of Pennsylvania shows just how tight the race for the White House is and how it is affecting down-ballot races as well. A week after […]

A group of Democrat Senate and House members reintroduced legislation that they’ve introduced at least the last two Congresses, the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act. As we have done previously, we strongly oppose the mis-named legislation, which would harm, not help consumers. Among other things, the bill would prohibit convenience checks […]

Yesterday, former President Donald Trump was out on the campaign trail talking about the tough economic times Americans have been experiencing over the past few years. In his remarks he said, “While working Americans catch up, we’re going to put a temporary cap on credit card interest rates. We’re going to cap it at around […]

AFSA’s State Government Affairs team sent a veto letter to California Governor Gavin Newsom in opposition to commercial collections Senate Bill 1286. This bill addresses small business debt and a collections law, the Rosenthal Fair Debt Collection Practices Act. with which the creditors must comply. The state wants to expand the Rosenthal Act to cover commercial collections, and […]

With 54 calendar and 12 session days until the election, Congress has some important unfinished business: funding the government. Speaker Mike Johnson (R-LA) unveiled his continuing resolution that would provide stopgap funding through March 2025. Following some dissent, the first procedural vote was pulled from the calendar yesterday. House Majority Whip Tom Emmer (R-MN) is working […]

AFSA released its quarterly Consumer Credit (C3) Index survey of leading providers of consumer credit, including mortgages, vehicle financing, personal installment loans, and credit cards. The C3 Index is the only national survey that provides a look into AFSA member companies’ perceptions of business conditions and key business indicators, including how they see the consumer-lending […]

“Industry Expertise” is sponsored content produced by AFSA’s Business Partners’ to provide thought leadership and best practices for AFSA member companies. . For more information about this sponsored content opportunity, contact Dan Bucherer. Leveraging Technology to Improve Originations for Lenders, Dealers, and Consumers By Dustin Wesner, Vice President, Product Management, Odessa Due to the indirect relationship between […]

In this episode of the AFSA Extra Credit Podcast, we’re joined by David Ralstin, Vice President, Chief Information Security Officer for Allied Solutions. His role provides governance, accountability, and trusted advisory services for technology risk management and information security controls at Allied. Artificial intelligence has been around as a technology since the 1950’s, and its […]