A bipartisan group of Senators led by Jeff Merkley (D-OR), Steve Daines (R-MT), Kyrsten Sinema (I-AZ), and Cynthia Lummis (R-WY) announced the introduction of a new cannabis-related banking bill today, the Secure and Fair Enforcement Regulation Banking Act (SAFER) Banking Act. This bill includes language to end Operation Choke Point by prohibiting a federal regulator from ordering a bank to terminate a banking relationship with a legal business unless there is a valid reason not based solely on reputational risk.
AFSA wrote a letter of support for the SAFER Banking Act to the Senate Banking Committee. AFSA thanks the Senators for their support to help pass the SAFER Banking Act and end federal initiatives that jeopardize legitimate bank customers, like traditional installment lenders, which have provided safe and affordable small-dollar credit to consumers in their communities for over a century.
The Senate Banking Committee is tentatively scheduled to debate and consider the SAFER Banking Act on Wednesday, September 27.
A bipartisan group of Senators led by Jeff Merkley (D-OR), Steve Daines (R-MT), Kyrsten Sinema (I-AZ), and Cynthia Lummis (R-WY) announced the introduction of a new cannabis-related banking bill today, the Secure and Fair Enforcement Regulation… Read the rest
Alfa Announces Free Scope 3 Emissions Reporting
Alfa Systems
Alfa, the makers of Alfa Systems – the first-choice software platform for providers of asset finance, worldwide – has announced new functionality to help its customers
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AFSA joined seven other leading financial services trade associations on a letter to Sen. Josh Hawley (R-MO) expressing concern about the Capping Credit Card Interest Rates Act (S.2760), which would cap credit cards’ APR at 18%.
The letter… Read the rest
How Vehicle Title Release Impacts Auto Retailing Overall
Cox Automotive
Routine title management is anything but: Paper vs electronic and release to third parties for resale, wholesale and insured total loss bring much complexity to loan
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Join us on September 21, 2023 at 2:00 p.m. ET for Local SEO: The Missing Piece To Your Marketing Success, presented by Amsive.
Join Bambi Frazier, Sr. Manager of Local SEO and Content at Amsive, to discuss why inflation rates and interest rates… Read the rest
This week, the Consumer Financial Protection Bureau (CFPB) reached a settlement with a credit repair organization (CRO) conglomerate, which includes payment of $2.7 billion and a 10-year ban on telemarketing activities. The settlement… Read the rest
Last week the 11th Circuit Court released its decision in Milgram v. Chase, for which AFSA submitted an amicus brief. The court ruled in in Chase’s favor.
The plaintiff, as well as the Consumer Financial Protection Bureau (CFPB), argued that… Read the rest
This episode of the Extra Credit Podcast is Part Two of our conversation with, Philip Bohi, VP of Compliance Education and Dr. Adam Gailey, Principal in the Financial Economics Practice at Charles Rivers Associates, on getting your Fair … Read the rest
Beehive State or Beer State?
If you’re joining us in the Beehive State for the 2023 AFSA Annual Meeting and you have a thirst for some hoppy goodness, you’re in luck. Salt Lake City may surprise you with its vibrant craft beer scene. Check… Read the rest
PayNearMe Celebrates Processing $1B in Digital Loan Disbursements to Fund Low-Income, Entrepreneurial Women For Nonprofit Grameen America
PayNearMe makes disbursing loans as easy, fast and convenient as receiving electronic payments;… Read the rest
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