AFSA recently joined 13 other state and national trade associations in a comment letter opposing North Dakota SB 2217, which recently passed the Senate and is currently pending in the House. SB 2217 would prohibit the collection of interchange on the sales tax portion of electronic transactions.
In the letter, the coalition noted that state legislatures have considered over 40 similar bills in the past two decades, but none have ever passed the first chamber after lawmakers recognized the burdensome and costly changes such a proposal would impose. The bill’s requirements would require merchants to implement a complete overhaul of current payments systems and operational mechanisms.
If passed, SB 2217 would require unprecedented changes to the payment process, posing significant costs that would harm consumers and small businesses alike.
This letter, along with SGA’s other comment letters and testimonies, can be found on the SGA direct advocacy section of AFSA’s website.
AFSA recently joined 13 other state and national trade associations in a comment letter opposing North Dakota SB 2217, which recently passed the Senate and is currently pending in the House. SB 2217 would prohibit the collection of interchange… Read the rest
The California Privacy Protection Agency Board met on February 3rd to discuss rules implementing the California Privacy Rights Act (CPRA).
During the meeting, the board voted to approve their final rulemaking package under the CPRA. The… Read the rest
A mortgage lender and its owner have won a decisive victory against the CFPB in federal court. In Bureau of Consumer Financial Protection v. Townstone Financial et al., the U.S. District Court for the Northern District of Illinois invalidated… Read the rest
The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission are issuing proposed rules on fees and unfortunately, both have missed the mark.
Today, AFSA responded to the FTC’s proposed rule on fees. The work the FTC… Read the rest
AFSA is pleased to announce change-agent CEO, author, and one of America’s most popular corporate speakers, Amanda Gore, as an Independents Conference & Expo Keynote Speaker.
For more than 25 years Amanda has used her expertise in emotional… Read the rest
Registration for the 2023 AFSA Education Foundation leadership programs are now available.
The 2023 edition of THE EDGE (Education, Development, Growth & Enrichment) program will be held June 11-16 at Mercer University in Atlanta,… Read the rest
This week, AFSA along with 99 other trade associations representing a broad swath of the economy, wrote to the Federal Trade Commission (FTC) asking for an additional 60 days to provide comment on the Advanced Notice of Proposed Rulemaking… Read the rest
The Featured Business Partner for the month of February is Cox Automotive.
The Cox Automotive family of brands is transforming the way the world buys, sells, owns and uses vehicles by providing financers, dealerships, and others the connectivity… Read the rest
AFSA released its 2023 Federal Priorities this week, focused on the protection and expansion of access to safe, responsible credit for all Americans. Some 22 different federal laws spanning eight different agencies create a layered system… Read the rest
If you joined us at the 2023 Vehicle Finance Conference & Expo this week, then you already know that more than 750 auto finance executives – an attendance record – joined us in Dallas to discuss the state of the industry and the… Read the rest
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