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Unhelpful “Repeat Offender” Registry

Articles by: gmcgurn@afsamail.org

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 Online Lenders Alliance, the Receivables Management Association International, and the U.S. Chamber of Commerce recommitted to working with Congress and the CFPB to provide meaningful protections for consumers, and reiterated that the registry would not achieve this outcome.

Unhelpful “Repeat Offender” Registry
Sep 26, 2024

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… Read the rest

No to Unlocked Handsets
Sep 26, 2024

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
Read the rest

So Goes Pennsylvania…
Sep 25, 2024

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 … Read the rest

AFSA Opposes Mis-Named “SAFE” Act
Sep 24, 2024

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… Read the rest

Rate Caps Do Not Work
Sep 19, 2024

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… Read the rest

AFSA Vetoes Commercial Collections
Sep 12, 2024

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… Read the rest

A Fight for Funding
Sep 12, 2024

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… Read the rest

New AFSA C3 Index Released
Sep 12, 2024

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… Read the rest

Industry Expertise | Leveraging Technology to Improve Originations for Lenders, Dealers, and Consumers
Sep 10, 2024

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 DanRead the rest

Extra Credit Podcast | AI – Boon or Bust?
Sep 10, 2024

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… Read the rest


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