On March 13, AFSA’s Senior Vice President, Danielle Arlowe, testified before the District of Columbia’s committee in opposition to DC B25-0609.
Why it matters: This bill would opt-out the state from the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA). DIDMCA introduced parity for state banks, stipulating that state-chartered banks with federal insurance are also authorized to export interest rates.
What we’re saying: In the testimony, AFSA raised concerns over DIDMCA state opt-outs posing as a significant threat to the business models of several of our members. The bill goes against DIDMCA’s initial intention, which is to place state-chartered banks on an equal playing field with national banks.
Go deeper: While AFSA does have members who use the bank partnership model, the larger portion of our membership consists of entities that own and oversee their own state-chartered, federally insured banks, making those using the partnership model a minority within our organization.
This testimony, along with SGA’s other advocacy, can be found on the direct advocacy section of AFSA’s website.
On March 13, AFSA’s Senior Vice President, Danielle Arlowe, testified before the District of Columbia’s committee in opposition to DC B25-0609.
Why it matters: This bill would opt-out the state from the Depository Institutions Deregulation… Read the rest
Last week, AFSA’s State Government Affairs team sent a comment letter to the West Virginia Senate regarding WV HB 4381 on credit reporting opt-ins.
In the letter, AFSA focuses on HB 4381’s mandate that consumers explicitly opt in for each disclosure… Read the rest
AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry.
![](https://afsaonline.org/wp-content/uploads/2024/03/Womens-History-Month-2.png)
What has been the most important lesson?
I am so grateful for my mother helping me lay the foundation for a strong work ethic.… Read the rest
AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry.
![](https://afsaonline.org/wp-content/uploads/2024/03/8.png)
What has been the most important lesson?
As a Human Resources professional, the biggest lesson I learned was to learn all … Read the rest
AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry.
![](https://afsaonline.org/wp-content/uploads/2024/03/Womens-History-Month-5.png)
I sincerely appreciate AFSA Women’s Leadership Council celebrating International Women’s Day (IWD) and Women’s History… Read the rest
Every minute of downtime lenders experience is expensive—leading to missed payments, high customer service costs and reputational risks. By connecting lenders to multiple merchant processors through a single platform integration,… Read the rest
AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry.
![](https://afsaonline.org/wp-content/uploads/2024/03/5.png)
What has been the most important lesson?
Embracing my uniqueness. As a woman, it’s essential to recognize and celebrate… Read the rest
AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry.
![](https://afsaonline.org/wp-content/uploads/2024/03/4.png)
What do you wish you of today could have told the younger you about building a career?
I wish I could tell my younger self to focus… Read the rest
AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry.
![](https://afsaonline.org/wp-content/uploads/2024/03/Womens-History-Month.png)
What has been the most important lesson?
Keep going and continue to work hard. You never know what’s around the next corner!… Read the rest
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