The American Financial Services Association (AFSA) thanks the Senate Banking Committee for advancing the nomination of Brian Johnson to serve as Director of the Consumer Financial Protection Bureau and urges the full Senate to confirm him without delay.
Mr. Johnson knows the Bureau and the consumer credit marketplace. As Deputy Director of the CFPB, he oversaw the agency’s rulemaking and its supervision and enforcement programs. On the House Financial Services Committee, he worked on consumer credit, mortgage origination, credit reporting and data security. His years in private practice gave him a working understanding of what compliance demands of the companies the Bureau regulates.
Consumers and lenders alike benefit when the CFPB has a confirmed Director who sets clear, consistent rules. Regulatory certainty protects consumers and preserves their access to credit. Mr. Johnson understands that balance.
AFSA appreciates the Committee’s careful consideration of this nomination and looks forward to working with Mr. Johnson once the Senate confirms him.
The American Financial Services Association (AFSA) thanks the Senate Banking Committee for advancing the nomination of Brian Johnson to serve as Director of the Consumer Financial Protection Bureau and urges the full Senate to confirm … Read the rest
Rep. Glenn Grothman (R-WI) has again introduced legislation to apply the Military Lending Act’s 36 percent rate cap to consumer credit nationwide. Given that it’s an election year and consumer prices and uncertainty about the economy are
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Ahead of this week’s House Financial Services Committee markup, AFSA sent a letter to Chairman French Hill (R-AR) and Ranking Member Maxine Waters (D-CA) expressing support for passage of several bills under consideration, including legislation… Read the rest
September 17, 2026 at 2:00 p.m. ET
GAP and loan overpayment refunds have become one of auto finance’s most scrutinized processes—and the responsibility has shifted. What was once handled by dealers now falls to lenders, putting refund accuracy,… Read the rest
AFSA’s State Government Affairs team submitted a comment letter to the Colorado Department of Law, Office of the Attorney General, in response to the SB 26-189 proposed rules implementing the Colorado Automated Decision-Making Technology… Read the rest
Yields on 10-year U.S. Treasury bonds continued to march higher in early September. Rates topped 4.9 percent as of September 10, the highest since 2023. Meanwhile, the 30-year Treasury yield climbed to a multi-decade high of 5.3 percent. … Read the rest
On September 8 the IRS’ long-awaited regulations on the car loan interest deduction were published in the Federal Register.
Since the enactment of legislation establishing this new tax deduction, AFSA has been front and center. In consultation… Read the rest
AFSA’s State Government Affairs September white paper looks at the state legislative landscape on disparate impact liability in lending. As federal agencies pull back on disparate impact enforcement, states such as Illinois … Read the rest
A series of coordinated op-eds has recently attempted to defend for-profit debt settlement companies while opposing federal legislation to better regulate them. The pieces share similar arguments, similar attacks on AFSA, and a similar… Read the rest
The House Financial Services Committee met this week for a hearing titled “Strengthening the American Economy: Promoting Growth, Opportunity, and Prosperity.” Members discussed the economic effect of pro-growth policies and regulatory
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