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AFSA Members Respond to COVID-19

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Below are some ways AFSA member companies are responding to the coronavirus pandemic. Many of our members have been fixtures in their communities for more than 100 years, and when you see the responses below you'll see why they are enduring.

Here are a few responses from today, but please check out our Coronavirus resource page and member response page for more updates:

We are committed to helping our customers. We are offering fee waivers, payment deferrals, and other expanded assistance for credit card, auto, mortgage, small business and personal lending. For more information on our efforts, please go here: https://t.co/vKH5JPCH7i

– Wells Fargo (@WellsFargo) March 21, 2020

AFSA Members Respond to COVID-19
Mar 23, 2020

Below are some ways AFSA member companies are responding to the coronavirus pandemic. Many of our members have been fixtures in their communities for more than 100 years, and when you see the responses below you'll see why they are … Read the rest

AFSA Comments in Support of TALF 2020
Mar 23, 2020

The American Financial Services Association (AFSA), along with sister trade the Marketplace Lenders Association (MLA), called on Senate Majority Leader Mitch McConnell (R-KY) and Minority Leader Chuck Schumer (D-NY) to create an updated… Read the rest

AFSA, Trades Call on SEC to Delay CECL
Mar 23, 2020

The American Financial Service Association, along with other trades, in a comment letter on March 22, called on the Securities & Exchange Commission (SEC) to delay implementation of the Current Expected Credit Loss (CECL) accounting… Read the rest

Ally Introduces Relief Package for Consumers & Communities
Mar 21, 2020

Ally Financial this week, launched a comprehensive set of financial support initiatives to help the people and communities it serves to withstand the extraordinary pressures triggered by the COVID-19 health crisis and be better positioned… Read the rest

AFSA, Trades Write to Congress Promoting Pro-Consumer Policies
Mar 21, 2020

The American Financial Services Association joined with other financial-services trade associations on a letter to Congressional leaders in support of pro-consumer policies that will aid ongoing access to credit. You can read the letter… Read the rest

AFSA Members Serving Communities, AFSA Staff Supporting Members
Mar 20, 2020

The American Financial Services Association (AFSA) today, March 20, sent a letter to House Financial Services Committee (HFSC) Chair Maxine Waters highlighting member company responses to the coronavirus pandemic. AFSA was pleased to… Read the rest

Premier Partner Highlight: SourceLink
Mar 20, 2020

Premier Partners provide the American Financial Services Association with significant support to ensure the success of not only the association, but the entire consumer-finance industry. We asked the SourceLink team, AFSA’s MarchRead the rest

Keeping in Contact
Mar 19, 2020

There are many different ways that the coronavirus threat highlights and intersects with a host of other, seemingly unrelated policy issues. For example, access to health care, the ability of hourly or part time workers to build a social or… Read the rest

Home Schooling Your Kids? Good Luck! And … Discover Free Personal Finance Courses!
Mar 19, 2020

As more schools close or move online, we want to highlight the AFSA Education Foundation’s free online personal finance course, MoneySKILL®.

MoneySKILL was developed in 2002 as one of the first personal finance courses available… Read the rest

FDIC Approves New Industrial Bank Charters
Mar 19, 2020

The Federal Deposit Insurance Corp. (FDIC) on March 18, 2020, approved deposit insurance applications for two companies, Square and Nelnet, to launch two, new industrial banks. The approval of industrial banks, which the American Financial… Read the rest

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