Congress is back in session next week and has a full legislative agenda to work on in the months ahead.
Impeachment: The House is likely to send its impeachment articles against Homeland Security Secretary Alejandro Mayorkas to the Senate next week, triggering the trial process. Senate Majority Leader Chuck Schumer (D-NY) can bypass a trial with a simple majority vote if the Democrat Senators stick together.
Foreign Intelligence Surveillance Act: FISA reauthorization has been delayed for months in the House due to a bipartisan disagreement between the House Intelligence and Judiciary Committees. It expires on April 19, and the House will likely act on this package before any foreign aid package is considered.
Foreign Aid: If Speaker Mike Johnson (R-LA) is able to pass a foreign aid bill through the House, it is likely to be significantly different than the Senate-passed bill. Speaker Johnson has proposed converting U.S. aid to Ukraine into a loan while attaching energy provisions and the REPO Act. A significantly different bill would require Senate action as well.
Francis Scott Key Bridge: The Biden administration is planning on asking for a package to help rebuild the Francis Scott Key Bridge this week. Senate Minority Leader Mitch McConnell (R-KY) has said that the “federal government will step up” and pay for the “lion’s share of” repairs to the Baltimore bridge.
After these time sensitive issues, legislation on TikTok, taxes, railway safety, cannabis banking, executive pay clawbacks, and kids’ online safety could reach the floor as well.
In the background of all this legislation, other Congressional business is still going on and AFSA is monitoring how it affects the financial services industry. Next week, the House Financial Services Committee is holding a hearing on the SEC Climate Disclosure Rule. AFSA supported rescinding the rule in 2022 and will be watching the hearing.
Congress Back to Work
Apr 04, 2024
Congress is back in session next week and has a full legislative agenda to work on in the months ahead.
Impeachment: The House is likely to send its impeachment articles against Homeland Security Secretary Alejandro Mayorkas to the Senate… Read the rest
Featured Business Partner | DataScan
Apr 01, 2024
The featured Business Partner for the month of April is DataScan.
DataScan has established itself as the North American leader in providing dealer floorplan lenders with technology-based solutions for wholesale asset financing and inventory
Women’s History Month | Celia Winslow
Mar 29, 2024
AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry.
What has been the most important lesson?
Understand the subjects and the people that you work with.
Was there a mentor who
Women’s History Month | Marci Kawski
Mar 28, 2024
AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry.
What has been the most important lesson?
I have learned lots of lessons over my career—it’s probably why it is called the “practice”
AFSA’s Letter to MA on Debt Collection
Mar 28, 2024
AFSA’s State Government Affairs team has sent a comment letter to the Massachusetts Joint Committee on Financial Services regarding Senate Bill 2638 and debt collection in the state. In the letter AFSA expresses concerns with S 2638 seeking… Read the rest
AFSA Supports NADA FTC Challenge
Mar 28, 2024
Earlier this week AFSA filed an amicus brief supporting the National Automobile Dealers Association’s (NADA) challenge to the FTC’s “Combating Auto Retail Scams Trade Regulation Rule.” The rule creates an assortment of new requirements… Read the rest
News From Our Members | PayNearMe Earns “Best Consumer Payments Platform” Award by FinTech Breakthrough for Business Rules Technology
Mar 28, 2024
PayNearMe is thrilled to announce that we have won “Best Consumer Payments Platform” for the fifth straight year, thanks to the flexibility that our Business Rules technology offers. Business Rules enable lenders to change… Read the rest
Women’s History Month | Heather Wybrow
Mar 27, 2024
AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry.
What has been the most important lesson?
Say yes to opportunities that make you uncomfortable as often as possible, especially… Read the rest
Downshifting a Data Request
Mar 27, 2024
Earlier this year the CFPB proposed a new data collection project, with the Bureau indicating it would like to collect loan-level information on just about every auto loan in the U.S. The Bureau hasn’t said why it needs this data or what it would… Read the rest
Women’s History Month | Danielle McLean
Mar 27, 2024
AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry.
What has been the most important lesson?
My top life and career lessons are, Keep GOD first in everything. Positive perspective… Read the rest