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 March 2025. Following some dissent, the first procedural vote was pulled from the calendar yesterday. House Majority Whip Tom Emmer (R-MN) is working to persuade the dozen Republican objectors to support the bill, saying that “everything is doable.”
Regardless of the national election outcome, Speaker Johnson faces internal leadership elections, either for Speaker or House minority leader during the lame duck session. This funding fight will be one of, if not the final, major piece of legislation before those elections happen.
On the other side of the Capitol, Senate Democrat Whip Dick Durbin (D-IL) said Senate Democrats and House Republicans aren’t that far apart on a deal to avoid a government shutdown but emphasized that Democrats would not accept tougher voter registration requirements as part of any short-term spending deal. Majority Leader Chuck Schumer (D-NY) has said that he would take a clean continuing resolution and move forward with it.
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 Dan… Read 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
September White Paper: Legislative Trends
Sep 10, 2024
Last week AFSA’s State Government Affairs team released its September white paper on legislative trends in financial services.
Since the introduction of AFSA*Track in early 2009, the database has tracked more than 150,000 pieces of state… Read the rest
Long-Term Rates & Short-Term Relief
Sep 10, 2024
Lost in the attention being paid to exactly when and by how much the Federal Reserve will lower the federal funds rate is the fact that interest rates at the far end of the yield curve are already falling. This is due to lower market expectations… Read the rest
Congress Takes On Nonbank Registry Rule
Sep 04, 2024
Last week, , Representative Andy Ogles (R-TN) introduced a Congressional Review Act (CRA) to the CFPB’s nonbank registry rule related to enforcement. Representative Ogles has been highly supportive of the financial services industry … Read the rest
Featured Business Partner | Allied Solutions
Sep 03, 2024
The featured Business Partner for the month of September is Allied Solutions.
There is power in partnership. Allied Solutions and Securian Financial partner to provide relevant, compliant solutions for consumer and auto finance companies.
Emergency Rule Petitioned
Aug 29, 2024
AFSA’s State Government Affairs team sent a petition for emergency rule or order to the New Hampshire Bank Commissioner regarding NH HB 1243. AFSA has been continuously engaged with the New Hampshire Banking Department throughout the finalization… Read the rest
More CFPB Concerns
Aug 29, 2024
Last week AFSA sent a letter to the CFPB reiterating enforcement concerns with the nonbank registry. As AFSA previously noted, the rule is overly broad and conflicts with a multitude of consumer protections already in place at both the federal… Read the rest