American Financial Services Association - AFSA Hits the Hill
Member login
American Financial Services Association

AFSA Hits the Hill

Blog Posts

AFSA members stressed the importance of access to credit directly with legislators and policymakers this week during AFSA’s annual fly-in.

Consumer credit is crucial to Americans from coast to coast. Engaging with policymakers is one of the best ways to ensure they understand the importance of access to credit, and the importance of policies that keep the access open.

One message the Members of Congress hammered home with us: there’s no group of constituents they would rather hear from than AFSA members and their customers telling their stories.

AFSA members had engaging meetings with both Democrat and Republican Members of Congress. Representatives made it clear in their dialogue with our member companies that they understand the crucial role our industry plays in the lives of consumers and reinforced their commitment to working with AFSA and our members to ensure access to credit remains strong.

AFSA had productive meetings with both John McNamara, Asst. Director of Markets and the Assistant Director of Consumer Credit, Payments, and Deposit Markets at the Consumer Financial Protection Bureau, and Malini Mithal, Associate Director of Financial Practices at the Federal Trade Commission.

AFSA meetings with Democrats included Rep. Emanuel Cleaver (MO), Rep. Henry Cuellar (TX), Rep. Bill Foster (IL), Rep. Susie Lee (NV), and Rep. Darren Soto (FL).

AFSA meetings with Republican Members included Financial Services Committee Chair Patrick McHenry (NC), Rep. Andy Barr (KY), Rep. Scott Fitzgerald (WI), Rep. Andrew Garbarino (NY), Rep. Richard Hudson (NC), Rep. Bill Huizenga (MI), Rep. Young Kim (CA), Rep. Barry Loudermilk (GA), Rep. Bill Posey (FL), and Rep. William Timmons (SC).

Ranking Member of the Senate Armed Services Committee Roger Wicker (R-MS) and Senate Minority Whip John Thune (R-SD) also spoke to AFSA members about the importance of consumer credit. Also meeting with AFSA were Sens. Thom Tillis (R-NC), Ted Budd (R-NC), John Hickenlooper (D-CO), Maggie Hassan (D-NH), Gary Peters (D-MI), and staff from Tim Scott’s (R-SC) office.

The gathering, which was featured in Politico Influence, concluded with meetings with officials from the U.S. Department of the Treasury.

AFSA Hits the Hill
Jun 08, 2023

AFSA members stressed the importance of access to credit directly with legislators and policymakers this week during AFSA’s annual fly-in.

Consumer credit is crucial to Americans from coast to coast. Engaging with policymakers is one of… Read the rest

Fair Lending Takes Center Stage
Jun 07, 2023

In this episode of the podcast, Philip Bohi, VP of Compliance Education talks with Dr. Adam Gailey, Principal in the Financial Economics Practice at Charles Rivers Associates, on getting your Fair Lending house in order and looking carefully… Read the rest

Featured Business Partner | ACI Worldwide
Jun 05, 2023

The Featured Business Partner for June is ACI Worldwide.

As an unrivaled leader in billing and payments, ACI Worldwide offers ACI Speedpay, proven to drive efficiency and increase collections. Through our comprehensive suite of softwareRead the rest

Economy Matters: May Jobs Numbers & Fed Outlook
Jun 02, 2023

The labor market remained buoyant in May, according to the latest employment report from the Bureau of Labor Statistics (BLS). In addition to muddying the waters with respect to the U.S. economic outlook, this month’s jobs report also complicates… Read the rest

DIDMCA Opt-out Complications
Jun 02, 2023

The AFSA SGA team published their June white paper examining the Depository Institution Deregulation and Monetary Control Act (DIDMCA).

The paper examines recent opt-out efforts and the potential complications that would arise from … Read the rest

News From Our Members | PayNearMe Secures $45M in Series D Funding
Jun 02, 2023

PayNearMe Secures $45M in Series D Funding, Accelerating Payments Innovation and Market Expansion

Queensland Investment Corporation leads investment round, empowering PayNearMe to pioneer new advancements in digital payments and … Read the rest

Recent Fed Reports Point to Tighter Consumer Credit
Jun 02, 2023

Two reports released by the Federal Reserve in May show credit conditions are tightening across the economy.

The Federal Reserve Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices, provides information on bank credit … Read the rest

Industry Icon Rochelle McClanahan
May 31, 2023

The AFSA Extra Credit Podcast Industry Icon series continues, featuring outstanding female leaders in the consumer credit industry. This episode features Rochelle McClanahan, Chief Financial Officer/Compliance Officer with Brundage… Read the rest

Inflation & Consumer Credit
May 30, 2023

Inflation is a complex phenomenon influenced by various factors, but its consequences cannot be under-estimated. In such an environment, access to credit becomes increasingly crucial for individuals and businesses. While the cost of … Read the rest

Elevate in Salt Lake | Committee Meetings
May 30, 2023

AFSA is pleased to announce our Committee Meeting lineup for the 2023 Annual Meeting!

AFSA’s committee meetings* are your key to accessing the most up-to-date information on everything important to your business. From best practices,… Read the rest

1 6 7 8 9 10 11 12 13 14 15 16 131