Today the American Financial Services Association (AFSA) joined several other financial services trade associations and organizations in a letter urging Congressional leaders to include the bipartisan Securing and Enabling Commerce Using Remote and Electronic Notarization Act (SECURE Notarization Act) in a future emergency COVID-19 relief legislative vehicle.
Introduced by Representatives Madeleine Dean (D-PA) and Guy Reschenthaler (R-PA) and Senators Kevin Cramer (R-ND) and Mark Warner (D-VA), the SECURE Notarization Act (H.R. 6364 and S. 3533) would expand the usage of Remote Online Notarizations (RONs) nationally and enable the notarization process to be completed with the notary and signer in different physical locations, using two-way audiovisual communication.
The SECURE Notarization Act will provide Americans the ability to execute crucial documents without having to gather and risk contracting or spreading COVID-19. Currently, the SECURE Notarization Act has 81 co-sponsors in the House and five in the Senate.
AFSA Supports Remote Online Notarizations
Dec 17, 2020
Today the American Financial Services Association (AFSA) joined several other financial services trade associations and organizations in a letter urging Congressional leaders to include the bipartisan Securing and Enabling Commerce… Read the rest
LISTEN | CFPB’s Mark McArdle on Mortgage Resources
Dec 17, 2020
In this episode of the AFSA Extra Credit Podcast, we speak with Mark McArdle, Assistant Director, Mortgage Markets with the Consumer Financial Protection Bureau (CFPB). Mark handles several different areas within the mortgage markets… Read the rest
AFSA Comments to CFPB on Payday Loan Disclosures
Dec 16, 2020
This week, the American Financial Services Association (AFSA) commented on the payday loan disclosures designed by the Consumer Financial Protection Bureau (CFPB).
AFSA emphasized that the definition of “payday loan” should be included… Read the rest
WATCH | Essentials for Success in the New Economy: Gaining ROI on Digital Strategies
Dec 16, 2020
Join us TOMORROW at 2:00 p.m. ET for Essentials for Success in the New Economy: Gaining ROI on Digital Strategies, presented by
The shift to digital financial services has been happening for years, but COVID has been a reality check for firms… Read the rest
AFSA Comments on Small Business Lending Rulemaking
Dec 15, 2020
“Small businesses are crucial to the American economy and to the millions of Americans who run them, are employed by them, and who patronize them,” AFSA wrote to the CFPB this week, adding, “Credit availability, in turn, is critical to the well-being… Read the rest
AFSA Comments on PACER Access Legislation
Dec 14, 2020
The American Financial Services Association (AFSA) today submitted a comment letter to Judiciary Committee Chair Lindsey Graham (R-SC) urging that he amend H.R. 8235 the Open Courts Act. The bill, as drafted, would allow free access to the… Read the rest
AFSA Advocacy Successful in House-passed NDAA
Dec 11, 2020
This week, the U.S. House of Representatives overwhelmingly passed the National Defense Authorization Act. President Trump has threatened to veto the bill citing its lack of legislative language removing legal liability protections… Read the rest
AFSA and Federal Agencies Provide Educational Resources During COVID-19
Dec 11, 2020
Friday was officially Director Kathleen Kraninger’s second anniversary as Director of the Consumer Financial Protection Bureau (CFPB). The second year of Director Kraninger’s tenure has been marked with unprecedented challenges as … Read the rest
Essentials for Success in the New Economy: Gaining ROI on Digital Strategies
Dec 10, 2020
Join us on December 17 at 2:00 p.m. ET for Essentials for Success in the New Economy: Gaining ROI on Digital Strategies, presented by
The shift to digital financial services has been happening for years, but COVID has been a reality check for… Read the rest
2020 By the Numbers
Dec 10, 2020
2020 has been an unprecedented year for all of us. It has, however, reinforced that consumer credit of all types is crucial to sustaining American businesses and households.
Just as our members adapted to meet the financial needs of their customers,