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 standards. The letter notes that in this critical time for our country, "the focus and efforts of banks, as it is for our government, should be targeted onsupporting the economy and we should not be subject to incentives that constrain our ability to lend and help to restore our communities during these troubled times."
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 March… Read 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
AFSA Member Companies Stand with Their Communities in Time of Need
Mar 18, 2020
On March 17th American Financial Services Association President & CEO Bill Himpler, with representatives of other, select trade groups, met via phone with House Financial Services Committee (HFSC) staff to brief them on what the… Read the rest
Understanding & Analyzing Your Merchant Statements
Mar 18, 2020
Join us on March 19 at 2:00 p.m. ET for Understanding & Analyzing Your Merchant Statements, presented by PayNearMe.
Merchant statements can be difficult to understand. No two are alike, and this confusion causes many lenders to underestimate… Read the rest