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Congress Working to Keep the Economy Rolling

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This week, the Senate Environment and Public Works Committee marked up its draft surface transportation legislation. The $287 billion bill, more commonly known as the “Highway Bill,” jump-starts a legislative process that will span multiple committees and attract additional proposals from both sides of Capitol Hill.

The bill is expected to be somewhat historic, if perhaps not in size, then at least in some of the policies that will be on-ramped; including for the first time, grants to subsidize electric vehicle charging stations and to encourage adoption of alternative-fuel vehicles.

Just as important as funding new projects, is the longstanding, underlying commitment to update and build out our federal, state and local infrastructure that can fuel the American economy and growth. Demand for alternative fuel vehicles will create jobs in both manufacturing and supply chains. Road construction creates well-paying jobs across a number of contracting fields. And of course, all of this creates a virtuous circle for communities – additional tax revenue and growth in household spending.

The household-spending component is also crucial to members of the American Financial Services Association (AFSA), who provide access to credit for consumers. New jobs and higher wages contribute to consumer confidence and their willingness to invest in everything from new homes to appliances and autos, even a family vacation.

For more than a century, AFSA member companies have been on Main Street, across the nation, helping the American family meet their financial goals. The Highway Bill is an important part of ensuring that the American consumer can meet those goals and that the American economy continues to hum.

Congress Working to Keep the Economy Rolling
Aug 01, 2019

This week, the Senate Environment and Public Works Committee marked up its draft surface transportation legislation. The $287 billion bill, more commonly known as the “Highway Bill,” jump-starts a legislative process thatRead the rest

HUD Proposes Update to Rules on Housing Discrimination
Jul 31, 2019

The Department of Housing and Urban Development (HUD) today published a proposed rule updating the interpretation of the disparate impact standard in home financing. The update would require plaintiffs who allege disparate impact discrimination… Read the rest

FTC Database Illustrates Plague of Robocalls, Complaints on Debt “Relief” Services
Jul 30, 2019

The Federal Trade Commission’s national “Do Not Call Registry” and its new interactive web database illustrates the plague of illegal robocalls and the need to rein in what is now more than an annoyance. The visuals in … Read the rest

AI Explainability-by-Design
Jul 29, 2019

Join us on August 8 at 2 p.m. for How to ensure that your AI doesn’t become a litigation nightmare, presented by Mayer Brown.

Despite our best efforts, things will sometimes go wrong with AI systems. The parties involved may find themselves… Read the rest

AFSA, Partners, Drive to Win in Vermont
Jul 25, 2019

Vermont Senate Bill 18 became law yesterday without Governor Philip Scott’s signature and without harmful language for consumers attempting to finance vehicles in the Green Mountain State.

The new law places restrictions on what… Read the rest

It’s Time to Fix the MLA
Jul 24, 2019

In The Hill today, AFSA President & CEO Bill Himpler lays out the need for the Pentagon to allow servicemembers to take advantage of Guaranteed Asset Protection, also known as a GAP waiver.

In the event of an accident, GAP covers the … Read the rest

The Clock is Ticking on the AFSA Summer Sale
Jul 23, 2019

Become a Business Partner Member today and start generating leads and winning customers in the consumer-finance industry. Enjoy a single rate for 2019 and 2020, plus a bonus worth $1,300.

Key Benefits of Business Partner Membership

  • Access
Read the rest

CFPB Chief Highlights Resources Dedicated to Financial Education
Jul 19, 2019

Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger on Wednesday said in remarks to the Exchequer Club that she wants to find ways to collaborate with financial institutions to help people strengthen their finances

In … Read the rest

AFSA CEO Provides Industry Outlook to Up and Coming Leaders
Jul 18, 2019

AFSA President & CEO Bill Himpler this week spoke to the 31 attendees at the American Financial Services Association Education Foundation Leadership Development Program at the University of North Carolina, Chapel Hill.

The AFSAEF… Read the rest

Robocall Bill Clears Committee
Jul 17, 2019

The “Stopping Bad Robocalls Act” on Wednesday, July 17 passed the full House Energy and Commerce Committee by a bipartisan 48-0 vote. The purpose of the bill is to reduce illegal robocalls that harm and annoy consumers. The bill… Read the rest

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