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.
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… Read the rest
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
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
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
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
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
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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 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
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
