American Financial Services Association - Regarding the 10th Circuit Ruling
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Regarding the 10th Circuit Ruling

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AFSA is disappointed by yesterday’s 10th Circuit ruling in the state of Colorado’s appeal of a case involving the federal DIDMCA law, which will hinder consumers’ choices for credit products and devalue state bank charters that underpin the competitive and long-established dual banking system that has served consumers, businesses, and the American economy well for decades.
In undermining the purpose of DIDMCA and congressional intent, the panel majority would effectively strip credit options from consumers who can least afford it, while at the same time shredding the longstanding and well-functioning interstate dual banking system and the congressional authority to direct policies that placed state-chartered financial institutions on a level playing field with national banks. In short, Colorado should be able to oversee Colorado banks, but Colorado should not be able to tell a state-chartered bank properly overseen by regulators in Arizona, California, or Nevada under what terms it can serve consumers.
We believe the 10th Circuit majority got this one wrong. We agree with Judge Rossman’s dissent and are considering all options moving forward. Congress enacted DIDMCA to put state-chartered banks on par with national banks.

Regarding the 10th Circuit Ruling
Nov 11, 2025

AFSA is disappointed by yesterday’s 10th Circuit ruling in the state of Colorado’s appeal of a case involving the federal DIDMCA law, which will hinder consumers’ choices for credit products and devalue state bank
… Read the rest

Scammers Offering AFSA Member Lists
Nov 05, 2025

AFSA is aware that individuals are calling and emailing AFSA members offering member contact lists.

DO NOT ENGAGE WITH ANY COMPANY OR INDIVIDUAL OFFERING MEMBER LISTS.

AFSA members can always access a list of fellow members, including contact… Read the rest

AFSA Webinar | How Leading Lenders are Automating for the Next Demand Surge
Nov 04, 2025

BUSINESS PARTNER WEBINAR
How Leading Lenders are Automating for the Next Demand Surge
November 20, 2025 AT 2:00 P.M. EST

As interest rates fall and demand accelerates, the most successful auto lenders are rethinking how they scale. In this

… Read the rest

Industry Expertise | Building Trust in Financial Services: Why Verified Messaging Matters
Nov 01, 2025

“Industry Expertise” is sponsored content produced by AFSA’s Business Partners’ to provide thought leadership and best practices for AFSA member companies. For more information about this sponsored content opportunity, contact Dan … Read the rest

LISTEN | How Much are Delays Costing You?
Oct 28, 2025

In this episode of the AFSA Extra Episode Podcast, Dan discusses delays and their costs with Adam Fader, Senior Manager, Business Development at MVTRAC and Sam Van Scoyoc, VP of Business Development for Secure Collateral Management (SCM),… Read the rest

Consumer Credit Drives US Economy
Oct 27, 2025

The American Financial Services Association (AFSA) released today two significant economic reports undertaken with Oxford Economics, that shows that vehicle financing and personal lending by finance companies together add more than… Read the rest

AFSA on PFDR
Oct 23, 2025

On October 21, 2025, AFSA provided comments on the Consumer Financial Protection Bureau’s (CFPB) Personal Financial Data Rights (PFDR) Reconsideration effort. This advance notice or proposed rulemaking (ANPR) sought public feedback… Read the rest

Beige Book Breakdown
Oct 23, 2025

According to the Federal Reserve’s October Beige Book, the consumer economy remains uneven amid persistent inflationary pressure and broader economic uncertainty. The Beige Book is unusual among major economic reports in that it is qualitative… Read the rest

Industry Expertise | Refinancing on the Rise: What Rate Cuts Mean for Lenders
Oct 16, 2025

“Industry Expertise” is sponsored content produced by AFSA’s Business Partners’ to provide thought leadership and best practices for AFSA member companies. For more information about this sponsored content opportunity, contact Dan … Read the rest

AFSA Urges Legislation for Debt Settlement Industry
Oct 15, 2025

Last week, AFSA wrote a letter urging the Senate Commerce and the House Energy and Commerce committees to introduce legislation to modernize national standards for  debt settlement companies (DSCs), aiming to improve transparency for… Read the rest

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