American Financial Services Association - End the Patchwork on Privacy
Member login
American Financial Services Association

End the Patchwork on Privacy

Blog Posts

The American Financial Services Association supports efforts for passage of a bipartisan federal data privacy law, via United for Privacy, a coalition of almost 30 trade groups that supports federal privacy legislation. Clarity is needed from Washington as the rapidly growing landscape of state-level privacy laws creates a fragmented patchwork of rules and regulations that confuse consumers, stifle innovation, and increase red tape for America’s businesses.

According to a study by the Information Technology & Innovation Foundation (ITIF), failing to pass a federal data privacy law will cost our economy more than $1 trillion over ten years, with $200 billion being paid by small businesses. You can read more about how the patchwork of state privacy laws is having a chilling effect on our economy, here.

For a deeper dive on why a federal privacy law is needed, join our coalition, United for Privacy and TechNet, Wednesday , July 12 for an event on Capitol Hill featuring Congresswoman Suzan DelBene (D-WA) and leaders from various organizations, including AFSA.

End the Patchwork on Privacy
Jul 11, 2023

The American Financial Services Association supports efforts for passage of a bipartisan federal data privacy law, via United for Privacy, a coalition of almost 30 trade groups that supports federal privacy legislation. Clarity is needed… Read the rest

Industry Icon #9 | Suzi Straffon
Jul 11, 2023

The AFSA Extra Credit Podcast Industry Icon series continues, featuring outstanding female leaders in the consumer credit industry. This episode features Suzi Straffon, Director, Finance Company Markets with Allied Solutions

Suzi … Read the rest

AFSA Amicus Stresses Importance of Accountability
Jul 10, 2023

Today, AFSA, with several other trade associations, submitted an amicus brief to the U.S. Supreme Court in Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America (CFSA).

The brief argues in … Read the rest

Bureau Sows More Confusion on UDAAP
Jul 07, 2023

This spring, the Consumer Financial Protection Bureau (CFPB) released a proposed Statement of Policy Regarding Prohibition on Abusive Acts or Practices. 

While the Statement is meant to produce “clearer and simpler guidance,” it insteadRead the rest

Retail Bad Debt White Paper
Jul 03, 2023

Last week, AFSA’s SGA team published it’s July white paper looking at retail bad debt.

Under retail bad statutes, the financial institution is entitled to a tax credit or deduction for the amount of the sales tax remitted but unpaidRead the rest

Featured Business Partner | Hudson Cook
Jul 01, 2023

The featued Business Partner for the month of July is Hudson Cook.

Established in 1997, Hudson Cook, LLP focuses its practice on laws related to financial services, banking and information privacy. In addition to the regulatory compliance… Read the rest

LISTEN | Creating your company value proposition
Jun 29, 2023

AFSA member companies are generally very good at marketing their own products and services. What about your company? Are you telling prospective hires and current employees why they should work with you? Terri Horn, Managing Director with… Read the rest

News From Our Members | Alfa shares insights on SaaS and cloud services
Jun 27, 2023

Alfa, provider of Alfa Systems, the cloud-native technology platform at the heart of the world’s most progressive auto and equipment finance companies, has published a new paper on SaaS and cloud services.

Cloud Services: Finding SuccessRead the rest

Elevate in Salt Lake w/ Stay & Play
Jun 26, 2023

AFSA conferences are full of great sessions, but we have plenty of networking opportunities for attendees, too.

You can start your Annual Meeting week with the welcome reception on Monday, build some momentum on Tuesday morning running and… Read the rest

HASC Passes NDAA
Jun 26, 2023

Last week, the House Armed Services Committee (HASC) passed the National Defense Authorization Act (NDAA) out of committee by a vote of 58-1.  AFSA has long worked with both the House and Senate Armed Services Committees to ensure that harmful… Read the rest

1 13 14 15 16 17 18 19 20 21 22 23 140