AFSA’s March State Government Affairs white paper takes an in-depth look at interchange fees, the costs associated with processing electronic payments, and their effect on financial institutions and consumers. It explores ongoing legislative and regulatory discussions surrounding interchange and the potential consequences of proposed changes. As interchange legislation continues to gain momentum, policymakers appear increasingly interested in interchange sales tax bills.
The information in this paper reflects the research conducted at the time but may change as the situation is constantly evolving.
This and other SGA white papers can be found on the SGA resources section of AFSA’s website.
White Paper | March
Mar 06, 2025
AFSA’s March State Government Affairs white paper takes an in-depth look at interchange fees, the costs associated with processing electronic payments, and their effect on financial institutions and consumers. It explores ongoing… Read the rest
AFSA Opposes Anti-Consumer Credit Legislation
Mar 06, 2025
A group of Democrat Senate and House members recently reintroduced legislation misleading consumers and their ability to access credit, the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act. AFSA strongly opposes the mis-named… Read the rest
TODAY! | AFSA Webinar | Mastering Asset Recovery: How MVR Helps Lenders Reduce Risk & Maximize Vehicle Value
Mar 06, 2025
Lenders face significant losses from delayed vehicle recoveries, rising costs, and compliance risks.
Join our webinar to discover how MVR seamlessly integrates Impound Alerts, Vehicle Appraisals, and Recovery Services into a single,… Read the rest
AFSA Joins Sister Trades in Comments on American Arbitration Association Rules
Mar 03, 2025
AFSA, together with the U.S. Chamber of Commerce and the Alliance for Automotive Innovation (“Trades”), provided comments to the American Arbitration Association’s proposed amendments to its Consumer Arbitration Rules and Employment… Read the rest
CFPB Dismisses Ill-Conceived Suit
Mar 03, 2025
AFSA is pleased to learn that the CFPB has dropped the ill-conceived suit it brought against Heights Finance and its affiliates (“Heights”). This suit was initiated by the CFPB under the leadership of former director Chopra with much fanfare… Read the rest
Industry Expertise | Don’t Get Sidetracked by Regulatory Rumblings
Mar 03, 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
Yes, Virginia, There is a Veto
Mar 03, 2025
AFSA’s State Government Affairs team sent a veto letter to Virginia Governor Glenn Youngkin regarding Senate Bill 1252, which would impose a 12% rate cap on consumer credit. AFSA urged the governor to veto SB 1252 to protect responsible… Read the rest
CFPB Nomination Hearing
Feb 27, 2025
This morning, the Senate Banking Committee is holding a nomination hearing. Amongst others, the hearing is for the director designee of the Consumer Financial Protection Bureau, Jonathan McKernan. Mr. McKernan, who previously served… Read the rest
AFSA Webinar | Mastering Asset Recovery: How MVR Helps Lenders Reduce Risk & Maximize Vehicle Value
Feb 27, 2025
Lenders face significant losses from delayed vehicle recoveries, rising costs, and compliance risks.
Join our webinar to discover how MVR seamlessly integrates Impound Alerts, Vehicle Appraisals, and Recovery Services into a single,… Read the rest
FDIC Withdraws From Colorado DIDMCA Case
Feb 25, 2025
Yesterday the Federal Deposit Insurance Corporation (FDIC) withdrew its amicus brief in support of Colorado’s appeal to the US Tenth Circuit Court of Appeals. The federal district court previously enjoined Colorado’s DIDMCA… Read the rest