AFSA’s April State Government Affairs white paper is now available. This month’s white paper highlights the rapid growth of non-housing consumer debt, with debt settlement companies emerging as a popular but often misleading solution for struggling consumers. Despite claims of reducing debt significantly, these companies typically charge high fees, harm credit scores, and offer low success rates, leading to further financial hardship for many consumers. It includes an overview of current legislative proposals relating to debt settlement services. The information in this paper reflects the research conducted at the time but may change as the situation is constantly evolving.
This paper, along with SGA’s other white papers, can be found on the SGA resources section of AFSA’s website.
AFSA’s April State Government Affairs white paper is now available. This month’s white paper highlights the rapid growth of non-housing consumer debt, with debt settlement companies emerging as a popular but often misleading solution… Read the rest
On April 1, AFSA posted comments on the CFPB’s proposal to establish Regulation AA. This new regulation would establish new limitations on consumer credit that exceed the CFPB’s authority.
The proposal would prohibit provisions in contracts… Read the rest
This week AFSA and other financial trade groups signed on to a letter in support of H.R.1777, the “Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act.”
Introduced by Reps. Cliff Bentz (R-OR)… Read the rest
AFSA appreciates the decision by the Consumer Financial Protection Bureau to suspend enforcement of the Payday, Vehicle Title, and Certain High-Cost Installment Loans regulation, specifically related to the payment withdrawal provisions… Read the rest
This week, AFSA along with other financial associations, sent a letter urging the FDIC to withdraw its proposed rule that will negatively impact current ILC institutions and discourage future applications.
In July 2024 the FDIC announced… Read the rest
The latest episode of the AFSA Extra Credit Podcast features the leaders of the AFSA Education Foundation EDGE and Leadership Development programs.
Why it matters: Sandena Peterson, Chris Reyes and Alan Noel share their perspectives on … Read the rest
“Uncertainty” is a term being liberally tossed about nowadays as though it were a new concept to Washington. But as AFSA noted in its recent letter to President Trump’s Domestic Policy and National Economic teams, uncertainty has long been… Read the rest
On March 18, 2025, AFSA submitted a comment letter in connection with the CFPB’s proposal to launch an Auto Loan Survey. This proposal was issued on January 17, 2025.
The proposal is unusual because it seeks subjective information about consumer’s… Read the rest
On March 17, 2025, AFSA submitted a comment letter to the IRS regarding a proposed rule for Commercial Clean Vehicle Tax Credits. This rule intended to clarify aspects of the Section 45W tax credit.
AFSA’s letter provided an explanation of… Read the rest
Join us Thursday, March 20th at 2:00 p.m. EST!
In the fast-paced world of auto finance, staying ahead of the curve is not just a goal—it’s a necessity. In early 2025 the landscape is shifting under our feet, brought on by political shifts, economic… Read the rest
