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AFSA on House Financial Services Chair

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AFSA congratulates Rep. French Hill(R-AR), on his election to the Chairmanship of the House Financial Services Committee. AFSA has worked with Representative Hill on a number of issues crucial to American consumers and the consumer credit industry, including reining in the CFPB’s regulatory overreach, specifically with the auto loan data collection earlier this year. We look forward to continuing to work with incoming Chair Hill, and the entire committee to protect American consumers’ access to credit during the 119th Congress.

AFSA on House Financial Services Chair
Jan 31, 2025

AFSA congratulates Rep. French Hill(R-AR), on his election to the Chairmanship of the House Financial Services Committee. AFSA has worked with Representative Hill on a number of issues crucial to American consumers and the consumer credit… Read the rest

More Flawed Analysis from the CFPB
Jan 30, 2025

On January 29 the CFPB issued a report saying that U.S. military Servicemembers “pay higher costs and face greater financial risks” than their civilian neighbors when financing vehicles.  This report insinuates that servicemembers are… Read the rest

AFSA Opposes DIDMCA Opt-out
Jan 30, 2025

On January 28, Elora Rayhan from AFSA’s State Government Affairs team testified at an Oregon committee hearing in opposition to OR HB 2561. This bill would opt-out the state from the Depository Institutions Deregulation and Monetary Control… Read the rest

AFSA Supports the TABS Act
Jan 30, 2025

AFSA is excited to support Representative Andy Barr’s reintroduction of his Taking Account of Bureaucrats’ Spending (TABS) Act. The TABS Act would bring the CFPB under congressional review and its budgetary process. Currently, the CFPB… Read the rest

AFSA Opposes State Interchange Fee Bills 
Jan 30, 2025

Last week AFSA’s State Government Affairs team submitted testimony opposing Maryland HB 29 and Washington SB 5070, both of which seek to limit interchange fees on the gratuity and sales tax portions of electronic transactions. These … Read the rest

AFSA Lays Out Privacy Principles
Jan 30, 2025

AFSA, along with many other trade associations, sent a letter this week to Senate Commerce Committee Chairman Ted Cruz (R-TX), Senate Commerce Committee Ranking Member Maria Cantwell (D-WA), House Energy and Commerce Chairman Brett Guthrie… Read the rest

CFPB’s Second Report on 2023 Auto Finance Data Pilot
Jan 29, 2025

Last week, the Consumer Financial Protection Bureau (CFPB) issued the second in a series of reports based on its 2023 Auto Finance Data Pilot.  While the first report discussed negative equity in vehicle finance transactions, the new paper… Read the rest

The Future of the Direct-to-Consumer Model w/ Brian Chance, Katie Johar & Eva Kellershof
Jan 29, 2025

The AFSA Extra Credit Podcast is back for 2025 with fresh takes, knowledgeable experts and timely conversations on the consumer credit industry.

First up? Brian Chance and Katie Johar of EY and Eva Kellershof of NETSOL take a deep dive on the… Read the rest

California CCPA Regulations
Jan 28, 2025

AFSA’s State Government Affairs team submitted a comment letter to the California Privacy Protection Agency regarding the proposed regulations for updates to the California Consumer Privacy Act (CCPA).

AFSA expressed strong … Read the rest

FTC Welcomes New Appointees
Jan 28, 2025

AFSA would like to congratulate the new FTC Chair Andrew Ferguson. As of January 20th, FTC Commissioner Andrew Ferguson is Chair of the Federal Trade Commission, taking over for former Chair Lina Khan. As Chair Ferguson was already a confirmed… Read the rest

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