The House Financial Services Committee approved legislation this week to reduce by almost 60 percent the funding the Consumer Financial Protection Bureau can receive from the Federal Reserve. The committee voted along party lines, 30-22, to advance its portion of a broader reconciliation package congressional Republicans are crafting to implement President Trump’s priorities. Democrats offered more than 30 amendments on various financial-services topics, but all were rejected during the nine-hour session.
The Senate Banking Committee has yet to unveil its legislative text for the reconciliation bill. The Senate and House eventually need to pass the same budget reconciliation legislation to implement any funding structure changes to the CFPB before the President can approve.
The House Financial Services Committee approved legislation this week to reduce by almost 60 percent the funding the Consumer Financial Protection Bureau can receive from the Federal Reserve. The committee voted along party lines, 30-22,… Read the rest
In today’s competitive financial landscape, staying ahead requires more than just traditional approaches to asset finance. When it comes to money at work between lenders and borrowers, usage-based financing is transforming auto and equipment… Read the rest
Join us Thursday, May 8th at 2:00 p.m. ET!
Consumer preferences are shifting fast, and payment strategies need to keep up. In this webinar, we’ll explore how modern payment technology is helping financial institutions and merchants meet … Read the rest
Start booking your rooms now!
Deadline Friday, May 2. Please call the reservations line at +1 (888) 591-1234 or use this link to reserve your guest room at the discounted AFSA rate!
You must mention you are with AFSA to receive this special … Read the rest
Join us Thursday, May 8th at 2:00 p.m. ET!
Consumer preferences are shifting fast, and payment strategies need to keep up. In this webinar, we’ll explore how modern payment technology is helping financial institutions and merchants meet … Read the rest
Start booking your rooms now!
Deadline Friday, May 2. Please call the reservations line at +1 (888) 591-1234 or use this link to reserve your guest room at the discounted AFSA rate!
You must mention you are with AFSA to receive this special … Read the rest
AFSA’s State Government Affairs team submitted a comment letter to the Rhode Island Senate Committee on Commerce regarding Senate Bill 17, which addresses so-called “junk fees” and deceptive pricing practices.
AFSA expressed concern… Read the rest
AFSA’s State Government Affairs team submitted a comment letter to the New York Department of Motor Vehicles regarding proposed electronic lien and lease reporting requirements.
AFSA expressed concern that mandating all lenders and … Read the rest
AFSA is pleased that the CFPB has dropped its suit against Credit Acceptance Corporation. From the start, this litigation was a clear example of the CFPB’s attempt to reverse well-settled law and invent new requirements that were contrary
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Join us, Thursday May 8 at 2:00 p.m. EST.
In a choppy economic environment and increasingly digital marketplace, asset finance leaders face a clear choice: evolve or risk obsolescence. Legacy systems and outdated workflows are limiting … Read the rest
