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Remote Notarization Bill Featured in House Hearing

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This week, the Committee on Energy and Commerce Subcommittee on Consumer Protection and Commerce, held a hearing on legislative proposals to protect consumers and strengthen the economy. The hearing touched on several House bills including AFSA-supported, H.R. 3962 – Securing and Enabling Commerce Using Remote and Electronic Notarization Act (SECURE Notarization Act).

The SECURE Notarization Act, introduced by Reps. Madeleine Dean (D-PA) and Kelly Armstrong (R-ND), has 90 bipartisan co-sponsors. They would expand the usage of Remote Online Notarizations (RONs), enabling businesses and consumers to execute crucial documents in different physical locations using two-way audiovisual communication.

AFSA joined several trade associations to reiterate support in a letter to the House bill sponsors yesterday. The letter highlighted the need to expand RONs across the nation within the automotive industry, “[N]otarizations are used extensively in real estate transactions, as well as in a variety of other important areas including affidavits, powers of attorney, living trusts, advance health care directives, and automotive transactions, among others.”

The AFSA team will keep you updated as the SECURE Notarization Act moves through the legislative process.

Remote Notarization Bill Featured in House Hearing
May 24, 2022

This week, the Committee on Energy and Commerce Subcommittee on Consumer Protection and Commerce, held a hearing on legislative proposals to protect consumers and strengthen the economy. The hearing touched on several House bills including… Read the rest

June is Full of AFSA Webinars
May 24, 2022

Whether you’re looking to learn more about the digital consumer or understand the newest generation of bill payers, AFSA’s webinar program has you covered.

Register for all of the webinars below at afsaonline.org/webinarsRead the rest

Don’t Overplay Data or Underestimate Credit
May 19, 2022

There is plenty of bad economic news to go around: Inflation trends not seen in more than 40 years; 401(k)s and investment funds taking devastating hits seemingly every day; skyrocketing fuel prices and business costs; ongoing supply chain… Read the rest

Remembering John W. Ryan
May 17, 2022

The American Financial Services Association (AFSA) was greatly saddened to learn of the unexpected death of John W. Ryan, President and Chief Executive Officer of the Conference of State Bank Supervisors (CSBS).

“As the longtime leader … Read the rest

Industrial Banks Are Good for Consumers
May 17, 2022

It’s never a good thing for consumers – or for the broader American economy – when legislation is used to accomplish what fair competition cannot.  Yet, encouraging policymakers to place a thumb on the scale or to pick winners and losers in a Read the rest

Understanding the Newest Generation of Bill Payers
May 16, 2022

How do consumers ages 18-29 prefer to pay bills? What causes them to pay late? How does this differ from older generations?

In this webinar, Steve Murphy, Director of Marketing with PayNearMe will dive into the results of their latest research… Read the rest

WATCH | Vehicle Financing in the Era of the Digital Consumer
May 13, 2022

Join us on May 26 at 2:00 p.m. for Vehicle Financing in the Era of the Digital Consumer, sponsored by Cox Automotive.

Cox Automotive is well known for its yearly Car Buyer Journey study. But it only told half the story, particularly for lenders.… Read the rest

Reducing Barriers to Financial Services Employment
May 10, 2022

On Monday, AFSA submitted a comment letter expressing its strong support for H.R. 5911, the Fair Hiring and Banking Act, which would reduce barriers to employment in the banking industry for qualified applicants with minor criminal records.… Read the rest

WATCH | Vehicle Financing in the Era of the Digital Consumer
May 05, 2022

Join us on May 26 at 2:00 p.m. for Vehicle Financing in the Era of the Digital Consumer, sponsored by Cox Automotive.

Cox Automotive is well known for its yearly Car Buyer Journey study. But it only told half the story, particularly for lenders.… Read the rest

Wisdom in the Desert
May 04, 2022

The 2022 Independent Conference & Expo officially kicked off today in Palm Springs. Attendees participated in committee meetings and networking events beginning with the AFSAPAC President’s Club event on Monday. AFSA members stepped… Read the rest

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