The FCC announced today that it is granting a one-year extension on the compliance date for portions of TCPA rules scheduled to go into effect April 11. The delayed implementation relates to the requirement to stop ALL calls or texts when a consumer revoked consent to receive any call. The remaining provisions of this rule went into effect as scheduled.
AFSA and several sister trades engaged with the FCC on this issue. Under the proposal, when a consumer revoked consent to receive a call or text message that revocation would be applied to ALL calls or text messages, creating significant problems for financial institutions seeking to keep in touch with customers.
The FCC held that good cause exists to waive the effective date of the “revoke all” portion of the rule in order to allow affected parties time to design and implement processes and systems to handle consumer requests to revoke consent to receive calls and text messages.
The FCC announced today that it is granting a one-year extension on the compliance date for portions of TCPA rules scheduled to go into effect April 11. The delayed implementation relates to the requirement to stop ALL calls or texts when … Read the rest
On April 2, 2025, AFSA commented on the CFPB’s rule regarding data brokers under the Fair Credit Reporting Act (FCRA). AFSA requested that the CFPB withdraw the rule.
The proposed rule would expand the definitions of “consumer report” and … Read the rest
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
