On July 18, AFSA submitted comments on an information collection notice from the Department of Defense relating to the Military Lending Act.
AFSA has been active on Military Lending Act issues for several years. We have followed the twists and turns of regulatory policies that have had significant effects on the availability of credit to military consumers and family members. In this letter, we reminded the Department of Defense of the remaining work to be done. While well-intentioned, some of the current Military Lending Act regulations limit access to popular forms of credit that are generally available to the public. AFSA has met with the Department of Defense on these issues recently, and we are eager to continue the dialogue to make sure that military consumers have access to a wide range of credit products and services.
On July 18, AFSA submitted comments on an information collection notice from the Department of Defense relating to the Military Lending Act.
AFSA has been active on Military Lending Act issues for several years. We have followed the twists… Read the rest
On July 18, 2025, AFSA submitted a comment letter to the CFPB regarding the compliance dates for the section 1071 rule on small business lending data collection. This rule has been subject to litigation, and the CFPB decided it was prudent to… Read the rest
On July 18, 2025, AFSA submitted a comment letter regarding the CFPB’s plan to make changes to how it uses money collected from fines imposed on financial institutions. Previously, the money collected in fines was placed in the Civil Penalty… Read the rest
Join us Thursday, July 24th at 2:00 p.m. EST!
In today’s competitive lending environment, standing out locally is more critical than ever. While Fintechs leverage speed and scale, traditional and nonbank lenders have a powerful asset they
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In this episode of the AFSA Extra Credit Podcast, host Dan Bucherer chats with Stephen McDaniel, CEO of F&I Sentinel, about a critical question: why do so many F&I product refund solutions fail?
Stephen and Dan explore the complexities… Read the rest
The FDIC unanimously voted today (July 15) to withdraw its Parent Companies of Industrial Banks and Industrial Loan Companies (ILC) proposed rule issued in August 2024. As drafted, the proposed rule discouraged future applications … Read the rest
AFSA’s State Government Affairs recently released its July white paper that examines growing concerns about the “true lender” doctrine and state efforts to curb evasion of interest rate caps through bank-fintech … Read the rest
The recently signed “One Big Beautiful Bill” (OBBB) is a sprawling piece of legislation that will affect just about every facet of the American economy, including the financial lives of consumers. While many AFSA members were focused on … Read the rest
Join us Thursday, July 24th at 2:00 p.m. EST!
In today’s competitive lending environment, standing out locally is more critical than ever. While Fintechs leverage speed and scale, traditional and nonbank lenders have a powerful asset they
…
Read the rest
The Senate passed the budget reconciliation legislation (commonly called the “One Big Beautiful Bill) by a vote of 51-50 today (July 1), with Vice President JD Vance giving the Republicans the tie-breaking vote for final Senate passage. … Read the rest
