The American Financial Services Association (AFSA) today submitted a comment letter to Judiciary Committee Chair Lindsey Graham (R-SC) urging that he amend H.R. 8235 the Open Courts Act. The bill, as drafted, would allow free access to the Public Access to Court Electronic Records (PACER) database.
AFSA supports public access to the PACER system but opposes a portion of the bill which would impose a fee on creditors who file a Proof of Claim (POC) in a bankruptcy case.
“Because the Bankruptcy Code forbids a creditor from contacting a debtor in a bankruptcy proceeding, the POC is the only communication by which a creditor can communicate with or collect from a debtor,” Ann Harter, Vice President of Congressional Affairs wrote.
The American Financial Services Association (AFSA) today submitted a comment letter to Judiciary Committee Chair Lindsey Graham (R-SC) urging that he amend H.R. 8235 the Open Courts Act. The bill, as drafted, would allow free access to the… Read the rest
This week, the U.S. House of Representatives overwhelmingly passed the National Defense Authorization Act. President Trump has threatened to veto the bill citing its lack of legislative language removing legal liability protections… Read the rest
Friday was officially Director Kathleen Kraninger’s second anniversary as Director of the Consumer Financial Protection Bureau (CFPB). The second year of Director Kraninger’s tenure has been marked with unprecedented challenges as … Read the rest
Join us on December 17 at 2:00 p.m. ET for Essentials for Success in the New Economy: Gaining ROI on Digital Strategies, presented by
The shift to digital financial services has been happening for years, but COVID has been a reality check for… Read the rest
2020 has been an unprecedented year for all of us. It has, however, reinforced that consumer credit of all types is crucial to sustaining American businesses and households.
Just as our members adapted to meet the financial needs of their customers,
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AFSA’s State Government Affairs (SGA) team recently sent a comment letter to the Texas Supreme Court regarding proposed amendments to the Texas Rules of Civil Procedure that would permit electronic service of citation by social media, email,… Read the rest
As we approach the close of 2020, I want to provide an update on the many successes of the AFSA Education Foundation. Most importantly, I thank our AFSA members for their support.
In 2020, the foundation marked its 30th anniversary. To celebrate… Read the rest
This week, AFSA responded to the Consumer Financial Protection Bureau’s (CFPB) request for information (RFI) on identifying ways to prevent credit discrimination under the Equal Credit Opportunity Act (ECOA) and expand access to credit… Read the rest
This week, Federal Reserve (Fed) Chairman Jerome Powell and U.S. Treasury Secretary Steven Mnuchin testified before the Senate Banking Committee and House Financial Services Committee to discuss the federal government’s response to … Read the rest
This week, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation issued a statement encouraging banks to transition away from the U.S. dollar (USD)… Read the rest