Last week, AFSA sent a letter to the House Subcommittee on Financial Institutions regarding this week’s hearing, “Fighting Fraud on the Front Lines: Challenges and Opportunities for Financial Institution.” AFSA’s letter highlights the problems consumers face from credit repair scams and encourages the members of the subcommittee to support H.R. 306, the “Ending Scam Credit Repair Act” (ESCRA). The bill, which AFSA helped draft, would protect consumers from illegitimate entities that charge expensive monthly fees, but fail to fulfill their promises to improve consumers’ credit histories.
During the hearing, Rep. Young Kim (R-CA), and the lead cosponsor of ESCRA, referenced AFSA and its support of the ESCRA. She also submitted the letter into hearing record. Click here for a video clip. The association appreciates Kim’s support, along with the support from the bill’s sponsor and additional cosponsors.
Congresswoman Kim Spotlights AFSA During Hearing
Mar 10, 2026
Last week, AFSA sent a letter to the House Subcommittee on Financial Institutions regarding this week’s hearing, “Fighting Fraud on the Front Lines: Challenges and Opportunities for Financial Institution.” AFSA’s letter highlights the… Read the rest
AFSA Webinar | Rethinking Auto Recoveries: The Role of Secured Debt Sales in Today’s Market
Mar 06, 2026
BUSINESS PARTNER WEBINAR
Rethinking Auto Recoveries: The Role of Secured Debt Sales in Today’s Market
March 26, 2026 at 2:00 p.m. ET
As auto lenders navigate rising delinquencies, evolving consumer expectations, and increased regulatory… Read the rest
AFSA Testifies at IRS Public Hearing on Vehicle Finance Interest Tax Deduction
Mar 05, 2026
On February 24, AFSA staff testified at an IRS Public Hearing on regulations implementing the new tax deduction for vehicle finance interest. This tax deduction was enacted as part of the “One Big Beautiful Bill” in July 2025. Since that time,… Read the rest
AFSA Submits Comment on CFPB Complaint Database Issues
Mar 05, 2026
On March 2, AFSA submitted comments on an information request from the CFPB regarding its Consumer Response Intake Form. The CFPB routinely requests for comments on this information request, and AFSA takes the opportunity to share our observations… Read the rest
AFSA to Congress: Close Debt Settlement Loopholes
Mar 04, 2026
AFSA Webinar | Trust, but Verify: Why Title & Lien Validation is the Missing Link in Lender Fraud Prevention
Mar 04, 2026
BUSINESS PARTNER WEBINAR
TRUST, BUT VERIFY: WHY TITLE & LIEN VALIDATION IS THE MISSING LINK IN LENDER FRAUD PREVENTION
APRIL 9, 2026 AT 2:00 P.M. ET
Lenders today verify income, identity, employment, and even driver’s licenses — yet the… Read the rest
Credit Where Credit Is Due: Celebrating Women in Consumer Finance
Mar 03, 2026
March is Women’s History Month, when we celebrate the women who’ve shaped our industry, as well as our communities and our country.
- Abigail Adams is credited with being the first woman investor. In addition to making
The Financial Fraud Congress Cannot Afford to Miss
Feb 27, 2026
AFSA applauds the House Financial Services Committee for holding a hearing on Thursday, March 5, titled “Fighting Fraud on the Front Lines: Challenges and Opportunities for Financial Institutions.” This hearing is an opportunity for financial… Read the rest
Perspective on Auto Loan Performance
Feb 25, 2026
With concern about vehicle loan delinquencies and repossessions at a high level in some corners of Capitol Hill, the latest edition of the Federal Reserve Bank of New York’s Household Debt and Credit Report sheds some new light on the state … Read the rest
AFSA Backs Rate Cap Boost
Feb 19, 2026
Last week, AFSA’s State Government Affairs team submitted a comment letter in support for WV SB 702.
SB 702 is an important step toward modernizing West Virginia’s consumer credit laws by replacing an outdated tiered rate structure… Read the rest