The American Financial Services Association (AFSA) on last week (May 20) sent a letter to House Speaker Nancy Pelosi (D-CA) in regard to the HEROES Act that passed the House. AFSA is pleased to see that the legislation expands the Paycheck Protection Program (PPP) which is helping small businesses in this time of uncertainty. It notes, however, that the PPP should be extended to ensure financial services companies can take advantage of the program. The Act also prohibits another Operation Choke Point, which forced many of our members to sever banking relationships they had held for years.
AFSA is disappointed, however, that the legislation includes provisions that would make it more difficult for consumers to get the help they need; this includes credit reporting provisions that would force furnishers to report inaccurate provisions and debt collection provisions that would serve only to tight available credit.
“AFSA is supportive of the goal of the section amending the Servicemembers Civil Relief Act (SCRA),” wrote Ann Harter, Vice President with AFSA. “The amendment is intended to help service members whose permanent change of station (PCS) orders may have changed as a result of the pandemic. Service members certainly should not be harmed by the stop movement order issued in response to the pandemic.”
AFSA Highlights Shortfalls in HEROES Act in Letter
May 26, 2020
The American Financial Services Association (AFSA) on last week (May 20) sent a letter to House Speaker Nancy Pelosi (D-CA) in regard to the HEROES Act that passed the House. AFSA is pleased to see that the legislation expands the Paycheck Protection… Read the rest
We Call it Memorial Day for a Reason
May 25, 2020
The American Financial Services Association and its members has long supported our nation’s military veterans, current servicemembers, and their families. It seems that with every passing year, the intent of Memorial Day becomes… Read the rest
Counseling Solutions as Another Early Intervention Tool
May 22, 2020
Join us on Thursday, May 28 at 2:00 p.m. ET for Counseling Solutions as Another Early Intervention Tool, presented by Money Management International.
Money Management International (MMI) will provide an overview of currently available… Read the rest
AFSA: Locked In During Lockdown
May 21, 2020
Installment Lending Meets Consumer Needs Now
May 21, 2020
The American Financial Services Association, the U.S. trade association for the consumer credit industry, has long supported increased options for consumers to access credit, including banks.
While regulators in Washington released… Read the rest
WEBINAR TOMORROW | Supporting Your Employees & Navigating Engagement
May 19, 2020
Join us on TOMORROW at 1:00 p.m. ET for Navigating Media and Consumer Engagement as We Emerge From the Pandemic presented by AFSA. The webinar will be conducted by Turbine Labs, which the association partners with to produce AFSA Daily Connect… Read the rest
Whether Lazy or Agenda Driven, Reporter Gets it Wrong
May 18, 2020
Recently, the Huffington Post published a story on the question of whether the Federal Reserve should expand one of its financing facilities, TALF, to include additional auto asset-backed securities (ABS) and consumer installment loan… Read the rest
AFSA Submits Comment Letter to FCC on Robocall Blocking
May 18, 2020
On May 15, AFSA submitted a letter to the FCC requesting that the agency begin a rulemaking as soon as possible to ensure that all robocall blocking services include transparency and effective redress options for both consumers and callers.… Read the rest
Navigating Media and Consumer Engagement as We Emerge From the Pandemic
May 15, 2020
Join us on May 20 at 2:00 p.m. ET for Navigating Media and Consumer Engagement as We Emerge From the Pandemic presented by AFSA. The webinar will be conducted by Turbine Labs, which the association partners with to produce AFSA Daily Connect… Read the rest
Announcing the New AFSA AdvantEDGE Affinity Program
May 15, 2020
As the American economy begins to slowly reopen, the American Financial Services Association is pleased to announce another way to help members manage their business and defray some of the day-to-day costs of supporting the communities … Read the rest