AFSA’s State Government Affairs (SGA) team today published a COVID-19 state policy update white paper, the second of two papers covering state responses to the coronavirus outbreak. The white paper provides a snapshot of key state activity in response to COVID-19, updating the information provided in AFSA’s previous COVID-19 white paper published last month. This month's white paper examines credit-specific policy changes, including mandatory fee waivers, payment deferrals, collections restrictions, and moratoriums on repossession and foreclosure. The paper also provides an overview of statewide closures of non-essential businesses, state attorneys general advocacy, DMV operating changes, and state legislative session adjustments.
This paper, along with SGA’s other white papers, can be found on the SGA resources section of AFSA’s website. In addition, AFSA’s coronavirus resource page, updated continually, contains both state and federal tracking charts and advocacy.
AFSA’s State Government Affairs (SGA) team today published a COVID-19 state policy update white paper, the second of two papers covering state responses to the coronavirus outbreak. The white paper provides a snapshot of key state… Read the rest
The safety and security of AFSA members and their customers is our top priority. To that end, AFSA has established a Coronavirus Resource Page for members containing key documents from federal, state and local government agencies, as well… Read the rest
AFSA sent a letter to the Small Business Administration (SBA) on April 21. AFSA wrote, “Our letter focuses on PPP eligibility, specifically: (1) agreeing that all small businesses are eligible for PPP loans, and (2) asking that the SBA clarify… Read the rest
A news article published this week in The Wall Street Journal claims that U.S. consumers in the subprime credit tier are beginning to fall behind on their auto loans. While the article presents data, it doesn’t explain the … Read the rest
The American Financial Services Association (AFSA) and fellow trade associations wrote to Congressional leaders supporting the extension of the Paycheck Protection Program (PPP). The loan program, scheduled to end on March 31, originated… 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