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, or other technology. In the letter, AFSA voiced its concerns regarding these amendments, arguing that electronic service should be available only as a last resort. As written, the rules would pose an undue regulatory challenge for businesses due, in part, to how companies manage social media accounts and a lack of specificity regarding service of an official business account rather than those of individual employees, both of which would make it difficult to ensure proper receipt of service. Given these concerns, AFSA argued that the rule should be limited to non-business entities. If the Supreme Court does not decide to exclude businesses, AFSA alternatively proposed changes to the rules that would clarify additional requirements regarding service of business entities.
This comment letter can be found on AFSA’s coronavirus resources page as well as the SGA direct advocacy page.
AFSA Comments on Electronic Service
Dec 09, 2020
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
Congressional Panels Urge the Administration to Simplify PPP Loans
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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
CFPB Provides Critical Mortgage Resources for Consumers
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The Consumer Financial Protection Bureau (CFPB) yesterday released a new suite of resources for consumers who may have difficult making mortgage payments as a result of the coronavirus pandemic.
AFSA encourages its members to share the … Read the rest
Remove the Rate Cap from the Jobs and Neighborhood Investment Act
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The objectives of the bipartisan, bicameral legislation, Jobs and Neighborhood Investment Act, are laudable. These bills, H.R. 7709 and S. 4255, direct billions in new investments to help low-income and minority communities withstand… Read the rest
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Today, the American Financial Services Association (AFSA) joined several other financial services trade associations in a letter urging Congressional leaders to pass legislation to uniformly apply the Federal Accounting Standards… Read the rest
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LISTEN | AFSA: Locked in During Lockdown on the Extra Credit Podcast
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In this episode of the AFSA Extra Credit Podcast we talk with Danielle Fagre Arlowe, the head of AFSA's State Government Affairs team, about what AFSA's been doing on the state front to advocate for members and the variety … Read the rest
AFSA Asks Senate to Help Consumers
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The American Financial Services Association (AFSA) yesterday sent a letter to Senate Majority Leader Mitch McConnell (R-KY) and Minority Leader Chuck Schumer (D-NY) asking that the Senate explore several measures that would help consumers… Read the rest
SBA Updates Loan Guidelines
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The Small Business Administration (SBA) in the past 48 hours has updated their guidelines for both the review and return of Paycheck Protection Program (PPP) loans in two FAQs.
FAQ 46 states that the SBA will consider any borrower that received… Read the rest