American Financial Services Association - AFSA White Paper Details COVID State Policy Responses
American Financial Services Association

AFSA White Paper Details COVID State Policy Responses

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The American Financial Services Association State Government Affairs (SGA) team yesterday published a COVID-19 state policy update white paper, the first of two covering state responses to the coronavirus outbreak.

The white paper provides an overview of policy changes states have implemented in response of the pandemic. In order to combat the spread of the virus, all 50 states and the District of Columbia have declared some type of state of emergency to activate available resources; many states have changed legislative session calendars to limit interactions among legislators. Many states are also taking steps to provide economic assistance to individuals facing hardship resulting from the pandemic.

The paper describes some of the consumer-credit policy changes states have implemented, such as mandatory fee waivers, payment deferrals, and moratoriums on repossession and foreclosure.

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 materials. The next COVID-19 state policy update white paper will be released in early May.

AFSA White Paper Details COVID State Policy Responses
Apr 17, 2020

The American Financial Services Association State Government Affairs (SGA) team yesterday published a COVID-19 state policy update white paper, the first of two covering state responses to the coronavirus outbreak.

The white paper provides… Read the rest

Get the Download on PPP & Employee Considerations on the Extra Credit Podcast
Apr 17, 2020

The next two episodes of the AFSA Extra Credit Podcast are a bit different. We talk with attorneys from Troutman Sanders about the impact coronavirus is having on the consumer credit industry. Throughout the conversation, our guests highlight… Read the rest

Himpler: SBA Can Do Right by Businesses & Consumers
Apr 16, 2020

American Financial Services Association President and CEO Bill Himpler posted the following related to the current status of federal COVID-19 response lending policies.

Across the country, member companies of the American Financial … Read the rest

AFSA Submits Comments on Federal Reserve Funding Facilities
Apr 16, 2020

The American Financial Services Association has been in ongoing contact with officials at the White House, Federal Reserve, Treasury, the Small Business Administration, as well as Congress, regarding the various funding programs for … Read the rest

LISTEN | Paycheck Protection Program & Employee Considerations on the AFSA Extra Credit Podcast
Apr 13, 2020

The next two episodes of the AFSA Extra Credit Podcast are a bit different. We’ll be talking with attorneys from Troutman Sanders about the impact the coronavirus is having on the consumer credit industry. Throughout the conversation,… Read the rest

Bursting the “Bubble” Myth
Apr 10, 2020

In times of economic uncertainty it is not a surprise that any number of economic prognosticators are out there opining and crystal-ball gazing, whether those views are based on facts or not.

One example of this is the myth of a “bubble”… Read the rest

GM Financial Offers Resources to Help Consumers, Communities
Apr 09, 2020

GM Financial has launched a variety of asisstance options for its auto finance consumers. The company is waiving all late fees from March 1 through April 30 and is offering lease end assistance. Learn more at GM's coronavirus pageRead the rest

SheppardMullin Offers COVID-19 Insights for Consumer Finance Community
Apr 07, 2020

SheppardMullin has established a comprehensive collection of resources for the consumer finance industry and other interested parties. The page contains a multitude of documents, updates and guidance at the national, state and local … Read the rest

TD Offering Programs to Help Consumers & Businesses
Apr 06, 2020

TD Bank and TD Auto Finance are offering assistance to consumers affected by Coronavirus, including deferred payments, waived late fees and refunds on transaction fees. TD is also offering assistance with SBA and CARES loans to business … Read the rest

AFSA Resources & Member Stories
Apr 06, 2020

The American Financial Services Association continues to gather critical resources for members as they work to support consumers through the coronavirus crisis. The documents, available at afsaonline.org/Coronavirus, include AFSA's… Read the rest

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