Last week, AFSA joined the American Bankers Association, ACA International, America’s Credit Unions, and the Mortgage Bankers Association (the Trades) on a call with senior FCC staff to discuss proposed TCPA rules. These rules, which are scheduled to go into effect on April 11, 2025, would make any consumer revocation of consent for telephone calls or text […]
The American Financial Services Association joined other trade groups in supporting a Congressional Review Act (CRA) resolution sponsored by Sen. Mike Rounds (R-SD) and Rep. Ralph Norman (R-SC) to overturn the Consumer Financial Protection Bureau’s medical debt rule. While noting that medical debt is a serious concern for many Americans, the joint letter emphasizes that the […]
The American Financial Services Association joined other leading financial-services trade groups in sending a letter to Reps. Alexandria Ocasio-Cortez (D-NY) and Anna Paulina Luna (R-FL) opposing their legislation that would impose a 10 percent annual percentage rate (APR) cap for credit cards. This is a companion bill to a Senate proposal from Sens. Bernie Sanders […]
Consumer Lending by the Numbers
13.7 MILLION consumers hold a traditional installment loan
13.7
million
consumers hold a traditional installment loan
82 MILLION consumers in the PRIME VALUE or better risk tier
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