AFSA appreciates the decision by the Consumer Financial Protection Bureau to suspend enforcement of the Payday, Vehicle Title, and Certain High-Cost Installment Loans regulation, specifically related to the payment withdrawal provisions and the payment disclosure provisions. AFSA has consistently called on the Bureau to not implement a highly flawed set of policies without first undertaking […]

This week, AFSA along with other financial associations, sent a letter urging the FDIC to withdraw its proposed rule that will negatively impact current ILC institutions and discourage future applications. In July 2024 the FDIC announced it was amending existing regulations governing parent companies of industrial banks and ILCs. This proposal will obstruct the ability […]

The latest episode of the AFSA Extra Credit Podcast features the leaders of the AFSA Education Foundation EDGE and Leadership Development programs. Why it matters: Sandena Peterson, Chris Reyes and Alan Noel share their perspectives on the importance of both THE EDGE and the Leadership Development Program, as well as some of the things they’ve […]

“Uncertainty” is a term being liberally tossed about nowadays as though it were a new concept to Washington. But as AFSA noted in its recent letter to President Trump’s Domestic Policy and National Economic teams, uncertainty has long been engendered by Washington regulators, whether at the CFPB, FTC, FCC or the Department of Defense. American […]

On March 18, 2025, AFSA submitted a comment letter in connection with the CFPB’s proposal to launch an Auto Loan Survey.  This proposal was issued on January 17, 2025. The proposal is unusual because it seeks subjective information about consumer’s opinions about matters that are outside of the CFPB’s authority.  In particular, this survey intends […]

On March 17, 2025, AFSA submitted a comment letter to the IRS regarding a proposed rule for Commercial Clean Vehicle Tax Credits.  This rule intended to clarify aspects of the Section 45W tax credit. AFSA’s letter provided an explanation of how leasing companies are seeking clean vehicle tax credits and using proceeds of those credits […]

Join us Thursday, March 20th at 2:00 p.m. EST! In the fast-paced world of auto finance, staying ahead of the curve is not just a goal—it’s a necessity. In early 2025 the landscape is shifting under our feet, brought on by political shifts, economic fluctuations, and changing consumer behaviors – specifically affecting rates, vehicle prices, […]

AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry. What has been the most important lesson?   A valuable life lesson is to stay true to your values while showing grace to others. By holding firm to your principles, you ensure that your actions and decisions are aligned with […]

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 […]