Last week, AFSA’s State Government Affairs team submitted a comment letter in support for WV SB 702.  SB 702 is an important step toward modernizing West Virginia’s consumer credit laws by replacing an outdated tiered rate structure with a clear, 36% APR cap, improving both simplicity and access to responsible credit. This reform will help more […]

U.S. Sens. Sheldon Whitehouse (D-RI), Elizabeth Warren (D-MA), Jack Reed (D-RI), and Jeff Merkeley (D-OR)  introduced legislationthat would grant states the ability to limit consumer loan interest rates. The Empowering States’ Rights to Protect Consumers Act seeks to address the 1978 Supreme Court decision Marquette National Bank of Minneapolis v. First of Omaha Service Corporation, which ruled that a national […]

AFSA continues to work on issues relating to the implementation of the 2025 vehicle finance interest tax deduction. The deduction was part of the 2025 reconciliation package, and was designed to “deliver on presidential priorities to provide new middle-class tax relief.”  The deduction for vehicle finance interest was written to provide a deduction from income […]

Needlessly burdensome and even antagonistic regulation is often cited as a source of inefficiency, driving up costs for the consumer finance industry and ultimately for consumers. A new report from the Council of Economic Advisors (CEA) put some hard numbers on just how much one component of this system, the CFPB, really does cost. In […]

From Risk to Vehicle Recovery: One Connected Ecosystem Thursday, May 7, 2026 at 2:00 p.m. ET Auto lenders are navigating rising delinquencies, increased charge-offs, and greater pressure to recover assets faster while maintaining compliance. Yet many recovery programs remain fragmented across data providers, recovery vendors, and skip tracing services. This webinar introduces One Connected Ecosystem, showing […]

AFSA Webinar | The Future of Auto Finance Payments: Trends, Challenges, and What Lenders Can Do to Get Ahead Thursday, February 19 at 2:00 p.m. ET Auto finance is changing fast—driven by shifting borrower expectations, economic pressure and increased scrutiny from regulators. Delinquencies are climbing, margins are tightening and servicing models are struggling to keep […]

“Industry Expertise” is sponsored content produced by AFSA’s Business Partners’ to provide thought leadership and best practices for AFSA member companies. For more information about this sponsored content opportunity, contact Dan Bucherer. Auto finance’s first line of defense: Raising the standard in integrated software partnerships and data strategy In her latest article, Emily Hammond, Alfa’s Director […]

Perhaps it’s a happy coincidence that Sen. Elizabeth Warren’s staff requested that AFSA submit its response letter regarding vehicle repossessions on Presidents Day. After all, from Alexander Hamilton’s push to establish national credit to today’s vehicle finance market helping more than 80 million Americans get to work or school or to run errands every day, […]

On February 5, Senator Elizabeth Warren announced she had “launched a probe” regarding “harmful anti-consumer practices as auto repossessions skyrocket to levels not seen since the 2008 financial crisis.”  In a letter received by AFSA, Senator Warren contends that there is something wrong with repossession activity, and that consumers suffer. All stakeholders agree that vehicle […]

From Risk to Vehicle Recovery: One Connected Ecosystem Thursday, March 5, 2026 at 2:00 p.m. ET Auto lenders are navigating rising delinquencies, increased charge-offs, and greater pressure to recover assets faster while maintaining compliance. Yet many recovery programs remain fragmented across data providers, recovery vendors, and skip tracing services. This webinar introduces One Connected Ecosystem, showing […]