This week, the American Financial Services Association (AFSA) and industry trade associations met with the Federal Communications Commission’s (FCC) Consumer and Governmental Affairs Bureau regarding proceedings before the FCC arising from the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act. Signed into law in 2019, the TRACED Act targets illegal and unwanted robocalls, most […]

Last week, AFSA staff attended the Consumer Financial Protection Bureau’s (CFPB) virtual advisory committee meetings at which members discussed the agency’s recent initiatives and rulemakings, along with broader discussions on COVID-19-related trends in the mortgage market. Specifically, the meeting included discussions on implementing Section 1071 and Section 1033 of the Dodd-Frank Act. Section 1071 requires […]

In this episode of the AFSA Extra Credit Podcast, we talk with Danny Cantrell, CEO and Co-founder of Solutions by Text. Danny has played an integral role at AFSA and is a mainstay at AFSA conferences and events. His expertise and thoughtfulness have helped accentuate the important role that AFSA business partners play in the […]

 Join us on December 3 at 2:00 p.m. ET for Auto Loan Accommodations: Insights from the Past, Applications for the Present. The COVID-19 pandemic significantly impacted consumers and businesses, and the auto industry is one of many that provided deferral and forbearance programs on existing loans. What will the pandemic’s long-term effects mean for the […]

AFSA joined a coalition of 80 trade associations asking policymakers to revise a proposed Paycheck Protection Program (PPP) review process. The members of the organizations have been on the frontlines both delivering and receiving aid from PPP loans which have been critical to the small business economy over the last eight months. The associations sent […]

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 information below with their customers. As the global pandemic continues to affect the lives and livelihoods of many of […]

Multiple media outlets have declared Joseph R. Biden, Jr., the winner in the 2020 presidential race. American Financial Services Association President and CEO Bill Himpler issued the following statement: “The American Financial Services Association congratulates President-elect Joe Biden and Vice President-elect Kamala Harris on being declared winners of the 2020 presidential election, and we look […]

As a key AFSA stakeholder you know firsthand the value of the organization. Thirty years ago AFSA leaders like you stepped up believing an informed consumer is a good consumer and the AFSA Education Foundation was born! The Foundation’s primary focus is educating students through the online curriculum, MoneySKILL. To date over one million students […]

The American Financial Services Association (AFSA) emphasized the importance of preserving access to credit in response to the Department of Treasury (Treasury) and Community Development Financial Institutions’ (CDFI) Fund revised CDFI certification application proposed by the respective agencies. CDFIs are private financial institutions which offer affordable financial products and services to low-income and disadvantaged communities. […]

The Consumer Financial Protection Bureau (CFPB) yesterday (November 9) released a report showing that a “sizeable fraction of young enlisted servicemembers go delinquent on debt payments or have severe derogatories (for example, defaults) on their credit record around the time they leave active duty.” The report, entitled Debt and Delinquency After Military Service looked at […]