Earlier this week AFSA joined an industry panel organized by the House Financial Services Committee majority staff. The staff was seeking insights on the CFPB in the sunup to Acting Director Russell Vought’s testimony before the committee next week. AFSA compared the Bureau under former Director Rohit Chopra to the current Bureau. We noted that today the […]

The June employment report from the Bureau of Labor Statistics sends​ us into the holiday weekend with a mixed take on labor market conditions. The labor market is still expanding, but at a notably slower pace than earlier in the year. Nonfarm payrolls increased by just 57,000 jobs in June, coming in below consensus expectations and down from […]

AFSA’s latest State Government Affairs white paper looks at repossession moratoria enacted in past years and recent state repossession legislation. Most states that once imposed repossession bans have let them lapse, but the District of Columbia’s law is still on the books. It ties repossession moratoriums to any declared public emergency, and as a result, DC has […]

BUSINESS PARTNER WEBINAR Beyond the Paperwork: Stopping Asset Finance Fraud with Identity Intelligence and Intelligent Decisioning July 16, 2026 at 2:00 p.m. ET Most asset finance fraud is built to pass traditional checks, leaving lenders exposed before detection. Socure and NETSOL will explore why fraud losses are rising and how identity intelligence reveals risks missed […]

This week the Senate Committee on Banking hosted a hearing to examine “The Affordability Agenda.” Although the hearing split quickly along partisan lines over causes and solutions to rising consumer costs, Chairman Tim Scott (R-SC) emphasized the need to preserve consumer affordability while ensuring that financial institutions are not unfairly targeted by federal agencies, noting, “Reckless spending and heavy-handed […]

This week the CFPB announced changes to its consumer complaint system to address misuse. In particular, the CFPB is working to reduce misuse of the system by people and organizations seeking to manipulate credit reports and scores by removing accurate but derogatory information. These actions include updating procedures for Consumer Reporting Agencies (CRAs) to standardize substantive and administrative response closure categories and […]

“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 AFSA Membership. Auto finance lenders continue to navigate a complex environment, the most successful institutions can effectively balance growth and risk while responding to four […]

In a widely expected decision, the Federal Open Market Committee (FOMC) held the line on interest rates at new Fed chair Kevin Warsh’s first meeting on June 16 and 17. The federal funds rate target remains at 3.5 percent to 3.75 percent, where it has stood since late last year. The decision is being described as […]

A recent post on the Federal Reserve Bank of New York’s Liberty Street Economics blog offers a sobering look at how interest rate caps reshape the consumer lending market, often in ways their proponents may not intend. The analysis, drawn from a New York Fed Staff Report, examines three states (Illinois, South Dakota, and North Dakota) that enacted 36 […]

AFSA’s State Government Affairs team submitted a comment letter raising concerns with Pennsylvania HB 2344, which would establish a coerced debt framework in PA. While AFSA members acknowledge the serious harms of domestic violence and economic abuse, the letter cautioned that the bill as written is overly broad and creates meaningful opportunities for exploitation by bad actors. AFSA […]