AFSA’s State Government Affairs team submitted a comment letter to Service Oklahoma regarding the upcoming implementation of the state’s mandatory electronic lien and title (ELT) program, scheduled to begin July 1, 2025. AFSA and the National Title Solutions Forum (NTSF) expressed concern that the program is not ready for implementation and could disrupt lien perfection and […]

On April 24th AFSA Senior Vice President Danielle Arlowe testified in person before a Rhode Island committee hearing in opposition to H 6055. This bill would opt-out the state from the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA). DIDMCA introduced parity for state banks, stipulating that state-chartered banks with federal insurance are also authorized to export interest […]

This week, AFSA responded to the Office of Management and Budget (OMB) Request for Information on Deregulation. This request invited the public to identify regulations that should be rescinded along with justifications for doing so. The request sought feedback on regulations that are “unnecessary, unlawful, unduly burdensome, or unsound.” AFSA’s comment requested that OMB review 14 different rules from the Consumer Financial Protection […]

In today’s competitive financial landscape, staying ahead requires more than just traditional approaches to asset finance. When it comes to money at work between lenders and borrowers, usage-based financing is transforming auto and equipment finance by shifting from fixed-cost ownership to flexible “pay-as-you-use” models. These models offer benefits such as lower upfront costs for customers […]

“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. Four Ways Lenders Can Get Paid Faster Author: Nolan Moran Maintaining healthy cash flow is crucial for lenders. Late payments don’t just hurt revenue, […]

AFSA’s State Government Affairs team submitted a comment letter to the Kentucky department of Revenue regarding the state’s U-Drive-It Program and recent guidance affecting credit insurance and debt cancellation products. In the letter, AFSA raised concerns about the department’s interpretation of refund requirements under KRS 138.463. Specifically, AFSA urged the department to clarify that refunds for credit […]

On May 6, the CFPB announced more details on its priorities. The agency said that it is not prioritizing enforcement actions based on an interpretive rule published in May 2024. That rule articulated the circumstances in which buy-now-pay-later creditors could meet the criteria as being card issuers under the Truth in Lending Act, triggering a variety of […]

“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. In 2024, vehicle-finance fraud surged more than 16% to an estimated $9.2 billion—and experts warn that this upward trend will continue wreaking havoc on […]

Financial Literacy Month is a wrap and the AFSA Education Foundation was honored to attend the U.S. Treasury Department‘s financial literacy roundtable hosted by its Offices of Community and Economic Development and Consumer Policy. A highlight of meeting, entitled Empowering Americans in Underserved Communities through Financial Literacy, was hearing from partner organization representatives and Treasury Secretary Scott Bessent sharing his personal financial literacy story. […]

AFSA’s May State Government Affairs white paper details how states are increasingly considering “all-in” rate caps that redefine how APR is calculated. These new laws, often modeled after the Military Lending Act’s broader MAPR definition, risk distorting the true cost of credit and confusing borrowers. With potential consequences including reduced credit access and unintended economic fallout, lawmakers must carefully evaluate […]