Given some Congressional skepticism of the direction of the Bureau since the departure of Director Richard Cordray, this hearing should provide for a lively discussion on policy preferences from House members in both parties. The hearing will be available on the HFSC website and AFSA staff will keep members informed.

Today, California Attorney General Xavier Becerra released the office’s long-awaited proposed regulations implementing the California Consumer Privacy Act (CCPA). AFSA previously submitted comments on behalf of its members, raising significant concerns with the draft regulations during the preliminary rulemaking process.

In this edition of the AFSA CEO Update, Bill Himpler outlines a few of the key issues the association is tracking, including a lawsuit in Nevada, the House Financial Services Committee schedule, and statements during the presidential campaign.

Yesterday, AFSA filed a motion for a preliminary injunction in its lawsuit in federal court seeking to enjoin enforcement of the spousal credit history provisions of Nevada SB 311/Ch. 280. The motion is available here.

Join us on October 17 at 2:00 p.m. ET for How Real-time Payments Drive Satisfaction, presented by ACI.

Sarah Bloom Raskin is one of the distinguished leaders of the financial services sector, having served as Deputy Treasury Secretary under President Obama from March of 2014 until January of 2017, as the highest-ranking woman in Treasury Department history. She served as a Federal Reserve Board Governor from 2010 to 2014, where she helped steward the American economy through one of the most challenging economic periods of the past century.

The American Financial Services Association is pleased to welcome Brian Johnson to the 2019 AFSA Annual Meeting in Nashville.

AFSA CHALLENGES NEW NEVADA CREDIT PROVISIONFederal preemption makes new state requirement impossible to implement

AFSA's State Government Affairs team published its monthly white paper today, covering the California Consumer Privacy Act (CCPA), which becomes effective January 1, 2020. The white paper describes the current provisions of the CCPA and takes an in-depth look into the changes made to the law over the 2019 legislative session. It also details the actions the state attorney general has taken thus far in the rulemaking process. In addition, the paper provides an overview of data privacy laws introduced in other states this legislative session.