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Industry Pulse
Nov 29, 2023

What is the state of the vehicle marketplace and where do consumers stand as they plan for 2024?  How are overseas markets and industry players thinking about their forward-looking strategies and the U.S. market?  And where are the U.S. and global economies – and vehicle finance markets – headed in the coming year with both […]

Charge! What’s Accelerating the EV Market in 2024?
Nov 29, 2023

With EV innovation, affordability, and financing options aligning for U.S. market growth in 2024, will U.S. policies and infrastructure keep pace? Gain exclusive insights in this must-attend session for AFSA conference participants from our All-Star Industry Analysts on market forecasts, access and affordability, and their views on where industry and consumer incentives and infrastructure build out […]

Congress Seeking Clarity
Nov 29, 2023

Consumers want to do business with companies that treat them fairly, are transparent, and – in the case of financial institutions – provide clear and easy to understand terms. Businesses should expect the same treatment from the policymakers and regulators that oversee them. AFSA appreciates the letter from Reps. Huizenga, Meuser, and Ogles to the […]

All In on AI? Accelerating Opportunity, Mitigating Risk
Nov 27, 2023

Financial industries are always looking to embrace innovations to meet consumer needs, particularly when it comes to understanding and utilizing data for a good, frictionless, and personalized digital experience for customers. As companies leverage AI and machine learning for data insights and an accurate understanding of their customers, how is AI providing actionable insights that […]

Commenting on Concerns
Nov 21, 2023

Last week, the American Financial Services Association joined several other groups urging the Consumer Financial Protection Bureau (CFPB) to issue an Advanced Notice of Proposed Rulemaking (ANPR) before it publishes a Notice of Proposed Rulemaking (NPRM) to amend the Fair Credit Reporting Act. AFSA and the other trades are concerned that a rushed, inadequate rulemaking […]

AFSA Opposes Arbitration Rulemaking
Nov 14, 2023

Today, AFSA joined a coalition letter urging the CFPB to deny the recent Petition for Rulemaking that would establish regulation banning pre-dispute arbitration provisions in contracts for consumer financial services. AFSA opposes new CFPB rulemaking in this space because arbitration reduces transaction costs and enables fair, speedy, and efficient dispute resolution, thereby providing significant advantages […]

Convening on Inclusion
Nov 09, 2023

This week Assistant Secretary for Financial Institutions Policy, Graham Steele chaired a convening in the Treasury Cash Room. Civil rights organizations, consumer advocates, and research organizations discussed financial inclusion and financial barriers that underserved communities face. This week’s meeting was one of many the Department of the Treasury is hosting in an effort to develop […]

CFPB Should Fix Conflicting Proposals
Nov 09, 2023

American Financial Services Association (AFSA) has submitted comments on the Consumer Financial Protection Bureau’s (CFPB) recent action in the Fair Credit Reporting Act (FCRA) space. The letter addresses several proposed changes in the “Small Business Advisory Review Panel for Consumer Reporting Rulemaking Outline of Proposals” (SBREFA). AFSA shares the CFPB’s mission to protect consumers from data […]

The “Regular Appropriations Ragtime Jam”
Nov 08, 2023

There has been a lot of talk recently in Washington about the appropriations process. And while it may not be as catchy as “I’m just a bill …” understanding the appropriations process is just as important and entertaining as other “Schoolhouse Rock” civics sessions.  So let’s dive in: Appropriations has been used as a bargaining […]

Senate Hearing Readout
Nov 08, 2023

Last week, the Senate Banking Committee held a hearing that AFSA attended and to which we submitted a letter for the record. AFSA’s main goal was to ensure that senators did not promote an extension of rate caps or an expansion of the Military Lending Act (MLA). While we had heard that Sen. Jack Reed […]

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