This week, Rep. Sarah McBride (D-DE) testified before the House Financial Services Committee in support of the Ending Scam Credit Repair Act (ESCRA). This bipartisan bill sponsored by Reps. McBride and Young Kim (R-CA) targets deceptive credit repair organizations (CROs) that mislead consumers with high upfront fees and false promises of credit score improvements. Representative McBride testified that, […]

Join us on June 26, 2025 at 2:00 p.m. EST! When lenders only zero-in on per-transaction fees, they miss what’s really driving up total cost of acceptance: avoidable payment exceptions, manual agent intervention and legacy technology. Join PayNearMe as we dive deeper into the factors which influence total cost of acceptance and see how Payment […]

“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.   Balancing Compliance and Convenience: Consumer Finance Trends to Watch In today’s fast-evolving financial services landscape, lenders and merchants face a critical challenge: how […]

​AFSA’s State Government Affairs team recently submitted a lengthy letter to the New York Department of Consumer and Worker Protection (DCWP) expressing significant concerns regarding proposed amendments to debt collection rules. While AFSA supports fair debt collection practices, the current proposals could unintentionally harm New York consumers and financial institutions. Key Concerns and Recommendations: Original Creditors: AFSA argues that applying the […]

AFSA’s State Government Affairs team submitted a veto letter to Alaska Governor Mike Dunleavy to veto S.B. 39, a well-intentioned but deeply problematic proposal to cap the Annual Percentage Rate (APR) on loans up to $25,000. If enacted, this bill would severely limit access to safe, affordable credit for thousands of Alaskans, especially those with less-than-perfect credit. S.B. 39 would […]

AFSA’s Federal Congressional Affairs team has been monitoring U.S. Senate activity around the One Big Beautiful Bill, and hears that the Senate parliamentarian struck the provision that cut the Consumer Financial Protection Bureau’s  maximum funding to 0% of the Federal Reserve’s operating expenses.  AFSA has not yet heard whether Senators will attempt to place a […]

“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. The Digital Funding Journey Has Changed  As car buyers expect a more seamless digital experience, the automotive industry has embraced digital transformation. While much […]

“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. ———————————————————————————————- Natural disasters are getting costlier – and subprime portfolios take a hit. Learn how emerging insurance tracking strategies can help lenders reduce uninsured […]

Last week, AFSA submitted comments to the CFPB on two changes to rules controlling how the CFPB manages supervision of covered companies. These are rules relating to supervisory designation and adjudications. In both instances, the CFPB decided to withdraw past rule changes in order to make operations more fair to covered companies. Our letters observed […]

Join us on June 26, 2025 at 2:00 p.m. EST! When lenders only zero-in on per-transaction fees, they miss what’s really driving up total cost of acceptance: avoidable payment exceptions, manual agent intervention and legacy technology. Join PayNearMe as we dive deeper into the factors which influence total cost of acceptance and see how Payment […]