The House yesterday passed H.R. 3962, the Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2021, also known as the SECURE Act, with a vote of 336-90. Introduced by Reps. Madeleine Dean (D-PA), Kelly Armstrong (R-ND), and 32 original bipartisan cosponsors, the SECURE Act expands the usage of Remote Online Notarizations (RONs) […]

We’ve got an special series of episodes for you here on the AFSA Extra Credit Podcast. Over the next three episodes or so, I’ll be joined by my colleague Philip Bohi, AFSA’s VP of Compliance Education to discuss our recent purchases of new vehicles. We thought, given our work with the vehicle finance industry and […]

The U.S. Census Bureau last year launched a survey on the financial health of American households. While the Census survey is new and has little historical data to draw upon, the most recent iteration of the tracking survey confirms the challenges many American consumers are facing in these inflationary times. “Four in ten adults said […]

Join us for AFSA’s 2022 Annual Meeting at one of America’s most iconic resorts – The Breakers in Palm Beach, Florida. Discuss how one of America’s most crucial industries – consumer credit – is creating opportunity for our customers while sustaining our economy. Break away and grow… Your knowledge of the evolving consumer credit marketplace and what […]

This week, the American Financial Services Association, along with ACA International, the Consumer Data Industry Association, and the National Automobile Dealers Association, requested that the Federal Trade Commission (FTC) delay the effective date of the Standards for Safeguarding Customer Information rule (Final Rule) until December 2023. AFSA members appreciate the FTC’s work to protect customers’ […]

The American Financial Services Association (AFSA) supports Ranking Member Luetkemeyer (R, MO) and Small Business Committee Republican Members calling on the Securities and Exchange Commission (SEC) to rescind The Enhancement and Standardization of Climate-Related Disclosures for Investors proposed rule. AFSA commented on the proposed disclosure rule in June. As Representative Luetkemeyer writes, the wide reach […]

Our friends at the Consumer Financial Protection Bureau are out today with a commentary on protecting America’s military servicemembers. It’s an important topic not only for the men and women of the Armed Forces, but for the nation they serve to protect, as well as policymakers who set the rules that affect our servicemembers. We […]

The American Financial Services Association has long supported a federal privacy law that is durable and protects American consumers. However, AFSA has significant concerns with H.R. 8152- the American Data Privacy and Protection Act (ADPPA), will affect the ability of financial institutions to best serve their customers. First, regulated financial institutions are already subject to […]

A new provision in South Carolina’s recently passed state budget will require high school students to complete a course in personal finance before graduation. The Council on Economic Education’s 2022 Survey of the States reports that only nine have a similar personal finance requirement.  The new course enables South Carolina youth to gain fundamental knowledge […]

Today, AFSA commented on the several amendments under consideration before the House Rules Committee regarding the FY2023 National Defense Authorization Act (NDAA). Below is a quick summary of those amendments. AFSA Supports the Perlmutter #107 Amendment. The amendment would prohibit a federal banking agency from terminating a banking relationship with a legal business unless there […]