Yesterday, AFSA submitted a comment letter to the Chairs and ranking Members of the House and Senate Armed Services Committees outlining its position on several provisions of the National Defense Authorization Act (NDAA) for Fiscal Year 2023 (S. 4543 and H.R. 7900). The NDAA sets the annual budget and spending priorities of the Department of […]

The Featured Premier Business Partner for August is Lightico. We asked them a few questions about their goals for 2022 and the benefits of being an AFSA Business Partner. Learn more about Lightico.com. What are some key initiatives for your clients in 2022 that you are planning to support? Rising inflation and high oil prices […]

Join us on August 17, 2022 at 2:00 p.m. ET for The CFPB Flexes its Muscle in the Fair Lending and Anti-Discrimination Space: Thoughts on How to Reduce Your Risk. Earlier this year, the Consumer Financial Protection Bureau (CFPB) substantially expanded its authority to police alleged discrimination by issuing a revised Unfair Deceptive Acts and Practices […]

The Consumer Financial Protection Bureau (CFPB) today announced a series of technical readiness events in preparation for compliance with Small Business Lending data reporting requirements. “These events are targeted towards in-house technologists at financial institutions and providers or vendors that support financial institutions in building, modifying, or using software systems for regulatory compliance,” the Bureau’s […]

Last month, AFSA, 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. Complying with the new rule will require the creation of new processes and extensive vetting […]

Today, the American Financial Services Association wrote to the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC), commenting on their efforts to modernize the Community Reinvestment Act (CRA). While these efforts are appreciated, the proposed inclusion of automobile loans as a mandatory part of the […]

AFSA, along with several other trade associations, submitted an amicus brief in Sessa v. TransUnion. In the case, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) argue that the Fair Credit Reporting Act (FCRA) does not distinguish between “legal” and “factual” inaccuracies, and thus credit reporting agencies (CRAs) may be held liable for […]

The New York Federal Reserve released a report on Tuesday noting that credit card debt in 2022 has surged in the second quarter, up $46 billion or 5.5% as compared to the first quarter. “Americans are borrowing more, but a big part of the increased borrowing is attributable to higher prices,” the report noted. The […]

AFSA’s State Government Affairs team recently released its latest White Paper. This month’s white paper is on electronic and remote online notarization. The white paper takes a deep dive on the legislative and regulatory history of electronic (e-notary) and remote online notarization (RON). More than 1.25 billion documents are notarized each year by the approximately […]

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