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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The featured AFSA Business Partner for August is Lightico. We asked them a few questions about the value of AFSA membership and some of the opportunities or challenges they face in 2022. Learn more at lightico.com. What are some key initiatives for your clients in 2022 that you are planning to support? Rising inflation and high […]

Join as an AFSA Business Partner by August 31st and receive a complimentary registration to the 2022 AFSA Annual Meeting at the historic Breakers Hotel in Palm Beach – a $1499 value! Founded in 1916, AFSA is the primary trade association for the consumer credit industry, protecting access to credit and consumer choice. AFSA members […]

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 […]