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 […]

The New York Times published a feature on the financial challenges active military servicemembers face. As with many of the journalistic efforts of late covering the consumer credit market, what’s more interesting than what is in the story is what is not. For example, the story attempts to highlight the risks of lenders who put […]

This week, AFSA’s State Government Affairs (SGA) team, in collaboration with the California Financial Services Association (CFSA), sent a letter to the California Department of Financial Protection and Innovation (DFPI) regarding DFPI’s proposed rulemaking on the consumer complaint process under the California Consumer Financial Protection Law (CCFPL).   The letter expresses AFSA and CFSA’s concerns over […]

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 […]

This week, AFSA’s State Government Affairs team published it’s July white paper which is an update of our evergreen paper on California E-Contracting Laws. The paper takes a deep dive into California’s Uniform Electronic Transactions Act (UETA), which allows for electronic signatures. California’s version of UETA differs from the uniform “official version” of UETA proposed by the […]

The featured AFSA Business Partner for July is Cox Automotive Solutions. What are some key initiatives for your clients in 2022 that you are planning to support? Over the past several years, digital efficiency trends have increasingly helped businesses develop and streamline operations. No matter how market conditions shift, technology solutions, AI and automation will […]

In this episode of the Extra Credit Podcast, we chat with Leigh Fatzinger, CEO with Turbine Labs, a company whose job it is to drink from the firehose of information and distill it down into a fine artesian spring water. AFSA partners with Turbine Labs to provide the daily News You Need as well as […]

The Consumer Protection and Commerce Subcommittee of the House Energy & Commerce Committee today unanimously passed H.R. 3962, the “Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2021, also known as the SECURE Act. Introduced by Reps. Madeleine Dean (D-PA), Kelly Armstrong (R-ND), and 32 original bipartisan cosponsors, the SECURE Act would […]

AFSA’s state government affairs team this week sent a letter to the California Senate raising concerns with SB 1311. Among other provisions, the bill would void the security interest in a vehicle financed by a covered service member if the contract also funds credit insurance or a credit-related ancillary product. As written, the bill would […]