Yesterday, President Biden’s three nominees to serve on the Federal Reserve Board of Governors testified before the Senate Banking Committee on a variety of financial service-related topics, including the ability for consumers to access small-dollar credit. During the hearing, Senator Tim Scott (R-SC) asked Fed nominee Sarah Bloom Raskin why she had previously endorsed legislation […]

This week, outgoing FDIC Chairman and past AFSA Annual Meeting speaker Jelena McWilliams wrote a response letter to Senator Mike Crapo (R-ID) regarding the measures her office has taken to remediate the effects of Operation Choke Point. AFSA commends Ms. McWilliams for the time and effort she and the FDIC have expended to end the […]

Join AFSA’s Senior Vice Presidents for Federal and State Affairs, Celia Winslow and Danielle Arlowe as they share their insights on federal and state legislative and regulatory matters, update policy trends, and predict what will take place this year in Washington and in state capitols across the country.

As Bishop Desmond Tutu said, “My humanity is bound up in yours, for we can only be human together.” Black History Month highlights the deep, rich legacy of African Americans that is so much of the binding of our nation’s heritage. Our ongoing commitment to focusing on these accomplishments – as well as a renewed […]

The featured Premier Business Partner for February is Hudson Cook. Learn more at hudco.com. Established in 1997, Hudson Cook, LLP focuses its practice on laws related to financial services, banking and information privacy. In addition to the regulatory compliance practice we assist with government supervision and enforcement, and consumer litigation. Our attorneys understand the complex […]

Today, the Independent Women’s Forum published a piece observing that New Mexico’s HB132, which would cap interest rates at 36%, would “rob the financially vulnerable of access to critical funds, leaving them in a more unstable financial situation.” The argument is powerful and worth reading in full on the IWF website.

Today (Saturday, January 29, 2022) the New Mexico House of Representatives Consumer and Public Affairs Committee will consider H.B. 132, which caps interest rates at 36% for consumer loans. The following statement can be attributed to Danielle Fagre Arlowe, Senior Vice President for State Government Affairs for the American Financial Services Association: “H.B. 132 is not only a bad […]

As you seek to create new digital customer experiences, leverage and expand use of data, and invest in technology innovations, cybersecurity threats are evolving and growing. While tools to mitigate such threats are becoming more sophisticated, so have the hackers’ tactics. Join Schellman CEO Avani Desai to discuss the top cybersecurity threats facing companies today […]

Rochelle McClanahan has been approved to join the AFSA Board and Executive Committee. In addition, she will be joining the AFSA Foundation Board. Ms. McClanahan is the Chief Financial Officer for Brundage Management Company, based in San Antonio, Texas. Brundage Management Company manages the operations for Sun Loan Company and Key Self-Storage. Ms. McClanahan began […]

The Consumer Financial Protection Bureau (CFPB) is seeking public input regarding what it termed “junk fees” that a number of different industries, such as financial services, entertainment and travel, charge consumers. “Many financial institutions obscure the true price of their services by luring customers with enticing offers and then charging excessive junk fees,” said CFPB […]