Join us on Monday, February 2nd to hear from our 2026 Vehicle Finance Conference & Expo keynote speaker, Alison Levine, a preeminent business leadership expert, Alison Levine, mountaineer and polar explorer, faculty member at the Thayer Leader Development Group at West Point, and New York Times bestselling author of On the Edge. Having spent prolonged periods of […]

AFSA’s State Government Affairs team released its latest white paper, which provides a 2026 State Legislative Session preview and 2025 year-in review. The 2026 State Legislative agenda is focused on such emerging issues as Artificial Intelligence (AI), data governance, and information privacy. While debt collection, rate caps, and vehicle finance saw high legislative volume in 2025, other long-established areas, such […]

The Trump administration has reinstated wage garnishment for federal student loan borrowers in default following the expiration of pandemic-era repayment, reporting, and collections moratoria. Delinquency rates have skyrocketed recently and upwards of 3 million borrowers are believed to be delinquent (more than 270 days past due on their payments). Garnishment notices were issued to approximately 1,000 borrowers […]

New York Governor Kathy Hochul has signed  NY S 1353B into law, and AFSA’s State Government Affairs team have received the final, official chapter amendment. The bill, as originally presented to the governor, raised significant concerns for AFSA members. Over the past months, AFSA SGA sent a letter to the governor’s office in September outlining the bill’s far‑reaching implications […]

AFSA’s State Government Affairs team recently submitted a comment letter on California’s Department of Financial Protection and Innovation Debt Collection Licensing Act. AFSA and the California Financial Services Association (CFSA) provided comments to the Department of Financial Protection and Innovation (DFPI) regarding the proposed scope rule under the Debt Collection Licensing Act. While appreciating steps toward clarification, we remain primarily concerned […]

A recent working paper issued by the Federal Reserve Bank of New York, Less for You, More for Me: Credit Reallocation and Rationing Under Usury Limits, delves into the age old question of the efficacy of usury limits, i.e., interest rate caps. The study focuses on three states (South Dakota, North Dakota, and Illinois) that implemented […]

​Earlier this week AFSA submitted comments on the CFPB’s proposal to change small business lending data collection requirements established under Section 1071 of the Dodd-Frank Act (the 1071 Rule). This proposal contemplates streamlining data collections and establishing a simplified compliance date structure applicable to all affected lenders. The proposed compliance date will be January 1, 2028. AFSA was engaged […]

AFSA is pleased to support the bipartisan Housing for the 21st Century Act, which will boost housing supply, improve affordability, and streamline existing regulations for millions of Americans. Thanks to House Financial Services Committee Chairman French Hill (R-AR), Ranking Member Maxine Waters (D-CA), Housing and Insurance Subcommittee Chairman Mike Flood (R-NE), and Ranking Member Emanuel Cleaver […]

AFSA’s Consumer Credit Conditions (C3) Index for the third quarter of 2025 revealed a challenging quarter for consumer lenders offset by growing optimism about business conditions over the next six months. The survey of AFSA member companies shows current business conditions turned slightly negative in Q3, with a Net Improving Index (NII) of -5.9. This […]

In a new letter to President Trump and congressional appropriations committee leaders, the CFPB’s Acting Director Russell Vought wrote that the Bureau will need $279 million next year to maintain its required activities. This request comes on the heels of the Justice Department’s Office of Legal Counsel declaring the current CFPB funding mechanism from the Federal Reserve is illegal. The DOJ argues that the […]