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 […]

This week, the American Financial Services Association, 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. AFSA members appreciate the FTC’s work to protect customers’ […]

The American Financial Services Association (AFSA) supports Ranking Member Luetkemeyer (R, MO) and Small Business Committee Republican Members calling on the Securities and Exchange Commission (SEC) to rescind The Enhancement and Standardization of Climate-Related Disclosures for Investors proposed rule. AFSA commented on the proposed disclosure rule in June. As Representative Luetkemeyer writes, the wide reach […]

Our friends at the Consumer Financial Protection Bureau are out today with a commentary on protecting America’s military servicemembers. It’s an important topic not only for the men and women of the Armed Forces, but for the nation they serve to protect, as well as policymakers who set the rules that affect our servicemembers. We […]

The American Financial Services Association has long supported a federal privacy law that is durable and protects American consumers. However, AFSA has significant concerns with H.R. 8152- the American Data Privacy and Protection Act (ADPPA), will affect the ability of financial institutions to best serve their customers. First, regulated financial institutions are already subject to […]

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 […]