An article in the Bay St. Banner takes a page torn straight from the consumer “advocate” playbook: telling half of the story. The article details various legislative efforts around the country to implement restrictive, anti-consumer interest-rate caps, including a recent bill in Illinois. The piece is littered with the same misrepresentations and generalizations, the same […]

Leaders in both parties of Congress reached an agreement to extend the Paycheck Protection Program (PPP) for an additional two months. House Small Business Chair Nydia Velazquez (D-NY) and Ranking Member Blaine Luetkemeyer (R-MO) came to an accord yesterday. AFSA had joined with others in the industry last week asking for an extension of the […]

AFSA strongly supports H.R. 1491, the “Fair Debt Collection Practices for Servicemembers Act,” and wrote urging the House of Representatives to pass this legislation as quickly as possible. The Fair Debt Collection Practices for Servicemembers Act rightly prohibits a debt collector from threatening a servicemember’s rank, security clearance, and prosecution under the Uniform Code of Military Justice. These […]

The American Financial Services Association (AFSA) submitted an amicus brief on March 4 before the United States Court of Appeals for the First Circuit in Consumer Data Industry Association (CDIA) v. Frey. The case was brought by CDIA against Maine Attorney General Aaron Frey and Superintendent of the Maine Bureau of Consumer Credit Protection William […]

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If you attended the 2021 Vehicle Finance Conference last week, we are pleased to inform you that recordings of all sessions are now available at the AFSA Streaming Center. Click this link to visit the Streaming Center, part of AFSA’s website. On the top right of the page, click Sign In. You will be redirected to […]

The American Financial Services Association (AFSA) and fellow trade associations wrote to Congressional leaders supporting the extension of the Paycheck Protection Program (PPP). The loan program, scheduled to end on March 31, originated from the Coronavirus, Aid, Relief, and Economic Security (CARES) Act. The PPP provides assistance to small businesses to keep their employees on […]

From luxury SUVs to sporty convertibles, consumers have wide-reaching choices and preferences when it comes to transportation. They also have a lot of choices, and differing preferences, when it comes to paying for their vehicles. Join Darcy Locke of ACI Worldwide on March 4th at 2:00 p.m. ET in this interactive AFSA Business Partner Webinar […]

AFSA’s featured Business Partner for March is Securian | Allied Solutions. We asked them a few questions about the value of their business partner membership and the issues they’re facing. Learn more at alliedsolutions.com. What is the most important issue facing your company right now? We partner with finance companies in the auto and consumer finance space to […]

Small-dollar loans are crucial for the American consumer. Whether they’re looking to fund a car repair, purchase an appliance or pay for a much-needed vacation, millions of Americans rely on traditional installment loans each year.  That’s the argument that Paul Gasser makes in the Las Cruces Sun News, referring to New Mexico’s proposed Senate Bill 66 (SB 66), an anti-consumer rate […]