American Credit News

Consumer payment preferences are evolving, and modern payment technologies are adapting to meet the increasing demand for debit transactions.

The American Fintech Council (AFC) has lauded recent Congressional actions aimed at revamping the federal student lending program.

Sarah Flowers, senior vice president and senior associate general counsel of regulatory affairs at the Bank Policy Institute (BPI), is set to testify before the U.S. House Subcommittee on Financial Institutions and Monetary Policy.

Capital One announced a $1 million investment to support Community Development Financial Institutions (CDFIs) in New Orleans.

U.S. Senator Elizabeth Warren and Congresswoman Maxine Waters have called for an investigation into the Board of the National Credit Union Administration (NCUA) following the alleged illegal firings of two of its members by President Trump.

AFSA has recently issued a response to the New York Department of Motor Vehicles concerning new guidelines for electronic lien and lease reporting.

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AFSA's State Government Affairs team recently submitted a comment letter to the Rhode Island Senate Committee on Commerce about Senate Bill 17, aimed at addressing "junk fees" and deceptive pricing practices.

Ling Ling Ang, managing director of NERA Economic Consulting, has expressed concerns that lowering interchange fees may lead to reduced rewards for credit card users and increased costs for consumers unable to switch providers.

U.S. Senator Elizabeth Warren and her colleagues have raised concerns with the Federal Deposit Insurance Corporation (FDIC) regarding defense measures for bank deposits amid actions by the Department of Government Efficiency (DOGE), led by Elon Musk.

The American Fintech Council (AFC) has announced that Afterman Software has joined as a new member.

AFSA has acknowledged the conclusion of the CFPB's lawsuit against Credit Acceptance Corporation.

U.S. Senator Elizabeth Warren has addressed a letter to Federal Reserve Vice Chair nominee Michelle Bowman, marking one year since the financial collapse of Evolve-Synapse, which affected over 100,000 consumers by freezing their funds.

The American Fintech Council (AFC) has voiced its concerns regarding Senate Bill 784 (SB 784) in a letter to the California Senate Judiciary Committee.

In a rapidly changing economic landscape, asset finance leaders are faced with the decision to either evolve or face the threat of obsolescence.

Julian Morris, a senior scholar at the International Center for Law & Economics, said that credit card price controls have not succeeded in benefiting consumers and small merchants.

Bangor Savings Bank has become the latest member of the American Fintech Council (AFC), an association representing fintech companies and innovative banks.

Bank of America Corporation announced it will redeem on May 9, 2025, all €1.25 billion principal amount outstanding of its 0.808% Fixed/Floating Rate Senior Notes, which are due on May 9, 2026.

Join Nick Babinsky on Thursday, April 24th, as he discusses the evolution of business-to-consumer messaging in lending.

The American Council of Life Insurers (ACLI) has released its April 2025 Financial Resilience Index, which evaluates the ability of middle-class households to manage financial challenges and plan for a stable future.