American Credit News

The Federal Deposit Insurance Corporation (FDIC) has decided to withdraw its proposed rule concerning Parent Companies of Industrial Banks and Industrial Loan Companies (ILC).

Consumers have the right to access their financial data, according to Phil Goldfeder, CEO of the American Fintech Council.

AFSA's State Government Affairs has released its July white paper addressing concerns about the "true lender" doctrine and state actions to prevent evasion of interest rate caps through bank-fintech partnerships.

The recently enacted "One Big Beautiful Bill" (OBBB) is a comprehensive piece of legislation impacting various sectors of the American economy, including consumer financial matters.

Fragmentation in global financial regulation poses risks to competition, economic growth, and the resilience of financial systems, according to a paper published by the Bank Policy Institute (BPI), GFMA, and the Institute of International Finance.

Bank of America is set to release its financial results for the second quarter of 2025 on Wednesday, July 16.

In the current lending landscape, local presence remains a key asset for traditional and nonbank lenders.

The American Fintech Council (AFC) has filed an amicus brief in the case of Forcht Bank, N.A. et al. v. Consumer Financial Protection Bureau, et al., supporting the CFPB's rule on consumer data rights under Section 1033 of the Dodd-Frank Act.

The American Financial Services Association (AFSA) has announced the appointment of Celia Winslow as its new President and Chief Executive Officer, following the planned retirement of Bill Himpler.

The American Fintech Council (AFC) has submitted a comment letter to the Office of the Comptroller of the Currency (OCC) in response to its recent Request for Information on community bank digitalization.

The American Fintech Council (AFC) has expressed approval for the Louisiana Legislature's recent enactment of House Bill 368, a law setting responsible standards for Earned Wage Access (EWA) services.

Americans are anticipated to spend around $15 billion on Independence Day supplies such as food, drinks, and fireworks this year.

The Bank Policy Institute, The Clearing House Association, and the Consumer Bankers Association have jointly submitted comments to the U.S. Department of the Treasury.

The American Financial Services Association (AFSA), a longstanding trade association dedicated to the consumer credit industry, has announced Celia Winslow as its new President and Chief Executive Officer.

Uncertain economic conditions continue to challenge U.S. consumers, many of whom struggle to meet basic needs and prepare for future expenses.

Last week, the House Financial Services Subcommittee on Oversight & Investigations conducted a hearing titled “From Watchdog to Attack Dog: Examining the CFPB’s Chopra-era Assault on Disfavored Industries.” The session focused on regulations and...

Rocket Companies, a Detroit-based homeownership platform, has finalized its acquisition of Redfin.

Following more than two years of advocacy, the American Fintech Council (AFC) has achieved a significant regulatory milestone.

The American Fintech Council (AFC) has expressed its approval of the Federal Deposit Insurance Corporation's (FDIC) recent decision to approve the Customer Identification Program (CIP) Rule Exemption Order.

The Federal Reserve has decided to maintain short-term interest rates, keeping the federal funds rate target range at 4.25 percent to 4.5 percent, a level it has held since December of last year.