American Credit News Service News

Electronic Payments Coalition: Proposed bill ‘would force Americans’ credit cards to run on unknown, untested networks’

A spokesman for the Electronic Payments Coalition (EPC) said the proposed “Credit Card Competition Act” (CCCA), currently pending in Congress, would “force Americans’ credit cards to run on unknown, untested networks.”

Southwest Public Policy Institute President: CFPB has ‘gone a little off the rails’

The president of the Southwest Public Policy Institute (SPI) said the CFPB has “gone a little off the rails” since its inception in 2010.

AFSA President: ‘We don’t expect our regulators to produce a regulatory environment by shortcut’

The president and CEO of the American Financial Services Association (AFSA) said his industry would like the Consumer Financial Protection Bureau (CFPB) to provide a more clear regulatory environment rather than a “regulatory environment by shortcut.”

AFSA President: CFPB contributing to pessimism about state of consumers’ access to credit

The president and CEO of the American Financial Services Association (AFSA) said a new tool released by his organization found ‘pessimism’ about the current state of consumers’ access to credit, and one reason is a “lack of clarity” regarding rules and regulations from the Consumer Financial Protection Bureau (CFPB).

American Legal Record Podcast hosts AFSA President Bill Himpler to discuss the state of consumer credit and regulation by the CFBP

Bill Himpler, president of the American Financial Services Association (AFSA) joined the American Legal Record Podcast to discuss AFSA’s mission, a macro look at the state of credit, mortgage borrowing, its relationship to the Consumer Financial Protection Bureau (CFPB), the regulatory environment, and what lies ahead re interest rates.

American Consumer Institute: CFPB’s ‘junk fees’ rule ‘would harm all consumers’

Tirzah Duren, the vice president of policy and research at the American Consumer Institute (ACI), said the Consumer Financial Protection Bureau’s (CFPB) recently proposed rules on “junk fees” would harm consumers.

AFSA Survey: U.S. consumer credit conditions 'worsened' in Q1 2024

A plurality of U.S. lenders said business conditions worsened in the first quarter of 2024.

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