American Financial Services Association News

Concerns raised over New Jersey debt adjuster licensing bill

AFSA's State Government Affairs team has expressed concerns regarding a proposed bill in New Jersey, S1310, which would allow certain for-profit debt adjusters to be licensed to operate within the state.

FTC narrows scope of "junk fees" rule; excludes financial services

The Federal Trade Commission (FTC) has announced its final rule on "junk fees," a decision that narrows the scope of the rule to exclude financial services.

Federal Reserve cuts rates again amid hawkish outlook for future

The Federal Reserve's Federal Open Market Committee (FOMC) decided on December 18 to reduce the federal funds rate target by 25 basis points, moving it to a range of 4.25 percent to 4.5 percent.

Trade groups seek delay in Corporate Transparency Act compliance deadline

AFSA, along with other trade groups, has called for a delay in the compliance deadline of the Corporate Transparency Act (CTA) for existing entities.

AFSA reports improvement in consumer credit conditions

The recent years have posed significant challenges for both consumers and providers in the consumer credit sector.

Vehicle finance experts discuss 2024 outcomes and 2025 predictions

Join the All-Star Pulse Panel for an in-depth analysis of 2024 and forecasts for 2025 within the vehicle finance sector and the global vehicle market.

Vehicle finance leaders to discuss market challenges at upcoming conference

Four senior leaders in the vehicle finance industry will gather for a CEO roundtable discussion at the 2025 Vehicle Finance Conference & Expo.

AFSA seeks clarity on New York's proposed debt collection rules

The American Financial Services Association (AFSA) has submitted a comment letter to the New York Department of Consumer and Worker Protection.

Chopra testifies at final Senate hearing amid calls for CFPB reform

Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), appeared before the Senate Committee on Banking, Housing, and Urban Affairs for a hearing titled “Consumer Protection: Protecting Workers’ Money and Fighting for the...

AFSA welcomes new House Financial Services Committee chair

The American Financial Services Association (AFSA) has extended congratulations to Representative French Hill of Arkansas for his election as Chair of the House Financial Services Committee.

Policymakers to address key economic issues at upcoming vehicle finance conference

State and federal policymakers, including elected officials, regulators, and the courts, are expected to play crucial roles in addressing various emerging issues.

AI's role in shaping future strategies for auto finance

The 2025 Vehicle Finance Conference & Expo will explore the impact of artificial intelligence (AI) on auto finance strategies.

House GOP prepares to select new chair for Financial Services Committee

The House GOP's Steering Committee is set to meet next week to decide on the committee chairs for the 119th Congress.

AFSA seeks amendments to New Jersey Senate Bill 1397

The American Financial Services Association (AFSA) has reached out to the New Jersey Senate with a request for amendments to Senate Bill 1397.

Congress maintains full authority during lame-duck sessions

A lame-duck session of Congress occurs when the current Congress meets after its successor has been elected but before the new term begins.

Webinar explores digital transformation in auto finance with Lightico & GM Financial

Lightico and GM Financial are set to host a webinar on December 5th at 2:00 p.m. EST, focusing on the impact of digitization in the auto finance sector.

AFSA reaches out to President-elect Trump regarding CFPB reforms

AFSA has reached out to President-elect Trump, sending a letter to highlight its mission and the interests of its members.

State trifecta changes after 2024 elections: Michigan and Minnesota lose Democratic control

AFSA's State Government Affairs team has published an overview of the state trifecta and majority status following the recent elections.

Trump yet to announce CFPB director nominee amid transition plans

In the wake of the recent election, President-elect Trump has been making several Cabinet nominations and presidential appointments.

Vehicle finance conference to explore AI trends and consumer trust

Join the discussion with a lineup of speakers offering insights on the vehicle-finance landscape.