American Financial Services Association News

AFSA congratulates new Congress chairmen, outlines 2025 priorities

AFSA has reached out to Senate Banking Chairman Tim Scott and House Financial Services Chairman French Hill to extend congratulations on their appointments as chairmen for the 119th Congress.

AFSA critiques CFPB's supervisory highlights on auto finance issues

The American Financial Services Association (AFSA) has responded to the Consumer Financial Protection Bureau's (CFPB) Auto Finance Special Edition of Supervisory Highlights.

Fraud and data privacy trends pose challenges amid digital finance growth

The increased digitization of the lending process, coupled with the use of big data and analytics, has created opportunities for enhanced competitive finance offers and access to credit.

Senate Banking Committee urges CFPB to pause rulemaking amid presidential transition

There is an unwritten tradition during transitions in the U.S. Presidency and Executive Branch for federal agencies to halt new rulemaking.

New members join House Financial Services Committee for the start of the 119th Congress

Nine new members have joined the House Financial Services Committee as the 119th Congress begins.

AFSA unveils revamped business partner program with new tiers

AFSA has announced updates to its Business Partner program, aiming to provide enhanced benefits and more opportunities for engagement with its members.

Cybersecurity session focuses on emerging threats and trends for 2025

As the digital landscape continues to evolve, cybersecurity threats are becoming increasingly sophisticated, posing significant risks to organizations.

AFSA responds to New Orleans attack with assurances on conference safety

AFSA has expressed its condolences to those affected by the recent attack in New Orleans during the city's New Year's Day celebrations.

Key dates as new Congress begins: speaker election, electoral vote certification

The 119th Congress is set to commence with a series of significant events and actions throughout January.

AFSA releases white paper on emerging legislative issues for 2025

AFSA's State Government Affairs team has published a new white paper, focusing on key legislative topics from 2024 that are expected to be prominent in 2025.

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...