American Credit News

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...

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.

Rep. Sarah McBride of Delaware recently addressed the House Financial Services Committee, advocating for the Ending Scam Credit Repair Act (ESCRA).

In the rapidly changing financial services sector, a pressing issue has emerged for lenders and merchants: how to reconcile stringent regulatory compliance with the increasing demand for seamless payment experiences.

PayNearMe is set to host a webinar on June 26, 2025, at 2:00 p.m. EST focusing on the factors influencing the total cost of acceptance in payment systems.

AFSA's Federal Congressional Affairs team is closely observing developments in the U.S. Senate concerning the One Big Beautiful Bill.

The American Financial Services Association (AFSA) has urged Alaska Governor Mike Dunleavy to veto Senate Bill 39, which proposes a cap on the Annual Percentage Rate (APR) for loans up to $25,000.

AFSA's State Government Affairs team has submitted a letter to the New York Department of Consumer and Worker Protection (DCWP) regarding proposed amendments to debt collection rules.

As the automotive industry continues to evolve, recent innovations in digital contracting are transforming the funding processes for car buyers.

Natural disasters are becoming increasingly costly, impacting various sectors, including subprime portfolios.

Last week, the American Financial Services Association (AFSA) submitted comments to the Consumer Financial Protection Bureau (CFPB) concerning changes to rules that affect how the CFPB supervises covered companies.

Lenders focusing solely on per-transaction fees might overlook the real factors increasing the total cost of acceptance, according to an upcoming webinar hosted by PayNearMe.

Last week, the Senate Banking Committee unveiled its portion of the "One Big Beautiful Bill (OBBB)," as President Trump's top policy priorities progress through Congress.

AFSa has sent a request to Capitol Hill, urging the reintroduction of the "Modernizing Credit Opportunities Act" (MCOA).

For over a century, the "Valid When Made" rule has been a fundamental aspect of the financial services industry, benefiting both the industry and its customers.

The AFSA Education Foundation recently engaged with financial literacy advocates and educators at two key events.

The American Financial Services Association (AFSA) is hosting a webinar on June 12th at 2:00 p.m. EST titled "Built to Perform: The AI Models Powering the Next Era of Auto Finance."

Auto finance portals are currently not meeting customer expectations, with only 2% of industry websites and mobile apps offering a truly valuable digital experience.