American Credit News

Consumer credit balances reached a record high in the fourth quarter of 2024, surpassing $18 trillion for the first time.

In a recent episode of the AFSA Extra Credit Podcast, host Dan Bucherer engaged in a conversation with Brian Koprowski, CEO of DataScan.

AFSA has extended its congratulations to Jonathan McKernan following his nomination by President Trump for the role of director at the Consumer Financial Protection Bureau (CFPB).

Consumer finance companies reported a notable improvement in their assessment of the business environment during the fourth quarter of 2024, according to AFSA's latest Consumer Credit Conditions Index Survey (C3 Survey).

On Friday evening, following the confirmation of Russell Vought as Director of the Office of Management and Budget, President Trump appointed him as acting director of the Consumer Financial Protection Bureau.

The American Financial Services Association (AFSA) has expressed concerns regarding a proposed rule to expand the Fair Credit Reporting Act (FCRA).

AFSA has expressed concerns regarding the Community Development Financial Institutions Fund's (CDFI) recent guidelines for the small dollar loan program (SDL).

AFSA and several financial trade associations have formally requested the Consumer Financial Protection Bureau (CFPB) to withdraw its recently finalized rule concerning the Registry of Nonbank Covered Persons Subject to Certain Agency and Court...

Former Director Chopra has announced the end of his tenure at the Consumer Financial Protection Bureau (CFPB).

Today, Senators Bernie Sanders and Josh Hawley introduced a bill to limit credit card interest rates to 10 percent for five years.

Today, President Trump announced the appointment of Scott Bessent, Secretary of the Treasury, as acting director of the Consumer Financial Protection Bureau (CFPB) effective January 31.

In recent months, the Consumer Financial Protection Bureau (CFPB) has been under scrutiny for its actions, with some describing it as overreaching and lacking accountability.

Rohit Chopra has been removed from his position as the director of the Consumer Financial Protection Bureau (CFPB).

AFSA has extended its congratulations to Representative French Hill (R-AR) following his election as the Chair of the House Financial Services Committee.

The head of the American Financial Services Association (AFSA) said his organization supports the “Taking Account of Bureaucrats’ Spending (TABS) Act, which could require the Consumer Financial Protection Bureau (CFPB) to be subject to the same congressional appropriations process required of other federal agencies.

The American Financial Services Association (AFSA) has voiced its opposition to proposed bills in Maryland and Washington that aim to restrict interchange fees on gratuity and sales tax portions of electronic transactions.

AFSA, together with various trade associations, has sent a letter to key figures in the U.S. Congress advocating for a national privacy framework.

AFSA has expressed its support for Representative Andy Barr's reintroduction of the Taking Account of Bureaucrats’ Spending (TABS) Act.

On January 28, Elora Rayhan from the American Financial Services Association's (AFSA) State Government Affairs team testified at an Oregon committee hearing.

On January 29, the Consumer Financial Protection Bureau (CFPB) released a report stating that U.S. military servicemembers "pay higher costs and face greater financial risks" than their civilian counterparts when financing vehicles.