American Credit News

Auto finance portals are not meeting customer expectations, with only 2% of industry websites and mobile apps providing a valuable digital experience, according to a recent study.

AFSA member companies reported a generally positive assessment of business conditions in the first quarter of 2025, according to the AFSA's Q1 Consumer Credit Conditions Index Survey (C3 Survey).

Digital customer engagement is becoming essential in financial services, with customer portals playing a significant role in consumer interactions for activities such as making payments and managing account details.

Dealer commercial lending is undergoing significant changes due to advancements in data, platforms, and expectations.

This week, the American Financial Services Association (AFSA) responded to a Request for Information on Deregulation issued by the Office of Management and Budget (OMB).

AFSA has raised concerns about the upcoming electronic lien and title (ELT) program in Oklahoma, which is set to be implemented on July 1, 2025.

On April 24, Danielle Arlowe, Senior Vice President of the American Financial Services Association (AFSA), testified before a Rhode Island committee.

In the evolving financial landscape, traditional asset finance approaches are being challenged by innovative usage-based financing models.

Maintaining healthy cash flow is a critical aspect for lenders.

AFSA's State Government Affairs team has submitted a comment letter to the Kentucky Department of Revenue concerning the U-Drive-It Program.

The Consumer Financial Protection Bureau (CFPB) has shifted its focus away from buy-now-pay-later (BNPL) enforcement actions, as announced on May 6.

AFSA's latest white paper, released on May 7, 2025, examines the trend among states to consider implementing "all-in" rate caps.

In 2024, vehicle-finance fraud increased by over 16%, reaching an estimated $9.2 billion.

The House Financial Services Committee has approved legislation to significantly reduce the funding for the Consumer Financial Protection Bureau (CFPB) by nearly 60 percent.

The AFSA Education Foundation recently participated in a financial literacy roundtable hosted by the U.S. Treasury Department's Offices of Community and Economic Development and Consumer Policy.

In the current financial environment, innovation in asset finance is crucial for staying competitive.

Consumer preferences are rapidly changing, prompting a need for updated payment strategies.

Rooms for the 2025 Independents Conference & Expo, hosted by the American Financial Services Association (AFSA), must be reserved by May 2.

Consumer payment preferences are evolving, and modern payment technologies are adapting to meet the increasing demand for debit transactions.

AFSA has recently issued a response to the New York Department of Motor Vehicles concerning new guidelines for electronic lien and lease reporting.