American Credit News

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.

The Consumer Financial Protection Bureau (CFPB) recently released the second report in its 2023 Auto Finance Data Pilot series.

The AFSA Extra Credit Podcast has returned for 2025, offering new insights and discussions on the consumer credit industry.

AFSA, alongside its members, has compiled a list of policy requests aimed at increasing transparency and accountability within the Consumer Financial Protection Bureau (CFPB).

The Federal Trade Commission (FTC) has seen recent changes in its leadership.

The American Financial Services Association (AFSA) has submitted a comment letter to the California Privacy Protection Agency regarding proposed updates to the California Consumer Privacy Act (CCPA).

The AFSA Education Foundation is marking its 35th anniversary this year.

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.

Reps.

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