AFSA has reached out to President-elect Trump, sending a letter to highlight its mission and the interests of its members. The organization expressed concerns about recent actions by regulators like the Consumer Financial Protection Bureau (CFPB), which it claims have negatively impacted businesses serving American consumers.
In the letter, AFSA acknowledged President Trump's economic vision, stating: "Americans should have access to responsible and safe financial products and services to help achieve their goals and improve their lives." The association expressed its eagerness to collaborate with the new administration in strengthening America's financial markets.
AFSA proposed working towards reforming the CFPB by enhancing its transparency and accountability. It emphasized the importance of ensuring that affordable credit products and services remain accessible for American households. Additionally, AFSA hopes that the incoming administration will reconsider some of the extensive regulations and guidance issued by the CFPB. Such reassessment, according to AFSA, would empower consumers in making financial decisions while supporting economic growth in the U.S.