The American Financial Services Association (AFSA) has submitted a comment letter to the New York Department of Consumer and Worker Protection. The department is working on promoting fair debt collection practices, and AFSA is seeking clarification to ensure the proposed rules align with both state and federal requirements.

In a public hearing before the New York City Council on Thursday, December 12th, AFSA testified, advocating for further amendments. The association aims to help avoid significant unintended consequences for consumers and financial institutions.

The letter from AFSA's State Government Affairs team can be found in the direct advocacy section of AFSA’s website.