The American Financial Services Association (AFSA) has extended congratulations to Representative French Hill of Arkansas for his election as Chair of the House Financial Services Committee. The association has collaborated with Rep. Hill on various issues vital to American consumers and the consumer credit industry. This includes efforts to address what they consider regulatory overreach by the Consumer Financial Protection Bureau (CFPB), notably regarding auto loan data collection earlier in the year.

"We look forward to continuing to work with incoming Chair Hill, and the entire committee to protect American consumers’ access to credit during the 119th Congress," AFSA stated.

Rep. Hill's leadership is anticipated to influence discussions around consumer credit and regulatory practices in upcoming legislative sessions.