American Credit News

AFSA’s State Government Affairs team has released a new white paper analyzing recent changes in consumer protection enforcement.

The Federal Reserve and a coalition of banking and business groups have jointly requested an extension to the current stay in their ongoing litigation over the Federal Reserve’s stress testing framework.

Rocket Companies has finalized its $14.2 billion acquisition of Mr. Cooper Group, combining the largest home loan originator with the largest mortgage servicer in the United States.

Bank of North Dakota has joined the American Fintech Council (AFC), becoming the latest member of an industry association that represents responsible fintech companies and innovative banks.

The American Financial Services Association (AFSA) will host a webinar on October 2, 2025, focusing on the ongoing changes in the U.S. auto finance sector.

Sharon Moore, a longtime professional in the consumer loan industry, has died at the age of 78.

AFSA’s State Government Affairs team has submitted a comment letter to Missouri Secretary of State Dennis Hoskins regarding four proposed ballot initiative petitions.

Sarah Flowers, Senior Vice President and Head of Capital Advocacy at the Bank Policy Institute (BPI), has responded to a recent speech by Federal Reserve Governor Michael Barr at the Peterson Institute for International Economics regarding stress...

The Federal Reserve has reduced its target range for the federal funds rate by 25 basis points, now setting it between 4 percent and 4.25 percent.

Bank of America has announced a commitment of $12 million in zero-interest loans to support residents and small businesses in Western North Carolina affected by Hurricane Helene.

Navy Federal Credit Union has announced plans to provide financial support for its members if a government shutdown occurs at the end of September.

The Bank Policy Institute (BPI) has expressed support for the Federal Deposit Insurance Corporation’s (FDIC) recent proposal to adjust regulatory thresholds for inflation.

The American Financial Services Association (AFSA) will host a webinar titled "Silos to Solutions – Building F&I Product Data Integrity in Auto Finance" on October 9, 2025, at 2:00 p.m. EST.

On September 22, 2025, the American Financial Services Association (AFSA) submitted a comment letter in response to the Consumer Financial Protection Bureau’s (CFPB) advance notice of proposed rulemaking regarding supervision of vehicle finance...

The American Fintech Council (AFC) has expressed strong support for the House Financial Services Committee’s decision to advance H.R. 5317, known as the Community Bank Deposit Act of 2025.

The Consumer Financial Protection Bureau (CFPB) has announced updates to its procedures for risk-based supervision of non-bank consumer finance companies.

LiftFund, a nonprofit small business lender, has received over $1 million in support from Bank of America to aid small businesses recovering from the recent floods in Texas’s Hill Country.

Credit cards have been identified as the most secure payment method by consumers, according to data from the Electronic Payments Coalition (EPC).

FiVerity has joined the American Fintech Council (AFC), according to an announcement made on September 23, 2025.

The House Financial Services Committee convened this week to examine a range of financial frauds and scams impacting consumers in the United States.