Press Release

Survey of consumer credit industry shows economic strains, with increased demand for credit from consumers WASHINGTON, Sept. 12, 2024 /PRNewswire/ — The American Financial Services Association, the country’s largest and oldest national consumer credit trade group, today released its quarterly Consumer Credit (C3) Index survey of leading providers of consumer credit, including mortgages, vehicle financing, personal installment loans, and credit cards….

Today, the U.S. Supreme Court handed down its ruling in the much-anticipated Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America (CFSA) case that challenged the CFPB’s independent funding mechanism through the Federal Reserve. The American Financial Services Association joined with other trades in an amicus brief arguing that the Bureau’s “funding scheme is historically unique.” The following…

Trade group calls for regulations that are clear to protect consumers, and certain so businesses can ensure consumers can safely access credit when they need it WASHINGTON, March 6, 2024 /PRNewswire/ — In response to vague, overreaching Consumer Financial Protection Bureau (CFPB) policies that are harming – not helping – consumers, the American Financial Services Association (AFSA) today issued a call…