DESPITE SCOTUS RULING, CFPB OVERSIGHT NEEDED
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…
Can I get a car loan? High rates, regulatory uncertainty hurt Americans’ ability to borrow
At a time when the Biden administration and many economists insist that the U.S. economy is doing well, why do many Americans have so much concern? Blame high interest rates and tight credit. By Bill Himpler opinion contributor | usatoday.com Consumers increasingly doubt that they’ll be approved for a loan to buy a car or…
WTOP: Consumer financial markets, federal oversight and reform
WTOP News | By American Financial Services Association | April 3, 2024 Access to credit affects our lives in all kinds of ways – a solid credit score is needed to purchase a home, credit can keep a business running, help buy a car and deal with all kinds of expenses. Financial institutions and consumers navigate…
FORTUNE: The agency created after the Great Financial Crisis to protect consumers from lending risks can’t define risk
FORTUNE | By Bill Himpler | March 21, 2024 “We have the best economy in the world,” President Joe Biden proclaimed during his State of the Union address. But despite some encouraging economic trends over recent months, the economic challenges facing millions of American families are real, as they’re still paying more for everyday needs,…
AFSA’s Bill Himpler on Ed Henry, The Briefing
American Financial Services Association President & CEO Bill Himpler joined Ed Henry’s “The Briefing” to discuss how AFSA’s Consumer Credit Protections will help give consumers the confidence they need and set clear rules of the road for America’s lenders. Watch Bill’s interview below:
AFSA Urges Transparent CFPB Rulemaking Process
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…