AFSA Highlights Shortfalls in HEROES Act in Letter May 26, 2020

The American Financial Services Association (AFSA) on last week (May 20) sent a letter to House Speaker Nancy Pelosi (D-CA) in regard to the HEROES Act that passed the House. AFSA is pleased to see that the legislation expands the Paycheck Protection Program (PPP) which is helping small businesses in this time of uncertainty. It notes, however, that the PPP should be extended to ensure financial services companies can take advantage of the program. The Act also prohibits another Operation Choke Point, which forced many of our members to sever banking relationships they had held for years.

We Call it Memorial Day for a Reason May 25, 2020

The American Financial Services Association and its members has long supported our nation’s military veterans, current servicemembers, and their families. It seems that with every passing year, the intent of Memorial Day becomes less apparent and important. And this year, with the pandemic, social distancing, and few of the usual events for us to gather as a nation to mark the solemnity of the day, it seems even more important to recall why Memorial Day is commemorated. 

Whether Lazy or Agenda Driven, Reporter Gets it Wrong May 18, 2020

Recently, the Huffington Post published a story on the question of whether the Federal Reserve should expand one of its financing facilities, TALF, to include additional auto asset-backed securities (ABS) and consumer installment loan ABS. That story included many dishonest characterizations and insinuations about the American Financial Services Association (AFSA), its members, and its political action committee (AFSAPAC).