AFSA Joins Other Trades in Petition Filing at FCC March 30, 2020

On March 30, the American Financial Services Association joined several other trade associations on a petition to the FCC requesting an immediate ruling, clarification, or waiver regarding parts of the Telephone Consumer Protection Act.  Specifically, the petitions asks that certain phone calls utilizing an auto-dialer system and text messages to consumers related to COVID-19 from financial institutions be permitted without the consent of the called party may be permitted pursuant to the TCPA’s “Emergency Purposes Exception.”

MoneySKILL Financial Education: Resources Parents & Kids Can Bank On March 30, 2020

During this time of uncertainty, the American Financial Services Association and its member companies are doing their best to help consumers maintain their financial security and flexibility, while also continuing to support the communities where our members live and work. In this unprecedented moment, it is important for us to provide help where we can and to look for ways to perhaps do a bit more. 

Truist Pledges $25 Million, Relief Services to Support Communities March 30, 2020

Truist is pledging $25 million in philanthropic support which will for  provide aid for basic needs, medical supplies, and financial hardship across the nation. The company is also offering payment relief and other programs to assist all personal and business customers to help them work through this trying period.

AFSA, Trades Write to Congress in Support of SECURE Notarization Act March 27, 2020

Today, the American Financial Services Association joined with other trade associations on a comment letter to Congressional leaders in support of the SECURE Notarization Act. If enacted, this legislation would expand the usage of Remote Online Notarizations (RONs) nationally. RONs are type of electronic notarization that allows for the notarization process to completed with the notary and signer in different physical locations.

AFSA Members Supporting Consumers for More than a Century March 27, 2020

The American Financial Services Association (AFSA), couldn’t help but notice today’s inter-agency notice, in which the Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau encouraged financial institutions to expand their consumer lending.

Wells Fargo Provides Aid for Communities & Consumers March 25, 2020

Wells Fargo & Company on March 20 announced additional comprehensive steps to help customers, communities and employees grappling with the impact of COVID-19. The company has suspended residential property foreclosure sales, evictions and involuntary auto repossessions. Additionally, the Wells Fargo Foundation will increase its charitable donations to $175 million to help address food, shelter, small business and housing stability, as well as to provide help to public health organizations.

AFSA Asks Congress for CECL Relief March 25, 2020

The American Financial Services Association (AFSA) yesterday, March 24, asked in a comment letter to congressional leadership that they include CECL relief for depository and non-depository financial institutions in any relief package.