AFSA Comments in Support of TALF 2020

The American Financial Services Association (AFSA), along with sister trade the Marketplace Lenders Association (MLA), called on Senate Majority Leader Mitch McConnell (R-KY) and Minority Leader Chuck Schumer (D-NY) to create an updated Term Asset-Backed Securities Loan Facility (TALF) program (which we are calling TALF 2020). 

"With credit support from the Treasury and modest changes to reflect the evolution of our economy and markets since 2008, TALF 2020 will help the economy withstand the necessary but difficult measures needed to halt the spread of COVID-19, and emerge intact and poised for a strong recovery," the trades wrote.

Read the full comment letter here.