AFSA Publishes Federal Regulations White Paper April 07, 2017 AFSA Staff On April 7, AFSA’s State Government Affairs department published its white paper on Federal Regulation of the Financial Services Industry. While many financial institutions are licensed only by the states in which they operate, they must comply with an extensive set of federal regulations, in addition to the countless state requirements. Federal oversight of the industry has expanded drastically, creating numerous guidelines and regulations with which financial institutions must comply. AFSA’s white paper provides an overview of the myriad of federal laws that affect the operations of financial services companies. AFSA’s State Government Affairs team publishes white papers monthly, and members can find previous papers on AFSA’s website under the SGA Resources section.