AFSA Applauds House Passage of CHOICE Act

WASHINGTON, D.C., June 5, 2017 – The American Financial Services Association (AFSA) applauds the House of Representatives on the passage of H.R. 10, the Financial CHOICE Act of 2017. AFSA especially congratulates House Financial Services Committee Chairman Jeb Hensarling (R-TX) and all the members who worked on the CHOICE Act for their hard work and dedication to ensuring that American consumers have access to the credit they need and deserve.

The CHOICE Act would make important strides in reining in the Consumer Financial Protection Bureau (CFPB) and significantly reducing the regulatory burden placed on financial services by the Dodd-Frank Wall Street Reform and Consumer Protection Act. AFSA submitted a letter of support in May and will continue to work with Congress as the bill moves to the Senate.

Based in Washington, D.C., the American Financial Services Association (AFSA), now in its 101st year, is the national trade association for the consumer credit industry, committed to protecting access to credit and consumer choice. Its 400 members include traditional installment lenders, vehicle finance/leasing companies, consumer and commercial finance companies, mortgage lenders and servicers, payment card issuers, industrial banks and industry suppliers. For more information, visit www.afsaonline.org.

Media Contacts:
Dan Bucherer
Manager, Communications
202-466-8613

Jack Ferry
Vice President, Communications
202-776-7308