Consumers Need Credit … Not Confusion

Credit terms should be easy to understand. So should the rules the Consumer Financial Protection Bureau enforces!

The CFPB recently released policies important for consumers and the consumer credit companies it regulates that are so confusing and unclear that they risks hindering millions of consumers’ access to credit in a time when most consumers face more than a $700 increase in their monthly bills for basic goods and service like gas and groceries.

In times of need, consumers shouldn’t have to worry about not getting the credit they need to help them keep their financial lives on track. 

You can read about the CFPB’s confusing “abuse” standards here, and other Bureau over-reaches here, here, here, here, and here.

It’s time for Congress and the White House to demand accountability and transparency from the CFPB.

Read AFSA’s Consumer Bill of Rights here.

Get Credit That Helps

Consumers deserve access to beneficial and affordable credit that will help them meet their needs.   

The American Financial Services Association (AFSA) represents member companies that offer a variety of consumer credit products, including personal or “small dollar” loans, vehicle financing, mortgages, payment cards, and sales financing. 

These types of financial companies have been around for more than a century, and serve millions of consumers – those with good credit, as well as those with imperfect credit – because consumers deserve responsible and affordable alternatives to gray- or black-market loans, or loans that trap borrowers in a cycle of debt. 

AFSA members are regulated and subject to ongoing, rigorous state examinations. They are compliant with governmental regulations and standards at both state and federal levels.

Empowering Your Finances

Understanding the consumer credit products available to you helps you make the most informed decisions for you and your household and to take control of your financial future.  

A better understanding of the fundamentals of personal finance will help you prepare for unexpected expenses or to purchase a new or used vehicle.  

Case for Credit’s quick and easy modules on financial services, credit and your credit score, budgeting for borrowing, and vehicle financing are based on the renowned MoneySKILL financial literacy program taught in schools across the country.  Click through and take control of your financial future.  

Buying a vehicle is one of the most important financial commitments consumers make. The AWARE site gives you the lowdown on what you need to consider when selecting a vehicle, arranging financing and what to expect at the dealer. 


Founded in 1916, the American Financial Services Association (AFSA) is the primary trade association for the consumer credit industry, protecting access to credit and consumer choice. AFSA provides the consumer credit industry and the consumers it services with a voice in Washington, D.C., where the association is headquartered, and access to the media and investment community. It also provides policy advice and issues management at both the federal and state level.

AFSA members provide consumers with many kinds of credit, including traditional installment loans, direct and indirect vehicle financing, mortgages, payment cards, and credit for non-vehicle retail customers. AFSA members do not provide payday or vehicle title loans.