Company Directory - American Fair Credit Council
Company Details - American Fair Credit Council
American Fair Credit Council
WebsiteThe American Fair Credit Council (AFCC) is a trade association that represents the debt settlement industry. It focuses on providing data, best practices, and resources related to debt relief services, helping consumers navigate their financial options and advocating for fair treatment in the marketplace.
CCI Score
CCI Score: American Fair Credit Council
17.93
-0.07%
Latest Event
AFCC Commissions Debt Resolution Economic Impact Studies
Reports commissioned by the predecessor to the American Association for Debt Resolution demonstrate the positive impact of debt resolution on the U.S. economy and improved outcomes for consumers facing unsecured debt.
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SABOTEUR
American Fair Credit Council is currently rated as a Saboteur.
Latest Events
- SEP012023
Reports commissioned by the predecessor to the American Association for Debt Resolution demonstrate the positive impact of debt resolution on the U.S. economy and improved outcomes for consumers facing unsecured debt.
+50
Business Practices and Ethical Responsibility
April 29
By commissioning comprehensive, independent economic impact studies, the organization promotes transparency and demonstrates the benefits of debt resolution on both the economy and consumer financial stability. This initiative supports policies that help marginalized consumers and aligns with progressive efforts to advocate fair treatment in the marketplace.
- AUG012023
On August 1, 2023, the American Fair Credit Council announced its rebranding as the American Association for Debt Resolution to better communicate its mission of transparency with policymakers, regulators, and consumers. The rebrand emphasizes a commitment to higher industry standards and ethical practices in debt resolution.
+40
Public and Political Behavior
April 29
The organization's rebranding signals a proactive effort to enhance transparency in its communications with policymakers and regulators. This positive step towards open engagement in public affairs supports democratic accountability and counters opaque industry practices.
American Fair Credit Council Relaunches as the American Association for Debt Resolution
+30
Business Practices and Ethical Responsibility
April 29
By rebranding and emphasizing accreditation and adherence to high industry standards, the organization demonstrates a commitment to ethical business practices and enhanced accountability. This move is supportive of consumer protection and regulatory oversight.
American Fair Credit Council Relaunches as the American Association for Debt Resolution
- AUG012023
On August 1, 2023, the American Fair Credit Council rebranded as the American Association for Debt Resolution in a move aimed at clarifying its mission to policymakers, regulators, and consumers. This rebranding emphasizes the organization's renewed commitment to high industry standards and transparent consumer advocacy within the debt resolution sector.
+40
Public and Political Behavior
April 29
The rebranding demonstrates a proactive effort to engage transparently with policymakers and consumers, reinforcing a commitment to democratic accountability and public oversight. This improved communications strategy aligns with anti-fascist values by promoting transparency and accountability.
American Fair Credit Council Relaunches as the American Association for Debt Resolution
+30
Business Practices and Ethical Responsibility
April 29
The new branding reflects an effort to align the organization’s business practices with higher ethical standards, prioritizing consumer education and accountability. This shift supports better regulatory engagement and more ethical industry practices.
American Fair Credit Council Relaunches as the American Association for Debt Resolution
- AUG012023
On August 1, 2023, the American Fair Credit Council announced its rebranding as the American Association for Debt Resolution. The move is aimed at clarifying its mission and improving transparency with policymakers, consumers, and regulators, while reinforcing the organization's commitment to high industry standards and consumer protection.
+20
Public and Political Behavior
April 29
The rebranding effort includes an explicit focus on communicating its mission more transparently with policymakers and regulators. This public engagement supports a more accountable and transparent political behavior, which aligns with anti-authoritarian values.
American Fair Credit Council Relaunches as the American Association for Debt Resolution
+30
Business Practices and Ethical Responsibility
April 29
The organization's rebranding reflects a commitment to higher ethical standards and greater transparency within the debt resolution industry. This strengthened focus on ethical business practices supports consumer protection and aligns with broader progressive and anti-authoritarian values.
American Fair Credit Council Relaunches as the American Association for Debt Resolution
- JAN012023
The American Fair Credit Council (AFCC) commissioned several comprehensive reports conducted by independent financial and academic experts to analyze the economic impact of the debt resolution industry across the United States. These studies, spanning data from 2019 through 2023, highlight how debt resolution has contributed positively to the U.S. economy and aided millions of consumers in managing unsecured debt.
+60
Business Practices and Ethical Responsibility
April 29
AFCC’s decision to commission independent economic impact studies demonstrates a commitment to transparency and an evidence‐based approach in evaluating industry practices. By supporting research that illustrates the positive contributions of debt resolution to the economy and to consumers’ financial well‑being, AFCC is indirectly promoting responsible business practices that benefit marginalized communities. This approach stands in contrast to opaque profitability strategies often associated with authoritarian business practices.
- DEC312022
In 2022, the American Fair Credit Council spent $200,000 on lobbying efforts, as detailed by OpenSecrets based on Senate Office of Public Records data. This event highlights the organization's active engagement in influencing policy.
-40
Political Contributions and Lobbying Efforts
April 29
The AFCC's expenditure of $200,000 on lobbying in 2022 underscores substantial corporate intervention in the political process. From an anti-authoritarian perspective, such lobbying activities can be seen as efforts to shape regulations in favor of corporate interests, potentially undermining democratic accountability and serving to entrench power imbalances.
- FEB012013
A CRL analysis of the 2013 report commissioned by the American Fair Credit Council reveals that the report exaggerates the benefits of debt settlement services, failing to demonstrate that consumers truly benefit, which raises concerns about the association’s business practices and integrity in serving vulnerable consumers.
-40
Business Practices and Ethical Responsibility
April 29
The analysis indicates that the AFCC-commissioned report overstates the benefits of debt settlement services and does not provide clear evidence that consumers are better off. This misrepresentation reflects questionable business practices that can harm consumers, especially vulnerable populations, and undermines ethical standards.
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