Talk about American records (7)
I believe the answer is:
discuss
'talk' is the definition.
(I know that discuss is a more specific form of talk about)
'about american records' is the wordplay.
'about' is an insertion indicator.
'american' becomes 'US' (United States).
'records' becomes 'discs' ('disc' can be a synonym of 'record').
'us' inserted into 'discs' is 'DISCUSS'.
(Other definitions for discuss that I've seen before include "Talk about (something)" , "Take up" , "Verbally T [TREAT]" , "Debate" , "Argue" .)