The American Fintech Council, an industry association representing fintech companies, BaaS banks and credit unions, announced this week that Continental Finance has become its newest member. Continental Finance works to provide a variety of services to customers who have been long forgotten by traditional financial institutions.
“Continental Finance is laser-focused on helping families build responsible credit that creates a safe pathway out of debt,” said Phil Goldfeder, CEO of the American Fintech Council. “Their foundational commitments to strong customer support, fair treatment, and financial inclusion, align perfectly with (our) mission to promote a transparent, inclusive, and customer-centric financial system. Continental Finance will lend an important voice to a growing industry of responsible fintech companies creating access to safe, transparent and affordable credit options.”
“The American Fintech Council is committed to supporting responsible innovators like Continental Finance and we are happy to lend our voice to the growing group of responsible innovators,” said Stephen McSorley, president of Continental Finance. “We deliver best-in-class services for innovative credit products specifically designed to ensure customers can afford to make regular payments on the credit that is extended to them by our partner banks. In turn, operating on a ‘low and grow’ credit limit strategy, encourages customers to manage their account responsibly before increasing the credit limit to levels they might not be successful in managing today.”
With more than 5.3 million credit cards managed since its founding, Continental Finance said it prides itself on customer service and access to bank-issued credit products with features that provide affordable and safe options to consumers with poor or limited credit. Utilizing responsible innovation, Continental Finance works to provide each customer with the necessary educational tools for them to be successful in managing their personal credit.
The American Fintech Council and its members advocate for the next generation of companies at the intersection of technology and financial services while ensuring a transparent regulatory framework for its membership and the consumers they serve. The organization said it is committed to robust industry standards, focused on consumer protection and compliance that enables responsible innovation and safe consumer optionality in financial services.
