The American Fintech Council (AFC), an industry association representing fintech companies and banks, released policy and regulatory standards for fintech companies offering earned wage access (EWA) products this week. The AFC also announced support for federal EWA legislation introduced by Rep. Bryan Steil. AFC CEO… Read More
Read more in: Fintech | Tagged AFC, american fintech council, earned wage access, ewa, Phil Goldfeder
Stratyfy has joined the American Fintech Council (AFC), a trade association that represents Fintechs and other innovative financial services firms. Stratyfy is an AI and machine-learning Fintech that aims to support credit decisions while reducing fraud. The company is led by female entrepreneurs. Laura Kornhauser,… Read More
Read more in: Fintech | Tagged american fintech council
The American Fintech Council (AFC) has thrown its weight behind the Protecting Consumers from Unreasonable Credit Rates Act of 2023. The legislation, introduced by U.S. Senate Majority Whip Dick Durbin (D-IL) and co-sponsored by U.S. Senators Jeff Merkley (D-OR), Richard Blumenthal (D-CT), and Sheldon Whitehouse… Read More
Read more in: Fintech | Tagged AFC, american fintech council, interest rates, jeff merkley, Phil Goldfeder
The American Fintech Council (AFC), an industry association representing fintech companies and banks, this week named Ian P. Moloney as their new senior vice president and head of federal and state policy. Moloney brings more than a decade of fintech and research experience from the private… Read More
Read more in: Fintech | Tagged american fintech council, Phil Goldfeder
The American Fintech Council this week announced that Cleo has become its newest member. Cleo is the latest in a growing number of fintechs who have joined the American Fintech Council roster in recent weeks. “Cleo focuses on the comprehensive and unique financial situation of each… Read More
Read more in: Fintech | Tagged ai, american fintech council, cleo, Phil Goldfeder
The CEO of the American Fintech Council blasted the Centre for Responsible Lending (CRL) for a report on earned wage access (EWA), calling it a ‘complete misunderstanding and mischaracterization of the industry” that, among other things, takes information out of context and uses ‘improper interpretations… Read More
Read more in: Fintech | Tagged american fintech council, earned wage access, Phil Goldfeder
The American Fintech Council (AFC), an industry association representing fintech companies and banks creating access to safe and affordable financial services, has announced that FinMkt has become its newest member. Woman-founded and owned, the AFC said the company adds an important voice to the fast-growing… Read More
Read more in: Fintech | Tagged american fintech council, finmkt, luan cox, Phil Goldfeder
The American Fintech Council, an industry association representing fintech companies and banks, this week announced that EarnIn has become its newest member. EarnIn will join a growing group of diverse industry-leading earned wage access companies. “EarnIn will add an important voice to a growing chorus… Read More
Read more in: Fintech | Tagged american fintech council, earned wage access, earnin, Phil Goldfeder, ram palaniappan
While the US Federal Reserve’s recent announcement of a Novel Activities Supervision Program is a step in the right direction, the work is far from over, the leader of the American Fintech Council believes. The Novel Activities Supervision Program is designed to enhance the oversight… Read More
Read more in: Fintech, Opinion, Politics, Legal & Regulation | Tagged american fintech council, Novel Activities Supervision Program, Phil Goldfeder, us federal reserve
The American Fintech Council (AFC) announced last week that OMB Bank has become its newest member. OMB Bank joins a growing group of Banking-as-a-Service (BaaS) banks focusing on access, transparency, consumer protection and regulatory compliance. “OMB leads by example and is an important voice at… Read More
Read more in: General News, Fintech | Tagged american fintech council, Phil Goldfeder
The American Fintech Council has reportedly expanded to include over 75 members. The Council has also announced several new leadership initiatives, according to a release. As noted in the announcement, the newly formed committees will be including the Regulatory Technology Committee and Legal Advisory Committee… Read More
Read more in: Fintech, Politics, Legal & Regulation, Regtech & Legaltech | Tagged american fintech council, nutter, shamir karkal, sila, tom curry, united states, us
Financial technology or Fintech has been growing at a rapid pace for years now. Starting with online capital formation, today a growing number of sophisticated financial services are going through a much-needed. digital transformation. This can mean better/cheaper access to services for more consumers and… Read More
Read more in: Fintech, Featured Headlines, Opinion, Politics, Legal & Regulation | Tagged american fintech council, colin walsh, financial technology association, fta, lendingclub, perspective, richard neiman, varo money
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