Tagged: financial technology association

August 12, 2024 @ 11:53 am By JD Alois  |  

The Financial Technology Association (FTA) has posted a comment letter directed towards the US Department of Treasury in regard to a request for feedback on the use of Artificial Intelligence (AI) in financial services. The FTA advocates on behalf of the benefits of AI, urging… Read More

May 23, 2024 @ 10:44 am By JD Alois  |  

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule impacting buy now pay later (BNPL) providers. BNPL providers have emerged as a popular alternative to credit cards, as their interest rates are typically lower than credit cards. At the same time, many platforms… Read More

February 7, 2024 @ 8:13 am By JD Alois  |  

The Financial Technology Association (FTA) has issued a statement on the Protecting Innovation in Investment Act. The FTA supports the legislation, explaining that it will support consumers ability to benefit from wealth-building services by blocking the Securities and Exchange Commission (SEC) from undermining tech advancement… Read More

January 8, 2024 @ 11:22 pm By JD Alois  |  

The Financial Technology Association (FTA) has posted a comment letter criticizing the Consumer Financial Protection Bureau (CFPB) and a proposed rule on digital payments. The FTA represents the interests of big Fintech firms like Stripe, Wise, Block, and others. The CFPB announced the proposed rule… Read More

June 26, 2023 @ 3:36 pm By Omar Faridi  |  

The Financial Technology Association (FTA) welcomed Pipe as its newest member. Pipe claims it is “the modern capital platform, built to connect entrepreneurs, and small and mid-size business owners to fast, frictionless, dilution-free financing, helping them scale and operate on their terms.” Penny Lee, President… Read More

December 2, 2022 @ 12:30 pm By JD Alois  |  

The Financial Technology Association (FTA) has selected Leigh Lytle, head of North American Policy at Plaid, as the 2023 Chair of the FTA Board of Directors. Before joining Plaid, Lytle spent more than 15 years at the Federal Reserve Bank of San Francisco. According to… Read More

October 3, 2022 @ 9:38 am By JD Alois  |  

The Financial Technology Association (FTA) has hired a new Head of Policy and Government Relations, according to a release. The FTA has appointed Angelena Bradfield to help guide the association’s regulatory and legislative efforts. Bradfield previously was Senior Vice President for AML/BSA, Sanctions and Privacy… Read More

September 13, 2022 @ 12:42 pm By JD Alois  |  

The Financial Technology Association (FTA) has posted research on the Buy Now Pay Later (BNPL) sector that highlights the positives of the Fintech service. The survey, created in partnership with the Morning Consult, arrives on the same day that the Senate Banking Committee held a… Read More

September 7, 2022 @ 5:09 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) and Intuit (NASDAQ:INTU) are the newest members of the Financial Technology Association (FTA) according to a statement by the group. The two big tech firms join a growing roster of Fintechs aiming to have their voices heard inside the beltway. Names like Block,… Read More

May 15, 2022 @ 9:33 am By JD Alois  |  

The Financial Technology Association (FTA) has issued as statement on the confirmation of four nominees to the Federal Reserve’s Board of Governors, including Chair Jerome Powell, Vice Chair Lael Brainard, Dr. Lisa Cook, and Dr. Philip Jefferson. Penny Lee, CEO of the FTA, stated: “The… Read More

April 11, 2022 @ 10:33 am By JD Alois  |  

The Financial Technology Association (FTA) submitted a comment regarding the Consumer Financial Protection Bureau (CFPB)’s request for feedback on “junk fees” that drive up the cost of goods and services, including financial services. The FTA letter states that many of their members launched to target… Read More

March 16, 2022 @ 2:51 pm By JD Alois  |  

Financial Technology Association (FTA) CEO Penny Lee has published an Op-Ed on Buy Now-Pay Later (BNPL) services a Fintech service that has suffered from “misinformation.” BNPL services are frequently at the point of sale when a purchaser is given the option for credit to pay… Read More

February 28, 2022 @ 10:16 am By JD Alois  |  

The not-for-profit group, the Financial Technology Association (FTA) has hired Tom Davis as Vice President of Membership and Development. According to a statement distributed by the FTA, Davis brings more than a decade of experience in directing, marketing, and developing membership-based organizations to his role… Read More

January 24, 2022 @ 10:16 am By JD Alois  |  

The Financial Technology Association (FTA) has announced that Miranda Margowsky has joined the group as its Vice President of Communications. According to a statement by the FTA, Margowsky is a “senior-level strategist and policy communications expert who brings a winning record of driving impactful, effective,… Read More

October 1, 2021 @ 12:19 pm By JD Alois  |  

This week, Rohit Chopra was confirmed as the next Director of the Consumer Financial Protection Bureau (CFPB). The CFPB is a relatively new financial regulator created as part of the Dodd-Frank legislation that emerged following the great recession. The mission of the CFPB is to… Read More

June 22, 2021 @ 11:06 am By JD Alois  |  

The Financial Technology Association (FTA) announces the formation of an advisory board. The new board will help guide the nascent group’s mission to proactively guide regulation and policy in the booming Fintech sector. Founded in March, the FTA has moved quickly to boost its ranks… Read More

March 14, 2021 @ 12:50 pm By JD Alois  |  

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

March 10, 2021 @ 10:14 pm By JD Alois  |  

A new trade group has been launched to advocate on behalf of the Fintech industry. Today, the Financial Technology Association (FTA), is hoping to educate stakeholders and support the modernization of financial regulation. Founding members of the group are Afterpay, Betterment, Brex, Carta, Figure, Marqeta,… Read More