Tagged: fta

The Financial Technology Association Welcomes House Move to Reverse Digital Payments Rule

The Financial Technology Association (FTA) welcomed the House’s decision to pass the Congressional Review Act resolution overturning the Consumer Financial Protection Bureau’s (CFPB) rule for digital consumer payments. As the Senate has already passed the resolution, SJ Res. 28 now heads to the President’s desk… Read More

2025 FTA CEO Summit – Washington, DC

Financial Technology Association (FTA) We are excited to announce the 2025 FTA CEO Summit: Fintech as the Catalyst for Innovation. This fast-paced, impactful live event will showcase the strength and innovation of the fintech industry and explore how policy and regulation should be modernized to meet today’s… Read More

The Financial Technology Association Tells House Financial Services Committee Which Policies to Pursue, Seeks to Boost Access to Capital, Opportunity for Investors

The Financial Technology Association (FTA) has outlined its opinion as to what the House Financial Services Committee should pursue regarding ambitious portfolio off legislation that aims to improve access to capital while enabling access to opportunities for smaller investors. Recently, the Committee held a hearing… Read More

Financial Technology Association Tells FDIC to Modify Rules on Custodial Deposits

The Financial Technology Association (FTA) has sent a letter to the Federal Deposit Insurance Corporation (FDIC) telling them to modify rules designed to address custodial deposits. The letter was sent in response to proposed rulemaking on the accounts. The FTA says it supports the FDIC’s… Read More

Financial Technology Association Publishes Fintech Roadmap for Incoming Adminstration

Expectations are high that the Trump Administration will support financial innovation and entrepreneurship. Many Fintechs are elated with his election, as it contrasts to the difficult environment during the Biden Administration. The Financial Technology Association (FTA) has published a “Fintech Policy Roadmap” that the administration… Read More

Financial Technology Association Slams CFPBs New Payments Rule

The Financial Technology Association (FTA) has issued a statement criticizing the Consumer Financial Protection Bureau’s new rules addressing digital payments and transfers. The CFPB revealed final rules today that are said to “strengthen oversight of large technology firms in consumer financial markets” that offer digital… Read More

CFPB Reveals Open Banking Rules

The Consumer Financial Protection Bureau (CFPB) has completed its rulemaking process for certain segments of Open Banking. Open Banking, or Open Finance, addresses the massive amounts of data generated by financial services firms and their customers. In the past, these firms have largely leveraged this… Read More

Financial Technology Association Tells US Government to Take Unified Approach on Artificial Intelligence, Encourage Innovation

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

US: Financial Technology Association Updates on Policy Agenda

The Financial Technology Association (FTA) has published a policy brief on the issues the association is focusing on to advance innovations in financial services. The FTA represents many different types of Fintechs with names like PayPal, Stripe, Wise, Chime, and other well-known names on the… Read More

Financial Technology Association: Senators Hagerty and Cruz Introduce the Protecting Innovation in Investment Act to Support Consumer Access to Fintech

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

Financial Technology Association Tells CFPB to Slow Down on Payments Rule Proposal

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

Small Business Technological Advancement Act Aims to Update SBA Loan Program, Gains Fintech Association Endorsement

The Small Business Technological Advancement Act (S. 2330) aims to update the Small Business Administration’s 7(a) loan program with the ability to utilize more digital tools. The short legislative act is outlined as follows: “The Small Business Act (15 U.S.C. 636(a)) is amended by adding… Read More

Financial Technology Association Welcomes Fintech Pipe, the Modern Capital Platform

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

House Subcommittee on Financial Institutions Schedules Hearing to Discuss Banking and Need to Update Regulations in Line with Emerging Technology

The House Subcommittee on Financial Institutions and Monetary Policy, part of the Financial Services Committee, will discuss banking and the need to improve the regulatory environment in light of emerging technology. The hearing, Revamping and Revitalizing Banking in the 21st Century, will review ways regulation… Read More

Financial Technology Association Selects Plaid Executive as Chair of Board

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

CFPB Director Rohit Chopra Indicates Movement on Open Banking Rule, Financial Technology Association Welcomes Statement

Earlier today, during Money20/20, CFPB Director Rohit Chopra commented on the concept of Open Banking (or Open Finance) alongside his perspective on the CFPBs “new approach to regulation.” Chopra stated: “This week, the CFPB will launch the process to activate a dormant authority under Section… Read More

Financial Technology Association Hires New Head of Policy

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

CFPB on BNPL: Uneven Disclosures and Protection for Consumers

The Consumer Financial Protection Bureau (CFPB) has published a report on the buy now – pay later (BNPL) industry, criticizing the sector of Fintech as having “uneven disclosure and protections” for borrowers. The CFPB noted that BNPL rocketed higher by almost 10X the amount in… Read More

Financial Technology Association Posts Research on BNPL: A Positive Force for Users

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

PayPal, Intuit, Join Financial Technology Association

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

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