Tagged: american fintech council

March 23, 2024 @ 8:10 am By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing Fintech companies and banks, this week announced that financial benefits platform Wagestream has become its newest member. “Wagestream has done a phenomenal job of scaling its financial wellbeing approach to span multiple different benefits for workers,… Read More

March 18, 2024 @ 8:44 am By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing fintech companies and banks, delivered testimony before the Rhode Island Senate Committee on Commerce and Policy and the D.C. Council Business and Economic Development Committee opposing recently introduced legislation. Phil Goldfeder, AFC CEO and former member… Read More

March 4, 2024 @ 2:04 pm By Tony Zerucha  |  

The American Fintech Council (AFC) last week spoke about proposed legislation in Maryland and Minnesota, while CEO Phil Goldfeder also commented on the reintroduction of the Financial Services Innovation Act. The week began with the AFC supporting the Maryland Commercial Financing – Small Business Truth… Read More

February 16, 2024 @ 5:14 pm By Tony Zerucha  |  

Neobank Dave this week announced it has joined the American Fintech Council, an industry association representing fintech companies and banks. Dave partners with Evolve Bank & Trust, an FDIC member. “Our members are setting the standard for the responsible use of innovation to increase competition in… Read More

February 9, 2024 @ 4:23 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an association representing Fintech companies, has requested that the Consumer Protection Financial Bureau (CFPB) immediately convene relevant stakeholders for a comprehensive conversation on EWA products and consideration of formal rulemaking. “Director Chopra and the CFPB have been thoughtful partners and… Read More

February 6, 2024 @ 9:40 am By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing fintech companies and banks, this week announced that earned wage access (EWA) provider ZayZoon has become its newest member. An EWA provider for small and mid-sized businesses, ZayZoon joins a growing group of diverse industry-leading EWA… Read More

January 15, 2024 @ 4:13 pm By Tony Zerucha  |  

This past week the American Fintech Council testified before the Washington State House Committee on Consumer Protection and Business, recommending amendments to proposed legislation. CEO Phil Goldfeder, a former member of the New York State Assembly, appeared in Olympia to urge legislators to amend legislation… Read More

January 6, 2024 @ 10:22 am By Tony Zerucha  |  

The American Fintech Council (AFC) has responded to the Consumer Financial Protection Bureau’s (CFPB) notice on the proposed rulemaking on personal financial data rights related to Section 1033 of the Dodd-Frank Act. Their letter was posted on Jan. 2. The AFC said the CFPB’s implementation… Read More

December 27, 2023 @ 9:02 am By Tony Zerucha  |  

The American Fintech Council (AFC) this week announced its support for The Fair Audits and Inspections for Regulators’ (FAIR) Exams Act. The organization said bipartisan legislation introduced by U.S. Sen. Jerry Moran (R-KS) and co-sponsored by U.S. Sens Joe Manchin (D-WV), Bill Hagerty (R-TN), and Thom… Read More

December 11, 2023 @ 9:29 pm By JD Alois  |  

Elizabeth Gorz, a former Legislative Aide in the Michigan State Senate, Senior Policy Advisor to former Michigan Governor Rick Snyder (from 2011 to 2019), has been selected as the American Fintech Council as Head of Legislative Affairs and Chief Strategy Officer. Gorz was most recently… Read More

December 11, 2023 @ 10:17 am By Tony Zerucha  |  

The CEO of the American Fintech Council voiced his support for the Office of the Comptroller of the Currency’s recent statements on BNPL products. Phil Goldfeder said they provide clarity for banks and fintechs that offer responsible BNPL services. Goldfeder explained that responsibility includes identifying… Read More

December 3, 2023 @ 3:28 pm By Tony Zerucha  |  

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

November 7, 2023 @ 1:40 pm By JD Alois  |  

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

November 6, 2023 @ 12:23 pm By Tony Zerucha  |  

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

October 29, 2023 @ 3:09 pm By Tony Zerucha  |  

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

October 22, 2023 @ 7:17 pm By Tony Zerucha  |  

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

October 14, 2023 @ 6:00 pm By Tony Zerucha  |  

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

October 14, 2023 @ 12:42 pm By Tony Zerucha  |  

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

September 29, 2023 @ 6:22 am By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association, this week announced its support of consumer advocates seeking a stop to predatory pawn shop loans. The AFC said pawn shops exploit a loophole given to them by a judge in Sangamon County who issued an injunction… Read More

September 8, 2023 @ 4:50 am By Tony Zerucha  |  

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