It's been quite a week and now it's a wrap! BIG newsletter this week as we cover the introduction of DataSeers as our newest member, our trip to #Portland for CSG West and of course our upcoming webinar... Read all about those things and all the fintech, economic, policy news you want and need! Special thanks to our friends at Arnold & Porter for their partnership and collaboration! READ It Here: https://lnkd.in/evz22KJw
American Fintech Council
Financial Services
Washington, District of Columbia 5,537 followers
Representing the financial services of tomorrow, today.
About us
AFC is the premier industry association at the intersection of technology and financial services, representing responsible fintech companies and innovative banks who deliver critical access to safe and affordable financial services. AFC’s mission is to promote an innovative, transparent, inclusive, and customer-centric financial system by fostering innovation in financial technology and encouraging sound public policy.
- Website
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https://fintechcouncil.org
External link for American Fintech Council
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Washington, District of Columbia
- Type
- Nonprofit
- Founded
- 2021
- Specialties
- fintech, innovation, online lending, marketplace lending, payments, technology, responsible lending, advocacy, financial health, financial inclusion, racial equality, diversity, small businesses, truth in lending, and minority owned businesses
Locations
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Primary
853 New Jersey Ave SE
Washington, District of Columbia 20003, US
Employees at American Fintech Council
Updates
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A politician, consumer advocate and Earned Wage Access walk into a conference center… No, not a joke! As the #fintech trade association representing the largest #EWA providers, it was a pleasure for Phil Goldfeder to moderate a conversation on the subject at CSG West in #Portland #Oregon! Together with #Nevada Assemblyman Duy Nguyen, MBA, CED, a champion of the historic EWA legislation, Brent Adams of the Woodstock Institute and Ryan Naples of DailyPay, Inc. they presented an in-depth conversation around the emerging financial services product and discussed the many benefits of this new financial option to a packed room of state legislators. As always, Zach Drucker of EarnIn was was tirelessly breaking it down even further for hours following the panel!
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Although it was a priority for Governor Kathy Hochul, hopes for passing a 2024 #BuyNowPayLater bill in #NewYork to regulate the industry expired with the end of the legislative session in June. Thank you Lynne Marek of Payments Dive for speaking with us for this important story. We are already speaking with the Governor's Office and legislative leaders about a bill in 2025! 📰 The industry backs increased transparency, better options for working with credit bureaus and improved ways of meeting consumers’ credit needs, Phil Goldfeder explained. Generally, it’s about finding a balance of responsible access to credit while not compromising on consumer protection, he added. All the versions of the bill were different, with different priorities, Goldfeder said. The council’s goal was to bridge the gaps and, given more time, a mutual agreement likely could have been reached, he said. Everyone wanted “responsible legislation,” but the diverging versions just couldn’t be reconciled before the legislative session ended, he explained.
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Our CEO, Phil Goldfeder was on the ground in #Buffalo, #NewYork to meet with Reid Whiting, Chief Banking Officer, Leonid Gurevich, SVP and Deputy Chief Risk Officer and others from the leadership team at Five Star Bank! Thank you for the warm welcome, your tireless collaboration as members of #AFC, and commitment to regulatory gold standards! #EmbeddedFinance
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Welcome DataSeers to the #AFC family! Founded in 2017, #DataSeers offers a suite of solutions utilizing #ArtificialIntelligence (#AI) to enable #banks and #fintech companies improve reconciliation, #compliance, #fraud detection and so much more! “Although the current #BaaS space presents challenges for the industry's future, we firmly believe that with the right combination of mindset and tools, this can become a very lucrative industry with minimal regulatory risk,” said Adwait Joshi, CEO of DataSeer.
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Featured this morning in a must read POLITICO #MorningMoney story by Zach Warmbrodt! Christy Goldsmith Romero, the nominee to lead the troubled FDIC, is known for her work as a bank bailout watchdog and a skeptical Wall Street regulator. But some in the industry are giving her an unexpected boost as senators vet her credentials. The head of the American Fintech Council, who accused the Federal Deposit Insurance Corporation (FDIC) of having “technophobia” earlier this year, was one of the first business leaders to applaud her nomination and has touted her “willingness to engage with industry leaders.” “She has… a shared interest in financial inclusion through responsible innovation,” Phil Goldfeder said.
POLITICO Pro: Biden’s new bank cop has fans in business
subscriber.politicopro.com
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“American heroes who are serving or have served in the military deserve every opportunity for economic prosperity and wellness and it is a tremendous honor to partner with Association of Military Banks of America (AMBA) to further enhance the financial institutions that are already reaching our bravest families,” said Phil Goldfeder, CEO at the American Fintech Council. “As a trade association built on the foundation of responsible innovation, #AFC is uniquely positioned to support the work of AMBA and help our combined membership serve military families who have sacrificed themselves on behalf of American families.”
AFC Looks to Enhance Financial Support for Military and Veteran Families
https://thefintechtimes.com
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Do you want to attend the biggest #Fintech #Policy conversations in Washington, DC with every major #fintech company and #regulatory agency but also celebrate #July4th??? This week you can do both!!! Purchase your tickets this week and save 17.76% by using code ’FREEDOM’ at check out! Get your tickets today at https://lnkd.in/eFV8C_Ar Capitol Account
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We are so honored to announce our new partnership with the Association of Military Banks of America (AMBA), the only trade association representing banking institutions specializing in providing banking services for military personnel and their families around the world. “It is fitting that on the threshold of Independence Day, a celebration of our Nation’s liberty and the men and women who have and will continue to defend it, #AMBA and #AFC announce a partnership that promises to enhance the financial lives of America’s service members, veterans, and their families,” said Steve Lepper President and CEO of Association of Military Banks of America and retired United States Air Force Major General. “Regardless of where they live or are deployed or stationed, our service members and veterans increasingly rely on financial technology to deal with their unique financial needs and challenges. The strategic partnership we announce today will enhance our collective ability to help our members better serve these deserving and often-underserved communities.”
American Fintech Council (AFC) Partners With The Association of Military Banks of America (AMBA) To Expand Financial Wellness for Military and Veteran Communities | Press Releases | American Fintech Council
fintechcouncil.org
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We are always happy to lend our team and expertise to help support emerging fintech companies but it’s even better when we can do it with our friends at ICBA! Our own Ian P. Moloney presented to companies as part of the latest cohort of the #ThinkTECH Accelerator Program! Successful for many years, this program has combined and connected industry experts with startup companies looking to shape the future of finance! #BetterTogether #Responsible #Innovation