American Credit News

Continental Finance, a leading financial technology company, has joined the American Fintech Council (AFC), according to an announcement made on April 11, 2024. The AFC is known for representing responsible fintech companies and other financial institutions focused on innovative banking solutions.

Andrew Charnley, Managing Director of Assetz Capital, recently reflected on the insights gained from attending MIPIM 2024. The annual event served as a barometer for the global real estate market, sparking discussions on various key themes among industry leaders, investors, and policymakers.One critical topic discussed was the impact of interest rates on real estate investments. Charnley noted the need for agile investment strategies, particularly in high-demand areas like PBSA, data centres, logistics, and the care sector, to navigate the effects of fluctuating interest...

The American Fintech Council (AFC) is urging Kansas Governor Laura Kelly to sign House Bill 2560, which aims to establish a regulatory framework for Earned Wage Access (EWA) services. The bill seeks to implement safeguards and standards for EWA providers, ensuring consumer protection in Kansas.

Capital One has been recognized by Great Place To Work and Fortune magazine as one of the 2024 Fortune 100 Best Companies to Work For. This marks the 13th consecutive year that Capital One has made it onto this list, securing the No. 15 spot this year.

Navy Federal Credit Union has once again been acknowledged as one of the Fortune 100 Best Companies to Work For in 2024, marking its 13th consecutive appearance on the list.

The American Fintech Council (AFC) has announced a strategic partnership with the Center for Accelerating Financial Equity (CAFE). This collaboration was unveiled as part of Financial Literacy Month. CAFE is based at the Fintech Innovation Hub by Delaware Tech Park on the University of Delaware campus. It focuses on advancing financial health and wellness for low- to moderate-income and underserved populations through fintech innovation.

Navy Federal Credit Union has begun managing the Department of Defense's Overseas Military Banking Facilities, branded as "Community Bank."

The American Fintech Council (AFC) has expressed its approval following the Financial Crimes Enforcement Network's (FinCEN) recent move to issue a Request for Information (RFI) concerning the Customer Identification Program (CIP) Rule. This initiative aims to address regulatory inconsistencies and adapt to technological advancements in digital banking, especially with regard to Buy Now Pay Later (BNPL) loans.

Sarah Flowers, a prominent regulatory attorney at U.S. Bank, will join the Bank Policy Institute (BPI) as Senior Vice President and Senior Associate General Counsel. She is set to begin her new role on April 8.

Assetz Capital has released its March 2024 Round-Up, highlighting various updates and initiatives. The company shared insights from Fran Brayford, a Case Manager, who emphasized the importance of teamwork and customer focus in funding cases. "I’m fortunate to work with a fantastic team who are always there for each other," Brayford stated.

Breeze Airways and Barclays US Consumer Bank have announced the launch of the Breeze Easy Visa Signature credit card. This is Breeze's first co-branded credit card, arriving less than three years after the airline's inception. The card offers up to 10X BreezePoints for purchases related to Breeze, including airfare and trip add-ons such as premium seating and inflight snacks. Additional benefits include complimentary inflight Wi-Fi on Breeze’s Airbus fleet, priority boarding, and accelerated earning on everyday purchases like groceries and dining.

Three major financial services trade organizations have filed a lawsuit against a new Colorado statute imposing interest-rate and fee caps on loans by state-chartered banks, including those from outside the state. The American Fintech Council (AFC), the American Financial Services Association (AFSA), and the National Association of Industrial Bankers (NAIB) argue that this law conflicts with federal regulations and limits consumer choice.

The American Fintech Council (AFC) has announced the inclusion of Wagestream as its newest member. Founded in 2018, Wagestream offers a financial benefits platform that includes Earned Wage Access (EWA), and is used by over 1,000 employers and 3 million employees.

Navy Federal Credit Union has announced the conclusion of an external review into its mortgage lending practices.

The American Fintech Council (AFC) has announced that the Aspen Institute Financial Security Program (Aspen FSP) has joined its Community Advisory Board (CAB). The CAB is designed to expand and inform AFC's mission of promoting policies that advance responsible innovation and inclusivity within financial services.

Navy Federal Credit Union has appointed Jackie Biggs as the new senior vice president to lead its operational campuses and contact center operations.

Kara Cardona has been appointed as the new Chief Operating Officer of Navy Federal Credit Union, effective March 1, 2024.

The American Fintech Council (AFC) has voiced its opposition to legislative proposals in Rhode Island and Washington, D.C., arguing that the measures could negatively impact state-chartered community banks and limit financial options for local families. The AFC, which represents fintech companies and innovative banks, presented its concerns to the Rhode Island Senate Committee on Commerce and Policy and the D.C. Council Business and Economic Development Committee.

Michael Wong, a Senate staffer with over a decade of legislative experience, has been appointed as Senior Vice President of Government Affairs at the Bank Policy Institute (BPI). He is set to begin his new role on April 8. Wong's most recent position was as Senior Advisor for Policy and Strategy to Senator Kyrsten Sinema of Arizona.

Fran Brayford, a Case Manager at Assetz Capital, has been with the company since September 2019. She joined after taking redundancy from Lloyds Bank Group. Her career in finance and banking began in 1987 when she was employed by North West Securities in Chester, which was part of the Bank of Scotland. Over the years, she held various roles as the company transitioned to Capital Bank plc, Bank of Scotland, HBOS, and finally Lloyds Banking Group. Her roles included Interventions Manager, Relationship Manager in Litigation Funding, and Assistant Relationship Director within the...