The American Fintech Council (AFC) has called on the Federal Deposit Insurance Corporation (FDIC) to withdraw its proposed rulemaking on brokered deposits.
The American Fintech Council (AFC) has issued a statement following the 2024 election results, extending congratulations to President-Elect Trump and the newly elected members of Congress.
First Bank of the Lake has joined the American Fintech Council (AFC), an industry association representing fintech companies and innovative banks offering embedded finance.
The American Fintech Council (AFC) has expressed concerns over the Consumer Financial Protection Bureau's (CFPB) recent finalization of its Personal Financial Data Rights rule.
The American Fintech Council (AFC) has voiced its concerns regarding the technological and programmatic challenges faced by the U.S. Department of Education's Office of Federal Student Aid (FSA).
The American Fintech Council (AFC) has announced a new strategic partnership with FTI Consulting, a prominent business advisory firm. This collaboration aims to promote responsible innovation within the financial services sector and advocate for regulatory modernization. The partnership will also focus on creating educational resources for the fintech ecosystem.
The American Fintech Council (AFC) has expressed support for the Department of the Treasury's initiative to establish a federal framework for nonbank payment service providers. Ian P. Moloney, Senior Vice President and Head of Policy and Regulatory Affairs at AFC, highlighted the importance of creating a unified regulatory approach in the payments sector.
The American Fintech Council (AFC) and the Center for Accelerating Financial Equity (CAFE) have announced an expansion of their partnership to include companies selected in the second cohort of the CAFE Fintech Accelerator Program. This collaboration aims to provide startups with access to AFC member benefits, reinforcing both organizations' commitment to financial equity through innovation.
Footprint, a company specializing in identity verification, has joined the American Fintech Council (AFC), an industry association representing fintech companies and innovative banks. The announcement was made on October 8, 2024. Footprint offers a platform that assists financial institutions in securely onboarding users while preventing fraud and ensuring compliance.
The American Fintech Council (AFC) has announced its support for the Promoting and Advancing Communities of Color Through Inclusive Lending Act, a bill sponsored by Representative Maxine Waters (D-Calif.). The legislation aims to enhance lending services for low- and moderate-income consumers and communities of color by improving technological capabilities in community development financial institutions (CDFIs) and minority depository institutions (MDIs).
The American Fintech Council (AFC) has expressed support for the Department of the Treasury's recent approach to artificial intelligence (AI) in the financial services sector. Ian P. Moloney, AFC's Senior Vice President and Head of Policy and Regulatory Affairs, commended the Department’s efforts.
The American Fintech Council (AFC) has announced the addition of Spring Labs as its newest member. Spring Labs, founded by experienced fintech entrepreneurs, focuses on using AI-driven technology to help financial institutions streamline operations and enhance productivity while maintaining high compliance standards. This membership aligns Spring Labs with other companies dedicated to creating a more transparent and efficient future for financial services.