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.
Phil Goldfeder, CEO of the American Fintech Council, remarked, “Continental Finance is laser-focused on helping families build responsible credit that creates a safe pathway out of debt.” He highlighted the alignment between Continental Finance’s commitments and AFC's mission of promoting a transparent and inclusive financial system. Goldfeder noted that Continental Finance would contribute significantly to the growing industry of responsible fintech companies by creating access to safe and affordable credit options.
Stephen McSorley, President of Continental Finance, expressed satisfaction in joining AFC. He stated, “AFC is committed to supporting responsible innovators like Continental Finance and we are happy to lend our voice to the growing group of responsible innovators.” McSorley emphasized their strategy of providing innovative credit products designed to ensure affordability for customers while encouraging responsible account management through a ‘low and grow’ credit limit approach.
Since its inception in 2005, Continental Finance has managed over 5.3 million credit cards. The company focuses on offering excellent customer service and access to bank-issued credit products with features tailored for consumers with poor or limited credit. Through responsible innovation, they aim to equip customers with educational tools necessary for successful personal credit management.
The American Fintech Council advocates for companies at the intersection of technology and financial services. It ensures a transparent regulatory framework while focusing on consumer protection and compliance. The AFC aims to foster an environment that supports responsible innovation within the financial sector.