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.
Phil Goldfeder, Chief Executive Officer of the American Fintech Council, stated, "As a standards-based association, the members of our Community Advisory Board serve a critical role to ensure our advocacy remains focused on consumer access to safe and affordable financial options. The Aspen Institute Financial Security Program is a pragmatic thought leader on financial inclusion issues, recognizing the importance of the role of innovative, tech-forward financial services in meeting the needs of underserved consumers. We are truly excited to collaborate with Aspen FSP to improve financial security and inclusion, especially for those historically excluded communities."
Kate Griffin, Director of Programs at the Aspen Institute Financial Security Program, expressed her support by saying, “As we work at FSP to illuminate and solve the most critical financial challenges facing American households, it will take leadership from the financial services industry, old and new, to create and deliver quality, sustainable financial products. We’re honored to be included on the Community Advisory Board and work with AFC to make financial security for all a top national priority and to advance a more inclusive financial system.”
The CAB includes founding members such as Woodstock Institute, Capital Good Fund, and Accion Opportunity Fund among others. Although they do not necessarily endorse AFC member products or policy positions, CAB members collaborate with AFC towards fostering improvements in law, regulation, and business practices.
AFC aims to promote an innovative and inclusive customer-centric financial system by supporting responsible growth in lending while encouraging fintech innovation. Their efforts focus on improving access to high-quality affordable financial products for underserved segments.
More information about AFC can be found at www.fintechcouncil.org.