Phil Goldfeder, CEO of the American Fintech Council (AFC), issued a statement regarding Virginia Governor Glenn Youngkin's veto of Senate Bill 1252. According to Goldfeder, "Governor Youngkin’s decision to veto SB 1252 protects access to safe, responsible credit for hundreds of thousands of Virginians." He expressed concerns that the bill could have posed unnecessary challenges for consumers seeking financial tools and created legal uncertainties for providers.
Goldfeder highlighted AFC's involvement in addressing these issues, stating that they had engaged with lawmakers, submitted comments, and mobilized a coalition of providers to voice concerns about the bill. He described the veto as "a thoughtful and pragmatic approach to regulation—one that puts consumers first without stifling responsible innovation."
The AFC CEO expressed gratitude towards Governor Youngkin for supporting financial inclusion and maintaining a competitive credit market in Virginia. Goldfeder emphasized AFC's ongoing commitment to collaborating with lawmakers in Virginia and nationwide to develop policies that align with modern financial realities.