Spencer Fane, a national law firm specializing in banking, fintech, digital assets, and emerging technologies, has joined the Legal Advisory Committee of the American Fintech Council (AFC). The AFC is an industry association representing responsible fintech companies and innovative banks.
Phil Goldfeder, CEO of the American Fintech Council, commented on the addition: “Spencer Fane has significant experience advising banks, fintechs, and technology companies operating in a rapidly evolving regulatory environment. Their knowledge of licensing, bank partnerships, and complex regulatory frameworks will bring valuable insight to our Legal Advisory Committee and help inform policy discussions across the industry.”
Spencer Fane’s fintech practice offers legal guidance on issues such as regulatory compliance, licensing and registration processes, partnerships between banks and fintech firms, Banking-as-a-Service (BaaS) arrangements, and policy advocacy. The firm also assists clients with consumer financial protection laws, agreements related to technology and licensing, data privacy matters, and cybersecurity compliance. These services are designed to help fintech businesses comply with changing regulations while managing risk.
Shelli Clarkston, who leads Spencer Fane’s Fintech Market Team, said: “Our team works closely with clients to help them manage regulatory requirements and adapt to new technologies and business models. We look forward to contributing to AFC’s efforts to support responsible innovation and to provide practical insight on the legal issues shaping the future of financial services.”
The AFC is recognized as a leading trade association for major financial technology companies and innovative banks that offer embedded finance solutions. Its mission centers on promoting a transparent and inclusive financial system by supporting responsible innovation in financial services and encouraging sound public policy. Members of the AFC work to increase competition in consumer finance markets while developing products aimed at underserved consumers.
Spencer Fane operates 30 offices nationwide with more than 600 attorneys. The firm continues to expand its presence across the country.