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As Fintech Industry Matures, the Need for Policy Advocacy Grows: OLPI and MPL Merge to Form American Fintech Council
March 14, 2021 @ 12:50 pm By JD Alois
Financial technology or Fintech has been growing at a rapid pace for years now. Starting with online capital formation, today a growing number of sophisticated financial services are going through a much-needed. digital transformation. This can mean better/cheaper access to services for more consumers and businesses A clear win for all. But too frequently, the message can be lost in the policy shuffle on Capitol Hill where legislators may not understand the technology or are more comfortable being informed by incumbent financial services firms that may end up driving legislation. There have been multiple efforts in recognition of a need for Fintech to have a seat at the policy table and last week saw the announcement of two trailblazers merge to form the
American Fintech Council Launches to Focus on Responsible Innovation and Advance Inclusion in Financial Services prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
LendingClub and Leading Financial Services Companies Launch the American Fintech Council
American Fintech Council to Focus on Responsible Innovation and Advance Inclusion in Financial Services
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SAN FRANCISCO, March 3, 2021 /PRNewswire/ LendingClub Corporation (NYSE: LC) announced today that the Marketplace Lending Association (MLA), which it co-founded, will merge with the Online Lending Policy Institute ( OLPI ) to form the American Fintech Council ( AFC ). The mission of AFC is to promote policies that advance responsible innovation and inclusivity within financial services. As a founding member of the MLA, LendingClub advanced initiatives that promoted an inclusive and customer-friendly financial system in which responsible innovation of products and practices cultivate better financial health outcomes for all Americans, said Armen Meyer, Vice President of Public Policy at LendingClub. The creation of the AFC is a
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03/03/2021 08:00 AM EST
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