LendingClub and Leading Financial Services Companies Launch the American Fintech Council

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 natural progression and allows our association to bring in even more fintech companies, banks and other financial providers across the industry that are committed to the responsible standards we've put in place. We encourage innovative companies that embrace regulation to join us to create a more equitable financial system that works for all."

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