WASHINGTON, D.C. – The Financial Technology Association (FTA) released a statement on the nomination of Federal Reserve Governor Michelle “Miki” Bowman to serve as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System:
“We applaud Governor Bowman’s nomination to serve as Vice Chair for Supervision, a critical position shaping financial regulatory policy,” said Penny Lee, President and CEO of the Financial Technology Association. “Governor Bowman will bring the right mix of expertise, pragmatism, and a pro-innovation mindset to this role, and we share her commitment to a risk-based, fit-for-purpose approach to digital financial products. We urge the Senate to act speedily on her confirmation.”
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The Financial Technology Association (FTA) is a network of fintech leaders shaping the future of finance. We champion the power of technology-driven financial services to catalyze innovation and advocate for modernized policies and regulations that reflect the digital transformation.