FTA in the News

Financial Technology Association

Crowdfund Insider: Financial Technology Association Welcomes Fintech Pipe, the Modern Capital Platform

The Financial Technology Association (FTA) welcomed Pipe as its newest member. Pipe claims it is “the modern capital platform, built to connect entrepreneurs, and

Learn more

American Banker: Don’t classify earned wage access programs as consumer loans

California regulators are suggesting that programs that allow workers fee-free access to their earnings between pay periods should be treated as loan products. That’s

Learn more
Financial Technology Association

NYT: The Risks of Storing Money in Apps Like Venmo and Cash App

The Financial Technology Association, a lobbying group for companies including PayPal, parent of Venmo, and Block, which owns Cash App, defended its members’ practices,

Learn more
Financial Technology Association

Law360: Regulators Take Aim At Bank Partner Risk In New Guidance

In a statement, Financial Technology Association President and CEO Penny Lee welcomed the guidance, saying it “acknowledges the benefits that third parties like fintechs provide and

Learn more
Financial Technology Association

American Banker: FDIC, Fed, OCC finalize guidance for banks’ third-party partnerships

Three federal bank regulators finalized risk management guidance for banks to consider when developing relationships with fintechs and other third parties…Financial Technology Association President

Learn more
Financial Technology Association

Banking Dive: Fed, FDIC, OCC update guidance on third-party risk management

Bank regulators issued long-awaited guidance Tuesday on how financial institutions should approach third-party relationships, such as tie-ups with fintech firms…At least one trade group

Learn more
Financial Technology Association

Forbes: The Fintech 50 2023

The Forbes Fintech 50 honors FTA members Brex, Carta, Chime, MX, Plaid, and Stripe as leaders shaping the future of personal finance, payments, business

Learn more
Financial Technology Association

Vixio: US Earned Wage Access Gains Traction, And So Does Regulatory Interest

With the rapid growth of earned wage access (EWA), US states are increasingly working towards bringing this new product category into a clearer regulatory

Learn more
Financial Technology Association

FTA in The Washington Post: “Payment apps are safe and transparent”

But accounts with payment apps are “safe and transparent,” said Miranda Margowsky, a spokeswoman for the Financial Technology Association, whose members include PayPal and

Learn more
Financial Technology Association

FTA in The AP: “Tens of millions of customers rely on payment apps to better manage their money”

The Financial Technology Association, an industry group that represents PayPal as well as Cash App’s owner Block, emphasized in a statement that those products

Learn more
Financial Technology Association

Fintech Times: Earned Wage Access is the Ideal ‘Consumer-Friendly Alternative’ to Credit Products; FTA Explains

The Financial Technology Association (FTA), a trade association representing fintech industry leaders, has urged the California Department of Financial Protection and Innovation (DFPI) to

Learn more
Financial Technology Association

American Banker: State efforts to regulate earned wage access are heating up

“In a comment letter to the California DFPI, the Financial Technology Association (FTA) voiced concerns about the proposed rule’s classification of EWA products as

Learn more