Press Releases

New Survey Shows 2 in 3 American Workers Believe Traditional Pay Period is Outdated

Given the choice, most Americans would opt for more frequent pay through products like Earned Wage Access. WASHINGTON, D.C. – The Financial Technology Association (FTA), a trade association representing fintech industry leaders, today released new survey data showing that the majority of American workers believe the traditional monthly or biweekly pay cycle is outdated and…

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FTA Urges Connecticut General Assembly to Modify Harmful Earned Wage Access Bill

WASHINGTON, D.C. – The Financial Technology Association (FTA), a trade association representing leading fintech companies, today urged the Connecticut General Assembly to rework House Bill 5140, legislation that would improperly categorize earned wage access services as loans and harm workers who cannot access the option from their employer. Connecticut workers have spoken out against the…

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FTA Applauds House Passage of Legislation Expanding Investment Opportunities in Private Markets

WASHINGTON, D.C. – The Financial Technology Association (FTA), a trade association representing fintech industry leaders, applauded the House of Representatives for passing legislation to expand access to capital and investment opportunities in private markets, including several provisions to modernize the definition of an accredited investor. The bills passed as part of H.R. 2799, the Expanding…

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FTA In the News

American Banker: Canada’s real-time payments network progresses, but no launch in sight

Modernizing U.S. payment systems through the wide adoption of FedNow and other networks will dramatically lower costs and speed up payments for consumers and small businesses, said Penny Lee, president and CEO of the U.S. fintech trade group Financial Technology Association.  “As 82% of Americans use digital payments, it doesn’t make sense to limit access…

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New York Post: Most Americans think their work setup is stuck in the 20th century

In an ideal world and in order to suit their current financial situation, employees would want to be paid either weekly (64%) or daily (19%). Results also found that more than one-third (35%) admit that they are unprepared for an unexpected $400 expense and another 59% believe that if their pay were to be delayed…

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Payments Dive: CFPB warns of ‘dangers’ on standards for open banking

“We are pleased to see Director Chopra recognize the need for diverse voices in standard-setting organizations, particularly new market entrants like fintech companies,” Financial Technology Association spokesperson Miranda Margowsky said in an emailed statement.

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The FTA is pleased to assist members of the media with questions regarding the organization or the fintech industry.