FTA Endorses Small Business Technological Advancement Act 

WASHINGTON, D.C. – The Financial Technology Association (FTA) today announced support for The Small Business Technological Advancement Act (S. 2330), bipartisan legislation introduced by U.S. Senators Todd Young (R-IN), Jackie Rosen (D-NV), Ted Budd (R-NC), and Jeanne Shaheen (D-NH). This legislation would modernize the Small Business Administration’s 7(a) loan program to help more small business…

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Open Banking Rulemaking Set for this Fall: Five Issues to Watch

WASHINGTON, D.C. –  At the Philadelphia Federal Reserve Bank’s Seventh Annual Fintech Conference, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra reiterated that the Bureau will issue a proposed rule this fall to establish a personal financial data right for consumers. This proposal is the next step under Section 1033 of the Dodd-Frank Act to…

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FTA Statement on Earned Wage Access Guidance in Connecticut

WASHINGTON, D.C. – The Financial Technology Association (FTA) today issued a statement on newly released guidance by the Connecticut Department of Banking that could jeopardize access to Earned Wage Access (EWA) services for workers in that state:  “EWA products help millions of Americans tap into their earned wages to make ends meet and manage bills…

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