Press Releases

Financial Technology Association Announces Creation of Advisory Board

The Financial Technology Association (“FTA”) announced the formation of an advisory board comprised of subject matter and academic experts, thought leaders, former regulators, and elected officials that will provide FTA and its member companies with key perspective, feedback, and expertise. This advisory board underscores FTA’s mission to proactively shape tomorrow’s regulations, policy frameworks, and public understanding in order to safeguard consumers and advance the development of trusted, digital financial markets and services.

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Financial Technology Association Statement on the launch of the U.S. Senate Financial Innovation Caucus.

Washington, DC, May 26, 2021 – In response to the launch of the U.S. Senate Financial Innovation Caucus, the Financial Technology Association said the following: FTA strongly supports this bipartisan effort to establish the Senate Financial Innovation Caucus, and we look forward to their work on this vital topic. Like the Caucus, FTA firmly believes…

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Financial Technology Association Statement on Michael Hsu’s Testimony

Washington, DC, May 15, 2021 – In response to Acting Comptroller of the Currency Michael Hsu’s testimony in front of the House Committee on Financial Services, the Financial Technology Association said the following:

FTA supports the Acting Comptroller’s statements regarding the OCC’s unique authority to grant charters and its capacity to provide strong oversight and enhanced provisions when needed.

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FTA In the News

The Hill: Building digital infrastructure for the future of finance

There is general consensus that America’s roads, bridges, ports, and powerlines need an upgrade. It’s also true that digital financial technologies, or “fintech,” are increasingly forming the backbone of our financial infrastructure and replacing inefficient, often manual processes with modern rails built upon automation, data analytics, and consumer-centric benefits, including access, speed and customization.

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American Banker: Sign of fintechs’ evolution: Two new D.C. trade groups

Some of the biggest names in fintech — including Plaid, Varo and LendingClub — are joining forces to raise their industry’s profile among lawmakers. These companies and dozens of others have formed two national fintech advocacy groups based in Washington — the Financial Technology Association and the American Fintech Council — that launched within a week of each other this month.

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FinLedger: Financial Technology Association Aims to Modernize Financial Regulation

A new trade group called the Financial Technology Association (FTA) has recently launched its organization and has some notable founding members including Afterpay, Betterment, Brex, Carta, Figure, Marqeta, Quadpay, Plaid, Ribbit Capital, Wise and Zest AI.

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What We're Reading

OCC’s Hsu Says Fintech Firms Should Be Chartered in ‘Safe and Sound Way’

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Fed’s Hsu Officially Lined Up As Acting OCC Chief

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MONDAQ: Attorneys General Urge Congress To Invalidate OCC “True Lender Rule”

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