The Financial Technology Association (FTA) submitted comments in response to the Office of the Comptroller of the Currency’s Request for Information on Community Bank
Urges FDIC to narrow proposed rule to cover only custodial deposit accounts eligible for pass-through insurance WASHINGTON, D.C. – The Financial Technology Association (FTA)
The proposed rule would have a chilling effect on innovation, resulting in higher costs and reduced access to financial services. WASHINGTON, D.C. – The
WASHINGTON, D.C. – The Financial Technology Association (FTA), a trade association representing fintech industry leaders, today submitted a comment letter responding to the joint
WASHINGTON, D.C. — The Financial Technology Association (FTA) joined a joint trades letter to express significant concerns regarding the Federal Deposit Insurance Corporation (FDIC)’s
WASHINGTON, D.C. — The Financial Technology Association (FTA) joined a coalition of leading financial and banking associations in calling on the Federal Deposit Insurance
WASHINGTON, D.C. — The Financial Technology Association (FTA) joined the American Bankers Association, American Fintech Council, Bank Policy Institute, Consumer Bankers Association, and Independent
WASHINGTON, D.C. – The Financial Technology Association (FTA) responded to a request for comment from banking regulators on changes to the Community Reinvestment Act
The Financial Technology Association (FTA) submitted a statement for the record for the House Committee on Financial Services Hearing, “An Unprecedented Investment for Historic
Washington DC – The Financial Technology Association (FTA) submitted a comment letter in response to the Request for Comment on Proposed Interagency Guidance on
WASHINGTON, D.C. – The Financial Technology Association issued the following statement after the passage of Oregon House Bill 4116, legislation that would impede bank
WASHINGTON, D.C. – The Financial Technology Association (FTA) applauds Senator Bernie Moreno (R-OH) and Congressman Warren Davidson (OH-08) for introducing the bicameral American Lending
WASHINGTON, D.C. – The Financial Technology Association (FTA) today issued a statement welcoming Travis Hill as the Acting Chairman of the Federal Deposit Insurance
Outlines policy recommendations to ensure the U.S. remains the home of financial innovation WASHINGTON, D.C. – The Financial Technology Association (FTA) today released its
WASHINGTON, D.C. – The Financial Technology Association (FTA), a trade group representing fintech industry leaders, released a statement commending the final third-party risk management
WASHINGTON, D.C. – The Financial Technology Association (FTA) today issued a statement on the release of final interagency third-party risk management guidelines by the
Auchincloss legislation set for House floor consideration this week WASHINGTON, D.C. – The Financial Technology Association (FTA) today announced support for H.R. 4590, the
Washington, DC – The Financial Technology Association (FTA) applauds the recent Federal Reserve report supporting responsible innovation through partnerships between community banks and financial
Fintech Explained: Celebrating 250 Years of American Financial Innovation Two hundred and fifty years ago, Americans bartered, carried cash, or maintained complex accounting ledgers.
This summer, we’re excited to bring back Fintech Summer School, our annual video series featuring brief explainers from leading industry and legal experts on
In this episode of Fintech Layer Cake, host Reggie Young chats with Penny Lee, President and CEO of the Financial Technology Association (FTA). Penny
Welcome to your crash course in fintech! This summer, learn about the fundamental issues underpinning digital financial products and policies as technology transforms how
Bank-fintech partnerships are an excellent example of harnessing technology to improve banking, resulting in faster, expanded access to services and capital. Regulators deserve credit
Digital financial tools are the new normal, with eight in ten consumers using a fintech product to send, manage, save, or invest their money,
Financial technology companies deliver better financial services at lower costs for consumers, sometimes in partnership with banks and sometimes directly. With the business of
WASHINGTON, D.C. – The Financial Technology Association joined a coalition of financial services organizations in urging Oregon Governor Tina Kotek to veto HB 4116,
WASHINGTON, D.C. – The Financial Technology Association (FTA) raised concerns with Rhode Island House Bill 7850 in a letter to House Committee on Corporations
WASHINGTON, D.C. – The Financial Technology Association (FTA) raised concerns about Oregon House Bill 4116, which would restrict banks and fintech companies’ ability to
The Financial Technology Association (FTA) submitted a letter to the Oregon Senate Committee on Labor and Business expressing strong opposition to HB 2561, a
Oregon lawmakers passed a bill closing a loophole that has allowed some lenders to continue to charge rates several times higher than the state’s
Studies also suggest that consumers haven’t abandoned traditional banks. For one reason, some people still prefer banking in person. A study released in June
The coalition consists of the American Bankers Association, Bank Policy Institute, U.S. Chamber of Commerce, Financial Services Forum, Financial Technology Association, Independent Community Bankers
The FTA similarly stressed that it is “highly concerned” about what would happen if the proposal were finalized in its current form, saying that
A coalition of financial trade associations and business groups argue in a new letter to the FDIC this morning that the banking agency’s proposal
Almost four years after the FDIC updated its rules on brokered deposits, the regulator’s new proposal would undo some of those changes and1 the
“It is essential then, that the FDIC have a robust and accurate data set from which to work, and that any additional reporting requirements
FDIC’s brokered deposit rule under fire — Several major Wall Street industry groups are demanding the FDIC withdraw a proposal that would reverse Trump-era
The broad cohort, including 11 trade groups from across the financial industry, urged the Federal Deposit Insurance Corp. to rethink its proposed rulemaking on
By Mark Schoeff | July 23, 2024 When most banking laws were written, people didn’t control their financial lives from their phones. The Financial
The top industry group for financial technology companies has a new head of government affairs. As far as policy goes, Sarah Mamula has a
FTA CEO Penny Lee urged regulators “to ensure examiners are properly equipped to evaluate bank-fintech partnerships in a way that preserves access to valued
The City Bar Digital Technologies Task Force teams up today with the Financial Technology Association for a deep dive into the State of Fintech.
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
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
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
FTA Submits Comment Letter on Community Bank Digitalization
The Financial Technology Association (FTA) submitted comments in response to the Office of the Comptroller of the Currency’s Request for Information on Community Bank