WASHINGTON, D.C. – The Financial Technology Association (FTA) submitted comments responding to the Notice of Proposed Rulemaking issued by the Department of the Treasury
WASHINGTON, D.C. – The Financial Technology Association (FTA) submitted comments to the Federal Reserve Board of Governors on its proposed amendments to Regulation J,
WASHINGTON, D.C. – The Financial Technology Association (FTA) welcomed the Office of the Comptroller of the Currency’s (“OCC”) efforts to establish a clear regulatory
WASHINGTON, D.C. – The Financial Technology Association (FTA) submitted a comment letter in support of the Office of the Comptroller of the Currency’s (OCC)
Expanding access to FedACH will advance innovation, competition, and affordability WASHINGTON, D.C. – The Financial Technology Association (FTA) applauds the Federal Reserve Board for
The Financial Technology Association (FTA) submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) on its Advance Notice of Proposed Rulemaking regarding
WASHINGTON, D.C. – The Financial Technology Association (FTA) today submitted a comment letter in response to a Request for Information from the Office of
The Financial Technology Association (FTA) appreciates the opportunity to comment on the Department of the Treasury’s Request for Information (RFI) regarding Executive Order 14247
WASHINGTON, D.C. – The Financial Technology Association (FTA) and six other trade associations today wrote to Senate Finance Committee leaders Mike Crapo (R-ID) and
The Financial Technology Association (FTA) joined the Electronic Transactions Association (ETA), INFiN, A Financial Services Alliance, the Money Services Business Association (MSBA), and The
Steps will help modernize the U.S. payment system and foster innovation, efficiency, and competition. WASHINGTON, D.C. – The Financial Technology Association (FTA) today submitted
The bipartisan Money Transmission Modernization Act establishes clear standards to protect consumers, support small businesses, and foster innovation. WASHINGTON, D.C. – The Financial Technology
WASHINGTON, D.C. – The Financial Technology Association (FTA) today submitted a comment letter urging the Consumer Financial Protection Bureau (CFPB) to pause and reconsider
WASHINGTON, D.C. – A group of eight trade associations today called on the Consumer Financial Protection Bureau to provide a 30-day extension of the
WASHINGTON, D.C. – The Financial Technology Association (FTA) appreciates the opportunity to respond to this request for public comment issued by the United States
WASHINGTON, D.C. – The Financial Technology Association (FTA) today submitted a letter in response to the Federal Reserve Board’s request for comment on payments
Washington, D.C. – The Financial Technology Association (FTA) submitted a comment letter in response to the Federal Reserve Board’s supplemental request on proposed guidelines
The Financial Technology Association (FTA) appreciates this opportunity to respond to this request for comment issued by the Board of Governors of the Federal
WASHINGTON, D.C. – The Financial Technology Association (FTA) issued the following statement on Tennessee House Bill 2502, a broad, sweeping new tax on consumers
Action signals commitment to a competitive, innovative, and modern financial system WASHINGTON, D.C. – The Financial Technology Association (FTA) welcomes President Trump’s executive order
WASHINGTON, D.C. – The Financial Technology Association (FTA) applauds Congresswoman Young Kim (CA-40) and Congressman Sam Liccardo (CA-16) for releasing the bipartisan “Payments Access
WASHINGTON, D.C. – The Financial Technology Association (FTA) released a statement on a speech made by Federal Reserve Board Governor Christopher J. Waller at
WASHINGTON, D.C. – The Financial Technology Association (FTA) issued a statement applauding President Trump for signing into law a Congressional Review Act resolution overturning
The resolution now heads to the President’s desk for signature. WASHINGTON, D.C. – The Financial Technology Association (FTA) applauds the House of Representatives for
WASHINGTON, D.C. – The Financial Technology Association (FTA) applauds the Senate for passing a Congressional Review Act (CRA) resolution to overturn the Consumer Financial
WASHINGTON, D.C. – The Financial Technology Association (FTA)’s President and CEO Penny Lee issued the following statement on the Consumer Financial Protection Bureau (CFPB)’s
Campaign aims to educate consumers on how to prevent common payment scams during the holiday season and how Cash App, PayPal, and Venmo protect
WASHINGTON, D.C. – The Financial Technology Association, a trade group representing fintech industry leaders, today issued a statement following Treasury Under Secretary for Domestic
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. – Today, Financial Technology Association (FTA) President and Chief Executive Officer Penny Lee released the following statement on the launch of FedNow,
WASHINGTON, D.C. – The Financial Technology Association (FTA) today welcomed the confirmation of four nominees to the Federal Reserve’s Board of Governors, including Chair
In a new comment letter, FTA reiterated its call on the Federal Reserve to expand access to its services for technology-based payments companies WASHINGTON,
Fintech innovation leads to faster, cheaper cross-border payments. Cross-border payment services, including remittances, help people send money to friends, family, or business associates in
It all appears seamless — paying for your Uber to the restaurant, splitting the check via an app, or using your phone to purchase
At a time when we can stream movies instantly and get same-day deliveries, American consumers and small businesses should not have to wait days
By Angelena Bradfield, Head of Policy, Financial Technology Association With midterm elections, 36 gubernatorial races, and 84% of state legislature seats on the ballot,
As part of the budget reconciliation process, the U.S. Senate is currently considering a 3.5% tax and citizenship verification requirement on personal money transfers
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
Every year, around one billion people in the world—or one in seven—send or receive remittances. The average remittance is small, with migrant workers, who
From the rise of the internet to the first credit cards and ATMs, the U.S. has long been at the forefront of financial innovation.
In our most recent edition of Fintech Explained, Brigit Carroll, Policy Lead for the Americas at Wise, speaks to the ways Wise serves both
Digital financial tools are the new normal, with eight in ten consumers using a fintech product to send, manage, save, or invest their money,
Even though 8 in 10 Americans use a financial technology – or fintech – product to manage their money and 82% use digital tools
The rise of the Internet and the digital world led to countless transformative innovations, from the iPhone and video streaming to Uber, Bluetooth, and
Sarah Bloom Raskin’s nomination to the U.S. Federal Reserve board has propelled a small payments company — Reserve Trust — into the spotlight. Lost
WASHINGTON, D.C. – The Financial Technology Association (FTA) submitted a comment letter urging Arizona Governor Katie Hobbs to veto Senate Bill 1421, legislation that
WASHINGTON, D.C. – The Financial Technology Association (FTA) today filed a declaratory judgment action in the Davidson County Chancery Court challenging the constitutionality of
WASHINGTON, D.C. – The Financial Technology Association joined a broad coalition of trade associations in calling on Tennessee Governor Bill Lee to veto House
WASHINGTON, D.C. – The Financial Technology Association (FTA) sent a letter in support of the Louisiana Money Transmission Act (HB 1230), legislation that would
WASHINGTON, D.C. – The Financial Technology Association (FTA) urges Tennessee lawmakers to amend Senate Bill 2166, legislation that would impose a tax increase on
WASHINGTON, D.C. – The Financial Technology Association (FTA) sent a letter to members of the Idaho Senate opposing Senate Bill 1440, legislation that would
WASHINGTON, D.C. – The Financial Technology Association (FTA) joined coalition partners representing hundreds of money services and payment companies in expressing opposition to harmful
The Financial Technology Association (FTA) has submitted a letter opposing New York Senate Bill 5500 and Assembly Bill 5730, which address peer-to-peer (P2P) mobile
The Financial Technology Association (FTA) today called on the Alaska legislature to adopt the Money Transmission Modernization Act (MTMA), a state model law that
The Financial Technology Association (FTA) joined other trade groups in opposing legislation in Alabama, Kansas, and Nebraska that would tax international money transfers, driving
The Financial Technology Association (FTA) today called on the Illionois General Assembly to adopt the Money Transmission Modernization Act (MTMA), a state model law
A new Tennessee law imposing a fee on some international money transfers is an unconstitutional tax on cross-border payments, a financial technology industry group
The Volunteer State will add a $10 tax for cross-border payments, and an extra 2% fee for some, under a new law drawing the
The Fed proposed a new type of account for fintech firms, one day after Trump issued an executive order asking for a report on
The administration mandated a review of how the Federal Reserve and federal agencies can aid fintech firms through more central bank access.
Tennessee lawmakers signed off Wednesday on a controversial plan to tax certain money transfers sent from the state to other countries, steering a slice
The Payments Access and Consumer Efficiency (PACE) Act is designed to widen fintechs’ access to the U.S. electronic payments systems and lower the cost
“Rather than helping stop illicit activity, it can actually help push transactions towards less regulated channels,” said Miranda Margowsky at the Financial Technology Association,
Fintech leaders argue that America’s financial infrastructure is hindering innovation, and legacy payment systems urgently require modernization. Why it matters: Outdated rails slow consumer
“Today’s vote is a win for consumers, small businesses and the future of financial innovation,” Penny Lee, president and CEO of the Financial Technology
FTA Comment Letter on Proposed Rule Regarding Excise Tax on Remittance Transfers
WASHINGTON, D.C. – The Financial Technology Association (FTA) submitted comments responding to the Notice of Proposed Rulemaking issued by the Department of the Treasury