Archives

March 19, 2020 – In response to the COVID-19 economic crisis, Financial Innovation Now today called on Congress to help small businesses immediately by using alternative lenders to help [...]

Payment Apps Are a Vital Part of Everyday Life for Millions of Americans Two in three Americans (66%) use payment apps or have used them in the past Usage is common across all ages, urban and [...]

February 4, 2020 – Financial Innovation Now filed comments with the OCC and the FDIC supporting both agencies’ efforts to restore national treatment of loans made available via [...]

October 21, 2019 – Today U.S. Rep. Patrick McHenry introduced the Financial Services Innovation Act of 2019, which seeks to improve regulatory coordination among federal financial services [...]

August 5, 2019 – Federal Reserve Board Governor Lael Brainard in a speech today announced the Board’s decision to invest in development of “FedNow,” a real-time interbank gross [...]

July 15, 2019 – FIN today urged the Federal Reserve to expand the operating hours of the ACH Same Day, which enables many new payment applications to interconnect with bank accounts. FIN’s [...]

June 13, 2019 – The U.S. Congress today unanimously passed legislation to automate income verification through a modern digital interface at the Internal Revenue Service. FIN has advocated for [...]

April 12, 2019 – Today FIN applauded state financial regulators for their efforts to streamline digital wallet regulations and urged them to work with Congress towards a federal solution [...]

April 9, 2019 – Today FIN told the California financial regulator to maintain a narrow focus when regulating payment services. In a regulatory filing, FIN argued that California should [...]

January 25, 2019 — Today in a letter to House Financial Services Committee Chairwoman Waters, Financial Innovation Now highlighted member company efforts to help workers affected by the federal [...]

January 26, 2018 – Financial Innovation Now today supported a NACHA proposal to expand same day payments and payment processing on weekends and holidays. FIN’s comment letter states: [...]

January 25, 2018 – Today the Consumer Financial Protection Bureau issued final changes to is Prepaid Accounts Rule, which include a delay in the effective date of the rule until April 2019. [...]

November 15, 2017 – Today the House Financial Services Committee passed, on a bipartisan basis, the Protecting Consumers’ Access to Credit Act of 2017, H.R. 3299, which restores consistency in [...]

October 18, 2017 – Financial Innovation Now today applauded the CFPB’s release of principles to ensure that consumers can safely access their financial data. The following statement is [...]

October 5, 2017 – Financial Innovation Now today joined a broad coalition of industry organizations supporting legislation introduced by U.S. Rep. Patrick McHenry (R-NC) and Sen. Mark Warner [...]

September 28, 2017 – U.S. Rep. Patrick McHenry (R-NC) and U.S. Sen. Cory Booker (D-NJ) today introduced the IRS Data Verification Modernization Act of 2017, H.R. 3860, to automate income [...]

September 14, 2017 – Today FIN filed comments in response to the Consumer Financial Protection Bureau’s inquiry into small business lending data. The following statement is attributed to Brian [...]

August 11, 2017 – Today FIN filed comments in response to the Consumer Financial Protection Bureau’s proposed amendments to its new rule on prepaid cards. The following statement is attributed to [...]

July 27, 2017 – U.S. Sens. Mark Warner (D-VA), Patrick Toomey (R-PA), Gary Peters (D-MI) and Steve Daines (R-MT) today introduced the Protecting Consumers’ Access to Credit Act of 2017, which [...]

July 21, 2017 – Today the Federal Reserve Faster Payments Task Force released its final report and recommendations to achieve faster payments in the United States. The following statement is [...]

July 19, 2017 – U.S. Reps. Patrick McHenry (R-NC) and Gregory Meeks (D-NY) today introduced the Protecting Consumers’ Access to Credit Act of 2017, H.R. 3299, which restores consistency in [...]

July 19, 2017 – Today Acting Comptroller of the Currency Keith A. Norieka affirmed the Office of the Comptroller of the Currency’s intent to accept fintech charter applications and to [...]

Policy Forum Tech Tools for Small Business Financial Health How technology improves financial inclusion and empowers small businesses RSVP HERE July 20th 4:00PM – 6:30PM Google, Washington [...]

June 15, 2017 – Today the Consumer Financial Protection Bureau announced proposed amendments to its rule on prepaid cards, including a number of substantive changes and potential further [...]

May 5th, 2017 – Following yesterday’s Committee passage of the CHOICE Act, Financial Innovation Now expressed its significant concerns regarding language in the bill that repeals current [...]

April 13, 2017 – Today Financial Innovation Now submitted six policy recommendations to Senate Banking Committee Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH) in response to [...]

April 5, 2017 – Today FIN filed comments in response to the Consumer Financial Protection Bureau’s proposal to delay implementation of its new rule on prepaid cards. The following statement [...]

March 15, 2017 – Today the OCC released a draft licensing manual for financial technology companies that may wish to pursue a special purpose bank charter. The OCC is accepting comments on the [...]