October 21, 2021 – Today FIN responded to CFPB orders sent to specific FIN member companies. The following statement is attributed to Brian Peters, Executive Director, Financial Innovation Now.
“FIN member companies offer exceptional products that are helping solve Americans’ financial challenges. FIN member companies deeply value consumer protection and their best practices exceed U.S. law. Unlike others to be named in the orders, FIN member companies’ financial products are enjoyed by millions of Americans, and we have been working diligently with U.S. regulators for years to raise the consumer protection bar for all stakeholders in financial services. We will continue working with the Bureau to raise expectations across all providers of financial services and welcome continued engagement to show the value provided to Americans by FIN members.”