FIN Supports FedNow, Urges Federal Reserve to Act Quickly
November 7th, 2019 – Financial Innovation Now today joined many other industry stakeholders in support of the Federal Reserve’s work to build FedNow, a real-time bank settlement [...]
FIN to Federal Reserve: Expand ACH Payments to Improve Financial Inclusion
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 [...]
Leading Technology Companies Call on Federal Reserve to Speed Payments for All Americans
December 14, 2018 — Financial Innovation Now today called on the Federal Reserve to lead the development of real-time payments infrastructure for the modern era, available for all Americans. The [...]
U.S. Faster Payments Council Announced
The Federal Reserve today announced the formation of the U.S. Faster Payments Council (FPC), a new industry forum organized to help promote faster payments in the United States. FIN has [...]
FIN Joins Industry Groups Urging Congress to Pass IRS Modernization Legislation this Session
October 2, 2018 – Financial Innovation Now this week joined a coalition of industry organizations calling on Congress to pass legislation to modernize the Internal Revenue Service (IRS) to [...]
Industry Group Releases Faster Payments Governance Framework Draft, FIN Urges Inclusive Approach
April 24, 2018 – Under leadership of the Federal Reserve, an industry group today called for public input on a draft proposal for a new payments governance organization that aims to facilitate [...]
House Passes Bill to Modernize IRS, Enable Digital Financial Tools; FIN Priority Moves to the Senate
April 19, 2018 – The U.S. House of Representatives today passed legislation to automate income verification through a modern digital interface at the Internal Revenue Service. FIN has [...]
FIN Supports ACH Payment Expansion, Weekend and Holiday Processing
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: [...]
FIN Applauds CFPB Data Access Principles
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 [...]
FIN Supports McHenry Booker Bill to Automate Income Verification
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 [...]
FIN Welcomes CFPB Delay on Prepaid Rule
March 9, 2017 – Today the Consumer Financial Protection Bureau announced a proposal to delay implementation of its new rule on prepaid cards, including consideration of substantive changes [...]
FIN Expresses Significant Concern with Iowa Digital Wallet Tax
March 1, 2017 – Today Financial Innovation Now expressed significant concerns with an Iowa proposal to tax digital wallet transactions. In a letter to the Iowa House Judiciary Committee, FIN [...]
FIN Welcomes CFPB Oversight of Consumer Access to Financial Records, Urges Industry Effort on Standards
FIN Welcomes CFPB Oversight of Consumer Access to Financial Records, Urges Industry Effort on Standards February 21, 2017 – Today Financial Innovation Now responded to the Consumer Financial [...]
FIN Praises Fed’s Faster Payments for the Underbanked
January 26, 2017 – Today Financial Innovation Now praised the work of the Fed’s Faster Payments Task Force, in particular its benefits to the financially underserved. The Task Force today [...]
Comptroller of Currency ‘moving forward’ with fintech charters; FIN statement
December 2,2016 – Today the Office of the Comptroller of the Currency (OCC) confirmed it would ‘move forward’ accepting fintech charter applications, and issued a white paper [...]
Op-ed: Mobile financial technology can level the playing field for underserved consumers
The following piece originally appeared on TheHill.com: Low-income households can pay ten times more than affluent households for the most basic bank services, like cashing a paycheck, paying a [...]
FIN Submits FDIC Comments re: Mobile Financial Services Strategies
Today, Financial Innovation Now submitted comments to the FDIC for its request for comments on Mobile Financial Services Strategies and Participation in Economic Inclusion Demonstrations. Click [...]
White House Releases Report on Financial Inclusion
Today, the White House released its report from the Council of Economic Advisors on financial inclusion in the United States. The report highlights the use of technology in financial services as [...]
