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Financial Inclusion

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By Lauren Greenwood
In Data, Financial Inclusion, Regulation
Posted February 4, 2021

FIN Encourages CFPB to Empower Consumers with Technology and Data

February 4, 2021 – Today Financial Innovation Now urged the Consumer Financial Protection Bureau to move forward with a rulemaking to help preserve and expand consumer access to financial [...]

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By Lauren Greenwood
In Federal Reserve, Financial Inclusion, Payments
Posted November 7, 2019

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 [...]

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By Brian Peters
In Federal Reserve, Financial Inclusion, Payments
Posted July 15, 2019

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 [...]

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By Lauren Greenwood
In Federal Reserve, Financial Inclusion, Mobile, Payments
Posted December 14, 2018

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 [...]

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By Lauren Greenwood
In Federal Reserve, Financial Inclusion, General News, Payments
Posted November 13, 2018

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 [...]

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By Lauren Greenwood
In Credit, Financial Inclusion, Legislation
Posted October 2, 2018

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 [...]

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By page.lysupportadmin
In Financial Inclusion, Payments, Uncategorized
Posted April 24, 2018

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 [...]

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By Josh Ackil
In Financial Inclusion, Legislation, Mobile
Posted April 18, 2018

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 [...]

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By Brian Peters
In Financial Inclusion, Payments
Posted January 26, 2018

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: [...]

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By Brian Peters
In Data, Financial Inclusion, General News, Regulation
Posted October 18, 2017

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 [...]

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By Brian Peters
In Financial Inclusion, Legislation
Posted September 28, 2017

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 [...]

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By Brian Peters
In Financial Inclusion, Payments, Regulation
Posted March 10, 2017

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 [...]

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By Brian Peters
In Financial Inclusion, Payments, Regulation
Posted March 1, 2017

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 [...]

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By Brian Peters
In Financial Inclusion, Regulation, Uncategorized
Posted February 21, 2017

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 [...]

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By Brian Peters
In Financial Inclusion, Payments
Posted January 26, 2017

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 [...]

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By Brian Peters
In Financial Inclusion, General News, Regulation
Posted December 2, 2016

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 [...]

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By Brian Peters
In Financial Inclusion
Posted October 17, 2016

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 [...]

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By Brian Peters
In Financial Inclusion, Mobile
Posted June 15, 2016

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 [...]

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By Brian Peters
In Financial Inclusion
Posted June 10, 2016

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 [...]

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