Financial Forward: The Future of Consumer Finance & Banking American Fintech Council - Ian Moloney Talks the Future of Our Industry
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Apr 18, 2025 Ian Moloney, Head of Policy & Regulatory Affairs at the American Fintech Council, discusses the vital role of fintech in consumer finance. He emphasizes the need for responsible innovation amid regulatory challenges. Ian highlights the importance of transparency and fairness to build consumer trust, particularly as the industry evolves. He also outlines key policy trends to watch for in 2025 and calls for fintech leaders to engage actively in policy discussions, ensuring the future benefits both innovators and consumers.
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AFC's Holistic Mission
- The American FinTech Council (AFC) promotes a transparent, inclusive, and consumer-centric financial system.
- AFC bridges regulators, banks, and fintechs to ensure responsible innovation with consumer protection.
Fintech's Regulatory Landscape
- Fintech today is cautiously optimistic with regulatory progress mostly positive at the federal level.
- However, fragmented state regulation creates friction and potential enforcement risks that require coordinated engagement.
Earned Wage Access Growth Story
- Earned wage access was once a niche concept without scale due to tech limitations.
- Now technology enables widespread, responsible earned wage access amid ongoing efforts to create solid regulatory frameworks.