Remove Consumer Protection Remove Request for Information Remove Underserved
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AFC Writes to OCC: Partnerships and Regulatory Clarity Key For Community Banks to Take the Next Step

The Fintech Times

In addition to a focus on partnerships and their role in advancing underserved communities, the AFC also highlights that without consistent and clear oversight, community banks could be plagued by disproportionate compliance burdens.

OCC 59
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American Fintech Council Calls for Treasury to Back Innovation by Enhancing Regulatory AI Clarity

The Fintech Times

In June, the Treasury Department issued a request for information on the use of AI in financial services. ” AFC also explained that it recognises the ‘essential’ role of existing consumer protections and governance structures in safeguarding consumer privacy and managing third-party risk.