AFC Policy Summit

The American Fintech Council (AFC) recently hosted its ninth annual Policy Summit in Washington, D.C., attracting a capacity crowd of esteemed regulators, industry leaders, policymakers, and innovators dedicated to advancing responsible financial innovation. This summit served as a pivotal platform for discussing the future of responsible innovation, competition, and consumer empowerment within the fintech sector. During the event, AFC's leadership emphasized critical issues such as open banking, bank-fintech partnerships, fintech lending, earned wage access, digital assets, and the role of artificial intelligence in the financial services landscape. Phil Goldfeder, CEO of the American Fintech Council, remarked on the significance of collaboration among industry leaders, legislators, and regulators, stating that the discussions reinforced the idea that a stronger financial system relies on encouraging competition, protecting data access, and providing families with genuine choices in managing their finances.The summit also featured remarks from notable figures, including a representative from the Department of Treasury, who highlighted the importance of aligning the regulatory capital framework with underlying risks to foster an innovative financial system. Additionally, Congresswoman Young Kim, a member of the House Financial Services Committee, expressed her commitment to educating stakeholders on how fintech can enhance their efforts in financial literacy and wealth creation. Looking ahead, AFC announced ambitious plans for its Tenth Annual Policy Summit, scheduled to take place at Capital Turnaround in Washington, D.C., in 2026. This upcoming summit is expected to be the largest yet, with exclusive discussions on the industry's pressing issues alongside policymakers and leaders from innovative banks and fintech companies. AFC aims to create an environment that fosters regulatory clarity, addresses industry challenges, and promotes a transparent and inclusive consumer-oriented finance system.