AFC outlines key priorities for strengthening collaboration, regulatory modernization, and innovation at the OCC

Washington, D.C. (February 12, 2025) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today submitted a letter to nominee of the Comptroller of the Currency Jonathan Gould, congratulating him on his nomination to the Office of the Comptroller of the Currency (OCC) and outlining key priorities for fostering responsible innovation in the financial services industry. AFC praised nominee Jonathan Gould’s record of leadership and commitment to building a robust and resilient banking system.

“Jonathan Gould’s nomination to be Comptroller of the Currency is an exciting opportunity to advance responsible innovation and inclusion in financial services,” said Phil Goldfeder, CEO of the American Fintech Council. “His leadership on the “Madden Rule” and endeavors to encourage the chartering of innovative companies positions him perfectly to lead the OCC. We are eager to work with nominee Jonathan Gould to build a resilient financial system that balances growth and responsible innovation with strong consumer protections.”

In its letter, AFC highlights several priorities for the OCC, including reengaging on True Lender to bring regulatory clarity to bank-fintech partnerships and addressing the patchwork of state laws that has emerged in the absence of federal guidance. It also encourages the OCC to redouble its efforts through the Office of Financial Technology, building on the positive contributions that have already positioned the agency as a leader in fostering responsible innovation. Additionally, AFC calls for developing innovation-focused supervisory and examination materials to ensure examiners are well-equipped to assess evolving business models and risks.

“Throughout his time both at the OCC and in the private sector, nominee Jonathan Gould has shown a clear commitment to creating a financial system that supports both responsible innovation and consumer protection,” said Ian P. Moloney, SVP and Head of Policy and Regulatory Affairs at AFC. “By modernizing supervisory practices and encouraging collaboration across regulatory agencies, the OCC can create a more consistent and transparent regulatory environment that benefits consumers and financial institutions alike.”

AFC looks forward to working with nominee Jonathan Gould and the OCC to promote pragmatic regulation and sound public policy in support of a transparent, inclusive, and customer-centric financial system.

A standards-based organization, AFC is the premier trade association representing the largest financial technology (Fintech) companies and innovative banks offering embedded finance solutions. AFC’s mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies.

‍