National law firm strengthens regulatory expertise and leadership in financial technology, policy development

Washington, D.C. (January 30, 2025) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Ballard Spahr as the newest member of its Legal Advisory Committee. A national law firm that is nationally recognized for excellence in financial services regulatory compliance and innovation, Ballard Spahr joins a committee of preeminent law firms and compliance leaders dedicated to advancing critical legal and regulatory initiatives, supporting policy development, and promoting business growth in financial services.

“Ballard Spahr’s extensive experience in regulatory compliance, litigation, and financial innovation makes them a valuable addition to the AFC Legal Advisory Committee,” said Phil Goldfeder, Chief Executive Officer of AFC. “Their dedication to fostering responsible innovation while ensuring regulatory compliance aligns perfectly with AFC’s mission, and we are thrilled to welcome their expertise to our work in promoting a transparent, inclusive, and customer-centric financial system.”

Ballard Spahr’s attorneys are consistently ranked among the best in the nation for financial services regulation, fintech compliance, and innovative legal strategies. By joining the Legal Advisory Committee, Ballard Spahr will collaborate with AFC members to shape the future of financial services and support a thriving fintech ecosystem.

“With more than 70 attorneys across the country and recognized skill in regulatory matters, the design of financial services products, and litigation, we are well-positioned to help clients navigate the evolving complexities of financial services regulation while driving responsible innovation,” said John D. Socknat, co-leader of the firm’s Consumer Financial Services practice. “We are excited to join the AFC Legal Advisory Committee and collaborate with industry leaders to advance meaningful solutions that benefit financial institutions, innovators, and consumers.”

Ballard Spahr has been ranked as a top firm for advising Fintech companies by Chambers FinTech Guide 2024. In addition, the firm has consistently been ranked in the highest national tier for consumer financial services regulation.

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.

About Ballard Spahr
Ballard Spahr LLP—an Am Law 100 law firm with more than 750 lawyers in 18 U.S. offices—serves clients across industries in litigation, transactions, and regulatory compliance. A strategic legal partner to clients, Ballard goes beyond to deliver actionable, forward-thinking counsel and advocacy powered by deep industry experience and an understanding of each client’s specific business goals. Our culture is defined by an entrepreneurial spirit, collaborative environment, and top-down focus on service, efficiency, and results. Visit https://www.ballardspahr.com/

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