National law firm brings legal expertise in banking, fintech, digital assets, and emerging technologies to support responsible innovation

Kansas City, MO (November 17, 2025) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, announced the addition of Spencer Fane as the newest member of its Legal Advisory Committee. Spencer Fane is a full-service business law firm that advises banks, credit unions, and fintech companies on regulatory, transactional, and corporate matters. As an AFC Legal Advisory Committee member, Spencer Fane joins a network of industry leaders committed to fostering responsible innovation, providing strategic legal guidance, and supporting the growth of the financial technology sector.

“Spencer Fane has significant experience advising banks, fintechs, and technology companies operating in a rapidly evolving regulatory environment,” said Phil Goldfeder, CEO of the American Fintech Council. “Their knowledge of licensing, bank partnerships, and complex regulatory frameworks will bring valuable insight to our Legal Advisory Committee and help inform policy discussions across the industry.”

Spencer Fane’s fintech practice provides legal guidance on regulatory compliance, licensing and registration, bank partnerships, BaaS arrangements, and policy advocacy. The team also advises on consumer financial protection laws, technology and licensing agreements, data privacy, and cybersecurity compliance. These capabilities help fintech companies navigate evolving regulations, manage risk, and bring new financial products to market responsibly.

“Our team works closely with clients to help them manage regulatory requirements and adapt to new technologies and business models,” said Shelli Clarkston, Fintech Market Team lead at Spencer Fane. “We look forward to contributing to AFC’s efforts to support responsible innovation and to provide practical insight on the legal issues shaping the future of financial services.”

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 Spencer Fane

Spencer Fane is a full-service business law firm focused on providing results that move clients and their businesses forward. With direct access to firm leadership and a different approach to client engagement, its 600+ attorneys instill confidence and certainty that the clients’ interests are the firm’s priority. The firm has 30 offices nationwide and is continuing to expand its footprint.

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