“The American Fintech Council (AFC) congratulates Congressman French Hill on his election as the next Chair of the House Financial Services Committee. Mr. Hillis a longtime supporter of responsible financial innovation and clear fintech industry guidelines that ensure consumers have access to critical safe and affordable financial tools.

As Vice Chairman of the committee and Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, he has demonstrated a keen understanding of the complex realities of the financial industry, and the need to craft smart, effective, and pragmatic policies. We particularly appreciate his advocacy pushing the FDIC to prioritize greater understanding of responsible fintech innovation after the agency reorganized its FDITech office, as well as his support for clear and consistent regulations governing bank-fintech arrangements. Consumers have won a great advocate in Chairman Hill, and we look forward to working with him in his new role and supporting policies to empower responsible innovation that makes the finance industry more inclusive and transparent.”

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