NAFCU gets insights into fintech, payment innovations at WHF event
NAFCU’s Senior Regulatory Compliance Counsel Jennifer Aguilar Tuesday attended a Women in Housing and Finance (WHF) event focused on payment innovations. NAFCU remains committed to ensuring a level playing field for credit unions and continues to monitor the financial services landscape for potential changes that could impact the industry.
The association also has also published whitepapers on fintech and data privacy, seeking to empower credit unions with the tools to better serve their communities, while ensuring proper congressional and regulatory oversight.
Additionally, Aguilar and members of NAFCU’s Regulatory Affairs team previously met with CFPB Office of Innovation Director Paul Watkins and other bureau staff to discuss the bureau’s trial disclosure policy and compliance assistance sandbox, which intend to promote innovation and facilitate compliance at financial institutions.
During Tuesday’s lunch, attendees discussed new survey research from the Pew Charitable Trusts about consumer’s understanding of and trust in mobile payments and how this influences whether they use new fintech solutions. Other topics of discussion included consumer experience with dispute resolution, the prepaid account rule’s impact on mobile payments, improving consumer education surrounding mobile payments and the forthcoming FedNow service.
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