ETA, policymakers to meet on Capitol Hill

The Electronic Transactions Association’s annual Fintech Policy Forum, set for Sept. 22, 2022, will engage payments industry stakeholders and government officials in substantive discussions on trending fintech and regulatory topics. The event will facilitate networking and meaningful dialog among federal and state lawmakers and payments industry leaders, ETA representatives stated.

Jodie Kelley, CEO of the ETA, noted forum participants will directly engage with officials from the Office of the Comptroller of the Currency (OCC), Federal Reserve Board and Consumer Financial Protection Bureau (CFPB). “ETA’s annual Fintech Policy Forum showcases leading payments executives and policymakers discussing the cutting edge of payments and policy,“ she said.   Kelley further noted the event is aimed at developing a constructive policy climate that encourages innovation while protecting consumers. As regulators take notice of fintech innovations and new consumer product offerings, these conversations and networking activities among lawmakers and payments industry stakeholders will foster understanding of security and best practices and clarify fintech policy outlook in the months and years ahead, she stated.

Agenda highlights

ETA representatives pointed out that this year’s forum will explore a range of topics at both state and federal levels, including financial inclusion, buy now pay later, open banking, international payments, cryptocurrency and central bank digital currency (CBDC).

At the federal level, Sen. Mike Rounds, R-S.D., member of the Senate Banking, Housing and Urban Affairs Committee, will discuss issues facing the payments and fintech sphere, such as approaches to cryptoassets and consumer privacy. In addition, Kelley will interview Rohit Chopra, director of the CFPB, in a fireside chat on the bureau's priorities related to fintech and payments.

From a state perspective, New York Assemblyman Clyde Vanel, D-N.Y.-33, Chair, Subcommittee on Internet and New Technology, will recap trending issues in New York and other states. Additional discussions will explore financial inclusion, open banking, the latest technology in payments, digital ID, earned wage access and crypto.

Broad, bipartisan support

Additional highlights slated include a presentation on the state of payments by Philip McHugh, president at the ETA, and discussion moderated by Jonah Crane, partner at Klaros Group, with panelists Jeff Ernst, manager, innovation policy, for the Federal Reserve Board; Beth Knickerbocker, chief innovation officer, at the OCC; and Amy Zirkle, senior program manager, payments and deposits markets for the CFPB.

As ETA representatives have noted, as policymakers and payments industry leaders explore ways to improve access to secure, reliable and effective financial services, support from both sides of the aisle will ensure success. Rep. Warren Davidson, R-Ohio, ranking member of the Task Force on Financial Technology, will present at talk on a bipartisan approach to fintech.

For additional information or to register for the event, visit: fintech2022.expotracker.net/index.aspx .

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