The National Foundation for Credit Counseling (NFCC) and the
American Fintech Council (AFC) are dedicated to supporting
financial literacy, education, industry best practices, and
innovative solutions for consumers.
WASHINGTON, July 29,
2024 /PRNewswire-PRWeb/ -- The American Fintech
Council (AFC), the fastest growing premier industry association
representing responsible fintech companies and innovative banks has
announced a new partnership with the National Foundation for Credit
Counseling (NFCC), the nation's largest and longest-serving network
of non-profit credit counseling agencies. Both organizations will
work together to support their members and promote responsible
innovation in financial services to best serve American
consumers.
The NFCC is proud to work with the AFC to
ensure consumers have access to the education and support they need
to make the most of the very latest financial technology.
"In a rapidly evolving technology and financial landscape,
consumers need affordable, accessible, and trustworthy services and
support," said Mike Croxson, CEO of
the NFCC. "The relentless pace of innovation and technology-driven
services can threaten to leave consumers disoriented, without
support or a human to talk to when they need help. We are proud to
partner with the AFC to ensure consumers have access to the
education and support they need to make the most of the very latest
financial technology."
Since 1951, the NFCC has been a leading nonprofit dedicated to
improving people's financial well-being. With a network of NFCC
Certified Credit Counselors serving all 50 states and U.S.
territories, NFCC's counselors act as financial advocates,
empowering millions of consumers to take charge of their finances
through one-on-one financial reviews that address credit card debt,
loans, housing decisions, and overall money management.
"It is essential that we work together with the NFCC to
understand the challenges consumers are facing and the latest
innovations in financial services that may serve as a critical
lifeline," said Phil Goldfeder,
Chief Executive Officer at the American Fintech Council. "As a
trade association built on the foundation of responsible
innovation, AFC is uniquely positioned to support the work of NFCC
and help our combined membership serve consumers."
This collaborative effort will create a range of opportunities
for members of both organizations to collaborate and offer
innovative financial literacy programs, introduce the latest safe
and affordable fintech products, and champion programs and products
that create financial optionality and pathways out of debt for
millions of Americans. In addition, both organizations will work
together to educate their collective membership through podcasts,
webinars, and by supporting each other's events.
A standards-based organization, AFC is the premier trade
association representing the largest financial technology (Fintech)
companies and innovative BaaS banks. 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 the National Foundation for Credit Counseling (NFCC)
Founded in 1951, the National Foundation for Credit Counseling
(NFCC) is the oldest nonprofit dedicated to improving people's
financial well-being. With a nationwide network of NFCC Certified
Credit Counselors serving 50 states and all U.S. territories, NFCC
nonprofit counselors are financial advocates, empowering millions
of consumers to take charge of their finances through one-on-one
financial reviews that address credit card debt, loans, housing
decisions, and overall money management. For expert guidance and
advice, call (800) 388-2227 or visit http://www.nfcc.org.
Media Contact
Bruce McClary, NFCC,
202-677-4301, bmcclary@nfcc.org, www.nfcc.org
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content:https://www.prweb.com/releases/nfcc-partners-with-afc-to-support-consumers-provide-safe-pathways-out-of-debt-and-increase-access-to-responsible-and-affordable-financial-services-302208326.html
SOURCE NFCC