Newsroom
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.
Speakers at the event included Rachel Siegel, a senior associate for the consumer finance project at the Pew Charitable Trusts and Julia Dempewolf, an associate in Mayer Brown's Washington DC office and a member of the Financial Services Regulatory & Enforcement group.
WHF is a nonpartisan association that promotes its members in the fields of housing and financial services, offering programs and opportunities in housing, financial services, professional enrichment and leadership enhancement. Last year, Aguilar was honored for her work and contributions to public service with WHF's 40 under 40 award and was elected as a Director on the WHF Foundation Board of Directors.