SNELLVILLE, Ga.–The African American Credit Union Coalition has become an affiliate member of the American Fintech Council (AFC) and been nominated to serve on its Community Advisory Board.
“We are pleased to advance the mission of diversity and inclusion in the financial services sector along with AFC and its Community Advisory Board,” said AACUC President and CEO Renée Sattiewhite. “Financial inclusion that improves accessibility for the unbanked and underbanked is truly the greatest priority that we must address in order to close the racial wealth gap in America,” said Sattiewhite.
Added AFC CEO Garry Reeder, “We share AACUC’s dedication to building a financial services industry that is more inclusive and diverse. We are eager to work closely with AACUC and our Community Advisory Board to push forward policies that improve the financial well-being of all Americans, with a particular focus on communities of color and other underserved and vulnerable populations.”
Member Guidelines
The American Fintech Council said it is “truly committed to providing consumers with access to fair and transparent products and services,” saying its member companies operate under the following guidelines:
- Members advance the highest standards of fair lending and non-discrimination
- Credit products cannot be disguised or mischaracterized in order to avoid lending laws and regulations
- Consumer offerings must adhere to the maximum interest rate charges outlined in the Military Lending Act
- Small business lending products must adhere to the guidelines of the Small Business Borrower’s Bill of Rights