American Fintech Council names finance veteran as new CEO

The American Fintech Council (AFC) has named Gary Reeder as its new CEO.

Reeder holds over 20 years of experience in the public and private sectors. He has previously served at the U.S Department of the Treasury, the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau. Most recently, he was chief of innovation and policy at the Financial Health Network.

According to the AFC, as CEO, Reeder will play a key role in the continued formation and maturation of the council. He will work alongside government leaders, industry stakeholders, regulators, non-profits and community advocates. He will also lead the AFC’s Executive Committee, which comprises leading banks and FinTechs.

The AFC added Reeder’s management, advocacy and public policy experience will be ‘instrumental’ in steering the Council’s mission to promote policies that advance responsibility innovation and inclusivity within financial services.

Established in March 2021, the AFC was created to promote a more transparent, customer-centric and inclusive financial system as well as fostering innovation in FinTech. The Council was founded following a merger between the Marketplace Lending Association and the Online Lending Policy Institute. To date, the Council has more than 50 members across banking, lending, RegTech and wealth management.

Reeder said, “The AFC’s commitment to providing consumers with access to fair and transparent products and services enables them to provide much-needed leadership in Washington, D.C.

“I share their dedication to building a financial services industry that is more inclusive and diverse. I’m excited to lead this group and work alongside consumer advocates, civil rights organizations, regulators, and legislators at the state and federal level to ensure working families have opportunities to benefit from the products our members offer and push forward policies that improve the financial well-being of all Americans. I’m eager to start and look forward to this new opportunity.”

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