AFC testified in Nevada commending regulators for pragmatic approach to Responsible Earned Wage Access (EWA) and calls for regulator to end scam credit repair activity

Testimony comes on the heels of AFC attendance in Salem at the Oregon Legislative Days and ahead of upcoming engagement with New York lawmakers

Washington, DC (September 24, 2026) – The American Fintech Council (AFC), the largest industry association representing both responsible fintech companies and innovative banks, testified before the Nevada Department of Business and Industry, Financial Institutions Division public hearing commending the state for its first in the nation approach to regulating Earned Wage Access (EWA) as well as calling on regulators to curtail abusive practices in for-profit credit repair industry. AFC continues to lead efforts across the country, including attending Legislative Days in Oregon and an upcoming meeting with lawmakers in New York, to establish clear, consumer-focused regulatory frameworks that enable responsible innovation while expanding access to safe, low-cost financial services.

“AFC’s state advocacy is critical in our efforts to build a regulatory environment that protects consumers while expanding access to safe, modern financial tools,” said Phil Goldfeder, CEO of the American Fintech Council and former elected member of the New York State Legislature. “As a standards-based organization, AFC remains committed to partnering with state leaders to establish clear, durable standards that allow innovation, promote transparency, and empower consumers.”

In testimony submitted to the Nevada Department of Business and Industry’s Financial Institutions Division, AFC commended Nevada for its early leadership in establishing oversight for EWA, creating a pragmatic model for consumer protections that other states have followed. AFC urges the state to remove or extend the statute’s 2029 sunset date to ensure Nevadans maintain continuous access to this important tool.

“Most legislatures may not be in session, but that has not slowed AFC and our state team from weighing in on important policy issues in states across the country,” said Ashley Urisman, Director of State Government Affairs at the American Fintech Council. “Nevada is a pioneer in demonstrating how pragmatic oversight can successfully foster responsible innovation without sacrificing consumer protections. Extending or removing the 2029 sunset date in NAC Chapter 604D is critical in preserving a proven regulatory model that protects Nevadan consumers while guaranteeing reliable access to their earned wages.”

Additionally, AFC traveled to Salem last week to participate in Oregon Legislative Days, meeting with state leaders on key financial technology issues and modern consumer protections. AFC will also meet with New York lawmakers next week to continue driving policy discussions around responsible financial innovation, consumer safeguards, and regulatory clarity across key state markets.

A standards-based organization, the American Fintech Council (AFC) is the largest and most diverse trade association representing financial technology (fintech) companies and innovative banks. On behalf of nearly 175 member companies and partners, AFC promotes 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.

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