August 7, 2025

FOR IMMEDIATE RELEASE
August 7, 2025

 

Contact: Press@FintechCouncil.org

Statement from Ian P. Moloney, SVP and Head of Policy and Regulatory Affairs at the American Fintech Council (AFC), on Debanking Executive Order

“Access to safe and innovative financial services should never be dictated by political ideology or the party in the White House. A stable, inclusive, and resilient financial system depends on clear and consistent rules that apply equally to all. We appreciate the Trump administration’s efforts to ensure politics do not interfere with the proper functioning of the financial ecosystem.

“Regulated entities need the clarity and certainty of apolitical, legally sound financial decision-making to continue their work serving consumers and building responsible, innovative products and services. While AFC respects the role of the examiner and the discretion that they are afforded, we believe that this discretion should never be used to regulate the consumers whom regulated entities can serve in a safe and sound manner. AFC remains committed to ensuring that consumers and businesses, regardless of viewpoint, can access banking services free from arbitrary or politically motivated decisions.”