“The American Fintech Council congratulates Michelle Bowman on her confirmation as Vice Chair for Supervision at the Federal Reserve. Throughout her tenure, Governor Bowman has championed a thoughtful, transparent, and pragmatic approach to supervision—qualities that will serve the Fed and the financial system well in this new role. She has worked directly with AFC and our members, exemplifying her commitment to understanding and encouraging responsible innovation in financial services.

“We are confident that Vice Chair Bowman will continue working to modernize oversight, encourage responsible innovation, and support a regulatory environment that reflects the evolving nature of consumer financial services. As the financial sector continues to responsibly innovate, her leadership is essential to ensuring that stability and progress go hand in hand.

“AFC looks forward to continued engagement with Vice Chair Bowman and the Federal Reserve to help create a clear, risk-based supervisory framework that meets the needs of today’s diverse financial ecosystem.”

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