American Fintech Council (AFC) Announces Support for Maryland Legislation Promoting Transparency and Regulation in Small Business Financing
- louis4952
- Feb 26, 2024
- 1 min read
Updated: Aug 24
FINTECHCOUNCIL.ORG February 26, 2024
The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, announced its support for the Maryland Commercial Financing – Small Business Truth in Lending ACT. The legislation, introduced by Senator Benjamin Kramer and Delegate David Fraser-Hidalgo, will create long-needed transparency for Maryland small business borrowers and establish critical rules for small business lenders.
“Small businesses deserve the clarity that enables them to make informed decisions about the financial options available to help their business thrive and grow,” said Phil Goldfeder, Chief Executive Officer of the American Fintech Council. “Commonsense transparency standards promote innovation. We applaud the sponsors of this bill for their commitment to protecting small businesses looking for the capital they need to help them realize their dreams.”