WASHINGTON, Aug. 18 -- The American Fintech Council, an organization that says it promotes a transparent, inclusive and customer-centric financial system, issued the following news release:

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American Fintech Council (AFC) Commends FFIEC for Historic Modernization of CAMELS Rating System, Advocates for Materiality Based Approach

Letter supports balancing the Management component, ensuring technology-neutral examinations, and prioritizing material pruden . . .

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