White House Executive Order Signals Major Shift in Federal Policy for Fintechs and Payment Systems
Alan S. Kaplinsky & Adam Maarec, Ballard Spahr
President Trump issued another significant Executive Order affecting the financial services industry, this time directed at integrating financial technology innovation more directly into the U.S. regulatory framework.
The Executive Order, entitled “Integrating Financial Technology Innovation into Regulatory Frameworks,” was signed on May 19, 2026. The EO is noteworthy not only because of its broad deregulatory tone, but also because it expressly directs federal banking regulators, including the Federal Reserve, to reconsider longstanding barriers that have limited fintech and crypto firms’ access to the nation’s payment infrastructure…
Related Reading: White House Issues Immigration Executive Order for Banks
Read moreAI Regulation Needs a ‘Bank Examiner’
Peter Conti-Brown and Kevin Werbach, Wall Street Journal
An expert body to supervise risk is a much more promising model than the FDA or product-safety laws.
The Trump administration came into office promising to unleash American artificial intelligence and strip away Biden-era regulatory guardrails. Yet recent noises out of the White House sound anything but light-touch…
Read more
Affordability Is Driving Consumers to Auto Loan Refis — and Opening a Growth Route for Lenders
By Steve Cocheo, The Financial Brand
The price of new cars has grown prohibitive for many consumers. As levels have risen, the financed portion of those purchases has reached record levels.
For example, in the first quarter, the average amount of new car financing rose by 6.6% to $45,028, a significant jump in the growth rate of prices over even the increase from Q1 2024 to Q1 2025, which was only an average of 2.5%, according to analysis by S&P Global Mobility and TransUnion…
Read moreBipartisan FUTURES Act Passes House Financial Services Committee
Liz Carey, Financial Regulation News
Legislation introduced by U.S. Rep. Marlin Stutzman (R-IN) to enhance regulatory agencies’ ability to conduct thorough supervision and ensure the safety of the financial system has unanimously passed the House Financial Services Committee.
The legislation, the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision (FUTURES) Act, aims to modernize technology systems within the federal agencies responsible for regulating banks and credit unions while enhancing their capacity for supervision and oversight. Co-sponsored by U.S. Rep. Bill Foster (D-IL) the legislation, H.R. 8278, passed out of committee with a 52-0 vote…
Read more
Chime CEO: Pursuing Bank Charter Is ‘A When, Not If’
Caitlin Mullen, Banking Dive
The fintech regularly reevaluates the potential timing of an inevitable push for a charter, Chime CEO Chris Britt said Monday, as regulators see an influx of applications.
Chime is satisfied with its bank partners, said Britt, the company’s co-founder. The fintech works with Stride Bank and The Bancorp Bank, so it can offer customers Federal Deposit Insurance Corp.-insured banking services.
Read more