United StatesRequires federal agencies to study bank–fintech partnership effects
Findings could shape future rules affecting how banks, credit unions, and fintechs work together and what financial products consumers receive.
What it does
Requires the Federal Reserve Board, the Comptroller of the Currency, and the FDIC to study bank–fintech partnerships and submit a report to Congress within one year.
Requires the National Credit Union Administration to study credit union–fintech partnerships and report to Congress within one year.
Specifies study topics including effects on competition, innovation, consumer protection, availability of products, time to market, compliance burdens, customer acquisition, technological capability, and funding sources.
Argument forA coordinated study can produce evidence on how partnerships affect competition, innovation, and consumer protection, helping craft better policy.
Argument againstA study may delay needed policy action if regulators rely on it instead of using existing tools to address harms or gaps now.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 18Introduced in SenateLatest
- Jun 18Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Introduced
TechnologyEconomy & JobsConsumer Protection