Federal Register #2026-10399

Executive Order on Integrating Financial Technology Innovation Into Regulatory Frameworks

This executive order from the Executive Office of the President outlines a government-wide initiative to modernize financial technology (fintech) regulations. - Federal financial regulators are directed to review and update regulations to foster fintech innovation - Agencies involved: Consumer Financial Protection Bureau, Securities and Exchange Commission, National Credit Union Administration, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency - Focus on reducing barriers for fintech firms, especially small and emerging companies, to partner with federally regulated financial institutions - Federal Reserve Board is requested to evaluate expanding access to Reserve Bank payment accounts and services for non-bank financial companies and uninsured depository institutions involved in digital assets and novel financial activities - No specific products, services, OEMs, or purchase quantities are requested; this is a regulatory directive, not a procurement opportunity

Description

This executive order aims to update and streamline federal regulations to foster financial technology (fintech) innovation. It directs federal financial regulators to review and revise regulations and supervisory practices to reduce barriers for fintech firms, especially small and emerging ones, to enter partnerships with federally regulated institutions. The order also requests the Federal Reserve Board to evaluate and potentially expand access to Reserve Bank payment accounts and services for non-bank financial companies and uninsured depository institutions engaged in digital assets and novel financial activities. The overall goal is to encourage innovation while maintaining safety, soundness, consumer protection, and financial stability.

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