Trump orders review of fintech firms' access to Fed payment services
CoinTelegraph·
60-second summary
The US government orders a review of fintech firms' access to Federal Reserve payment services, with regulators to examine current regulations that may hinder streamlined applications for eligible fintech firms seeking bank and credit union charters, potentially paving the way for more fintech companies to access traditional banking services and expand their offerings.
Financial regulators are also asked to review regulations that could be amended to streamline applications for eligible fintech firms seeking bank and credit union charters.