Fact Sheet: President Donald J. Trump Integrates Financial Technology Innovation into Regulatory Frameworks

BREAKING BARRIERS FOR FINANCIAL TECHNOLOGY INNOVATION AND COMPETITION: President Donald J. Trump signed an Executive Order to streamline regulations and promote financial innovation and collaboration between financial technology (fintech) firms, federally regulated financial institutions, and Federal financial regulators.

The Order directs Federal financial regulators to review existing regulations, guidance, supervisory practices, and application processes to identify those that could be updated to facilitate innovation and greater competition in the provision of financial services, while maintaining safety and soundness.