Bank-Fintech Partnership Enhancement Act

This bill would require the Federal Reserve Board, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to study partnerships between banks and financial technology (fintech) companies. The study would look at how these partnerships affect competition, innovation, consumer protection, the formation of new banks, and access to financial products. It would also identify changes to federal laws, rules, or guidance that may help these partnerships. The National Credit Union Administration would do a similar study of partnerships between credit unions and fintech companies. Each agency would report its findings to Congress within 1 year after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Pete Ricketts Republican sponsor
• 1 cosponsors