Trump tells Fed to consider fintech access to payment accounts
Donald Trump
May 19 : U.S. President Donald Trump signed an executive order on Tuesday calling on regulators and the Federal Reserve to review rules that may be stifling financial innovation, including whether the central bank could expand fintech access to its payment rails, the systems that move money between banks. The order asks the Fed to join other regulators in reviewing policies that could be updated to support fintech growth. It also calls on the Fed to examine its approach to granting access to
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