Integrating Financial Technology Innovation Into Regulatory Frameworks

Executive Order 14405 is an executive action signed by President [Name] that tells federal financial regulators to review and update rules that affect financial technology (fintech) firms. It directs regulators to look for rules, guidance, and application processes that block innovation, partnerships, and market entry, especially for small and emerging companies (Sec. 3(a)). It also asks the Board of Governors of the Federal Reserve System (FRB) to study whether uninsured banks and non-bank financial companies, including digital asset firms, should get direct access to Reserve Bank payment accounts and payment services (Sec. 4(b)). This matters because it could change how people send money, how financial companies compete, and how quickly new financial tools reach everyday consumers.