What does Preamble of Bank-Fintech Partnership Enhancement Act do?

This bill requires the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to conduct a study. The study will focus on partnerships between financial technology companies and banking organizations. The purpose of the study is to examine how these partnerships can support new banking organization formation and community bank health.

What does SHORT TITLE. of Bank-Fintech Partnership Enhancement Act do?

This bill is formally titled the Bank-Fintech Partnership Enhancement Act.

What does DEFINITIONS. of Bank-Fintech Partnership Enhancement Act do?

This section defines terms used within the Act. The term 'banking organization' is defined as a depository institution holding company or an insured depository institution. The meanings of 'depository institution holding company' and 'insured depository institution' are derived from section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).

What does STUDY ON BANK-FINTECH PARTNERSHIPS. of Bank-Fintech Partnership Enhancement Act do?

This section mandates a study by the Federal Reserve, the Comptroller of the Currency, and the FDIC regarding partnerships between banking organizations and financial technology companies. The study will assess the impact of these partnerships on the banking sector, competition, innovation, consumer protection, and the availability of financial products and services. The study will also examine potential changes to federal laws, rules, or guidance that could promote effective partnerships. A report containing the study's findings and determinations must be submitted to Congress within one year of the Act's enactment.

What does STUDY ON CREDIT UNION-FINTECH PARTNERSHIPS. of Bank-Fintech Partnership Enhancement Act do?

This section directs the National Credit Union Administration (NCUA) to conduct a study on partnerships between credit unions and financial technology (FinTech) companies. The study will examine the impact of these partnerships on various factors including the credit union sector, competition, innovation, consumer protection, and the availability of financial products and services. The study will also assess potential changes to federal laws or NCUA rules and guidance that could promote effective credit union-FinTech partnerships. The NCUA is required to submit a report to Congress containing the study's findings and determinations within one year of the Act's enactment.

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Bank-Fintech Partnership Enhancement Act

Last updated: 6/18/2026 · Introduced: 6/18/2026

Author: Pete Ricketts (R-NE)

TL;DR (AI)

The Federal Reserve, Comptroller of the Currency, and FDIC must conduct a study on partnerships between banks and financial technology companies, assessing their impact on the banking sector and potential regulatory changes.
The National Credit Union Administration (NCUA) is directed to conduct a similar study focusing on partnerships between credit unions and financial technology companies.
Both studies are required to submit reports to Congress within one year, detailing findings and recommendations for promoting effective partnerships.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 3 more.

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