Washington, DC, May 5, 2021 – In response to the Federal Reserve Board’s invitation for public comment on Account Access Guidelines, the Financial Technology Association said the following:

One of the core pillars of FTA is informing the modernization of regulatory frameworks in order to safeguard consumers and advance the development of trusted, digital financial markets and services. Forward-leaning approaches to bank chartering, which would include access to Fed payment accounts and systems, can provide consumers with greater financial services choice, access, and options. FTA looks forward to engaging with the Fed through the comment process to help inform a safe, inclusive, and vibrant future of finance in the United States.