Safeguard. Empower. Advance.

FTA focuses on policy tracks that are unified under our guiding “north star” concept: that policy formation should be driven by safeguardingempowering, and advancing consumer and end-user interests.

When considered together, these areas of focus will create consumer safeguards and protections, while fostering business model innovation that can deliver access to safe, inclusive, low-cost, and equitable financial products, services, and opportunities.

Our primary policy tracks propose solutions to drive these key outcomes:

Safeguard consumers and promote financial education and literacy
Further upgrade the national financial infrastructure
Provide fair, accessible, and transparent financial services to consumers, including in marginalized and underserved communities
Encourage private sector innovation
Champion the role of the U.S. as a leader in the global financial ecosystem

Policy Tracks

Modernizing Financial Regulatory Frameworks, Charters, and Licenses

The first track is centered on the importance of further modernizing the current approach to chartering, licensing, and regulating financial institutions. Overly rigid conceptions threaten to entrench the status quo and stunt the natural evolution of financial services models.

Policymakers must continue to anticipate change and recognize new, innovative models, subject to appropriate safeguards, that will benefit consumers and improve markets. Regulation should protect consumers and be proportionate and tailored to mitigate identifiable risks. Policy should allow both incumbents and new entrants to responsibly innovate, including those that seek heightened regulatory oversight in return for the privileges provided by participation in the financial system.

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Federalism for the 21st Century: Recognizing, Rationalizing, and Supporting Federal and State Frameworks

The second track is focused on openly addressing and agreeing on the important role of federalism in financial regulation. The dual banking system is a well-recognized and successful regulatory model that provides valuable insight into how state and federal frameworks can interact and operate in parallel.

Based on this model and its success in limiting overlapping or conflicting laws, policymakers should recognize that in the context of fintech, both state and federal regulatory options can coexist and are essential in driving consumer benefit, healthy competition, and innovation.

Fintech Partnerships & Technology Integration

The third policy track considers how policymakers can safely facilitate and encourage adoption of emerging technologies and beneficial partnerships between financial institutions and fintech companies that improve consumer access, choice, and opportunity.

Whether through clear guidance or explicit recognition of fintech partnership or vendor models, policymakers can ensure that promising fintech solutions will continue to be integrated responsibly into financial services and markets.

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Expanding Ownership and Responsibly Increasing Financial Market Accessibility & Opportunities

The fourth track considers policies that can further enhance long-term ownership opportunities and the health of our financial markets. Capital formation remains critical to the growth of new businesses, and access to sound financial advice and long-term investment opportunities can be a great equalizer for a population beset by increasing inequality.

As part of this effort, financial education and literacy are critical, and incentives should align to promote financial health. Sound policy can ensure that more Americans have fair and accessible opportunities to participate in our financial markets, own equity, and participate in wealth creation.

Innovating Regulatory Oversight and Compliance

The final track is focused on modernizing how entities implement and comply with regulation and how regulators operate in order to satisfy their missions.

New regulatory technologies (“regtech”) and oversight models can improve regulatory outcomes, reduce compliance costs, and mitigate risks. A number of successful models are currently being implemented in the U.S., and examples from abroad can help drive further domestic advancement.

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