Trump Action Archive

Supporting reports

• Trump issues Executive Order 14405 directing federal financial regulators to streamline fintech oversight and expand Federal Reserve payment system access. — President Trump signed Executive Order 14405 on May 19, 2026, directing federal financial regulators to review and update regulations, guidance, and supervisory practices within 90 days to reduce barriers to fintech firms entering partnerships with federally regulated institutions and seeking federal charters and licenses. The order also requests the Federal Reserve Board to evaluate and expand direct access to Reserve Bank payment accounts and services for uninsured depository institutions and non-bank financial companies engaged in digital assets and novel financial activities, with a report due within 120 days and transparent application procedures to be established within 90 days of application.
• Trump issued executive order streamlining fintech regulatory processes and expanding Federal Reserve access — President Trump signed an executive order on May 19, 2026, directing federal financial regulators to review and streamline regulations, guidance, and supervisory practices to reduce barriers to fintech firms entering partnerships with federally regulated institutions and obtaining federal licenses. The order requests the Federal Reserve Board to evaluate and expand direct access to Reserve Bank payment accounts and services for non-bank financial companies and digital asset firms, with a 120-day report deadline and 90-day application processing timelines where legally permissible.
• White House issues fact sheet promoting executive order on fintech regulatory integration — The White House published a fact sheet on May 19, 2026, describing an executive order signed by President Trump directing federal financial regulators to review and streamline regulations to promote financial technology innovation and competition. The order directs the Federal Reserve to evaluate frameworks governing access to Reserve Bank payment accounts by uninsured depositories and non-bank fintech firms, and to report on legal authorities, expansion options, and impediments to such access. The fact sheet frames the order as removing "outdated regulatory burdens" and "regulatory protections for incumbents."
• White House signed Executive Order 14405 directing federal financial regulators to streamline fintech oversight and reduce regulatory barriers. — The White House issued Executive Order 14405 on May 19, 2026, directing federal financial regulators (CFPB, SEC, NCUA, CFTC, FDIC, OCC) to review and update regulations, guidance, and supervisory practices within 90 days to reduce barriers to fintech firms entering partnerships with federally regulated institutions and seeking federal charters and licenses. The order also requests the Federal Reserve Board to evaluate and expand direct access to Reserve Bank payment accounts and services for non-bank financial companies and digital asset firms within 120 days, and to establish transparent application procedures with 90-day decision timelines where legally permissible.