Partnering for Innovation: How Bank-Fintech Collaborations Enhance Financial... (EventID=119307)

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Connect with the House Financial Services Committee » Get the latest news: https://democrats-financialservices.house.gov/ » Follow us on Facebook: https://www.facebook.com/USHouseFSC » Follow us on Twitter: https://x.com/USHouseFSC » Follow us on Instagram: https://www.instagram.com/ushousefsc/ » Follow us on Bluesky: https://bsky.app/profile/ushousefsc.bsky.social ___________________________________ » Subscribe: https://www.youtube.com/@USHouseFSC?sub_confirmation=1 ___________________________________ Wednesday, May 20, 2026, at 10:00 a.m. (ET) Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Chair Congressman Steil and Ranking Member Congressman Lynch will hold a joint hearing entitled, “Partnering for Innovation: How Bank-Fintech Collaborations Enhance Financial Infrastructure." ___________________________________ Witnesses for this one-panel hearing will be: ● Ms. Alexandra Steinberg Barrage, Partner, Morrison Foerster ● Ms. Henrietta Thomas, Executive General Manager for Advocacy, Risk & Compliance, Xero ● Ms. Sheetal Parikh, General Counsel & Chief Compliance Officer, Treasury Prime ● Ms. Erica Khalili, Co-founder, Chief Legal & Risk Officer, Lead Bank ● Mrs. Mitria Spotser, Vice President, Federal Policy, and President, Julian Bond Institute for Financial Equity Research, Center for Responsible Lending ___________________________________ This hearing will examine how Bank-FinTech partnerships operate in practice. The hearing will evaluate consumer and market benefits related to these partnerships as well as associated risks and compliance responsibilities. Lastly, the hearing will explore the regulatory and supervisory landscape and potential policy approaches to promote innovation and consumer protection. Legislation Noticed 1. H.R. 6552, the Bank-Fintech Partnership Enhancement Act (Barr): This bill requires the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to study the impact of Bank-FinTech partnerships on the participants’ sectors, as well as on competition, innovation, and consumer protection. In addition, the regulators must study what changes to federal banking laws and rules may help to promote effective partnerships. The bill requires the National Credit Union Administration to carry out a similar study. ___________________________________ Hearing page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=415312