US HB6552

Requires the Federal Reserve, Comptroller of the Currency, and FDIC to jointly study partnerships between banks and fintech companies, examining impacts on competition, innovation, consumer protection, and new bank formation

Requires the National Credit Union Administration to conduct a parallel study on partnerships between credit unions and fintech companies

Studies must assess whether these partnerships reduce time to market, lower compliance burdens, boost customer acquisition, improve technology capabilities, and provide access to diverse funding sources

Requires both studies to identify potential changes to federal laws, rules, or guidance that could promote more effective bank-fintech and credit union-fintech partnerships

Reports to Congress are due within 1 year of enactment