Penny Lee, CEO of the Financial Technology Association, on the changes in Washington

To say it has been a busy year for fintech policy folks would be a gross understatement. With the change in administration to Trump 2.0, we have a 180-degree different perspective on most fintech issues than the previous administration. And there have already been many actions taken by the Trump White House that will have far-reaching implications for fintech.

To help us unpack all these issues, I invited back to the show, Penny Lee, the CEO of the Financial Technology Association (FTA) and one of the leading voices in Washington for our industry. In addition to navigating all the complex regulatory changes, the FTA is also putting on their annual CEO Summit this month and, as of this writing, tickets are still available.

In this podcast you will learn:

• The state of play in Washington today and its implications for fintech.
• Why rescinding the 1033 rule would be such a big deal.
• How they will be fighting this in court.
• Why this will be in the court system for a while, whoever wins the initial decision.
• Where the FTA stands on payments modernization.
• Penny’s thoughts on the remittance tax provision of the Big Beautiful Bill.
• The BNPL bill that was passed in New York and its impact on the industry.
• What the FTA is doing with Earned Wage Access initiatives in the states.
• The state of play for AI regulation in the states as well as the federal level.
• The prospect for a federal AI bill this year.
• Details of the annual FTA CEO Summit in Washington happening on June 25.
• Who is going to be on stage from industry and government.
• What else FTA members are doing while they are in DC.

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