U.S. Financial Services Regulatory and Charter Models
The U.S. financial system is in a period of structural fragmentation. Traditional banks coexist with fintech platforms, crypto firms, and payment stablecoin issuers under a widening range of federal and state regulatory regimes. This diffusion reflects innovation and competition – but also raises questions about safety, soundness, consumer protection, and systemic resilience. This summary provides an overview of this landscape.