Trump's Washington Is Opening Its Doors to Eager Fintechs.

Fintech firms are gaining more influence in Washington under the Trump administration, with increased lobbying efforts and meetings with lawmakers and regulators. Discussions focus on fintech-bank relationships and the fate of the "open banking" rule. While some welcome the shift in tone, concerns about consumer risks and regulatory gaps remain. Republicans are examining traditional lenders and addressing issues like debanking, but there are also concerns about potential negative impacts on startups due to swift policy changes. [Extracted from the article]