Davis Polk partner and Financial Institutions practice co-head David Portilla and associate Jon Rosen authored “Payments deserve regulatory endorsement” in Open Banker. In the article, they discuss the absence of payments from the current federal chartering framework and argue that “legal framework could be advanced to meet the market through the creation of a federal payments charter and clarified standards around payment system access.” 

Throughout the piece, David and Jon analyze the current state payments regulation, review the stablecoin regulation efforts to-date and propose a path forward.

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