On June 24, 2026, Davis Polk partner and Financial Institutions practice co-head David Portilla will testify before the House Financial Services Committee at a hearing on “Future of payments: Promoting innovation and fair markets.” The hearing will examine the evolution of our payments system and the role of bank and nonbank charters; provide members with an opportunity to review the regulatory, compliance and supervisory requirements applicable to different charter types; and explore how charter frameworks can promote safety and soundness, enhance competition, foster innovation and reduce the costs associated with payments and regulatory compliance.

The hearing will be held at 10:00 am ET on Wednesday, June 24, 2026, in Washington DC.

For more information, and to view a livestream of the hearing, visit the Financial Services Committee website.

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