On July 11, 2026, the bipartisan 21st Century ROAD to Housing Act (act) automatically became law after President Donald Trump neither vetoed nor signed the law into effect. While the act is primarily aimed at increasing the nation’s housing supply, thereby making home ownership more affordable, it contains a number of provisions of direct consequence to financial institutions: a prohibition on large institutional investor purchases …
White House Issues Executive Orders Targeting Financial System Integrity, Fintech Innovation
On May 19, 2026, President Donald Trump signed an executive order titled, “Restoring Integrity to America’s Financial System.” The order is designed to mitigate risks to the financial system “posed by the extension of credit or financial services to the inadmissible and removable alien population.” The order stops short of requiring firms to verify each customer’s citizenship status – a controversial move that was reportedly …