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AI Summary: This regulation establishes a policy for integrating financial technology (fintech) innovation into existing regulatory frameworks to foster economic opportunity and enhance access to financial products and services. It defines "fintech firm" as a non-bank company using technology to offer or support financial products or services, which can include a wide range of activities like payment processing, lending, and digital asset services. The regulation directs federal financial regulators to review their existing rules, guidance, and supervisory practices within 90 days to identify and update those that unduly impede fintech firms from partnering with regulated institutions or that could streamline application processes for fintech firms seeking licenses or authorizations, while balancing innovation with safety, soundness, and consumer protection. Additionally, it requests the Board of Governors of the Federal Reserve System to evaluate and report on the framework governing access to Federal Reserve payment accounts and services for uninsured depository institutions and non-bank financial companies, including those involved with digital assets, and to establish transparent application procedures if existing law permits expanded access.