0:21
Eileen O'Mara
161:01 - 161:22
"The current regulation provides for companies that you're a bank or you're not a bank. What we're asking for is a payment charter that supports companies like Stripe to serve American businesses that are building on us and serving their communities. The skinny charter does not solve for this because it does not give us direct access to ACH."
“The current regulation provides for companies that you're a bank or you're not a bank. What we're asking for is a payment charter that supports companies like Stripe to serve American businesses that are building on us and serving their communities. The skinny charter does not solve for this because it does not give us direct access to ACH.”
- Speaker
- Eileen O'Mara
- Timestamp
- 161:01 – 161:22
- Community
- Alaska News
- Captured at
- June 24, 2026
From the transcript
We should all encourage that. But the current setup and the regulation doesn't provide for companies like Stripe. The current regulation provides for companies that you're a bank or you're not a bank. What we're asking for is a payment charter that supports companies like Stripe to serve American businesses that are building on us and serving their communities. The skinny charter does not solve for this because it does not give us direct access to ACH.