Name: Eileen O'Mara: 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.
Uploaded: 2026-06-24T14:00:00+00:00
Duration: 21 s
Description: 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.

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
Source: House Financial Services: Future of Payments
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.

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