The U.S. payments system has proven to be vibrant, adaptable, and innovative. And yet, it has also revealed areas in need of urgent improvement. Lower-income households and communities of color continue to struggle to access the full suite of benefits available within a rapidly digitizing...

This Article shows that fintech exacerbates the difficulties of standard setting in international financial regulation. Earlier work introduced the “Innovation Trilemma” (the Trilemma). When seeking to balance the goals of achieving market integrity and innovation through clear and simple...