8:00 - 9:00: Breakfast and Registration

9:00 - 9:05: Opening Remarks

• John Pitts and Ashwin Vasan, co-founders of Open Banker

9:05 - 9:30: Keynote - Congressman Sam Liccardo (D-CA)

• Congressman Sam Liccardo is a co-lead of the PACE Act, which would create a federal framework for nonbanks to access Fed payment rails. It is one of the most consequential pieces of payments legislation introduced this Congress, and the Salon will be where he discusses it along with other topics affecting financial services policy. Moderated by Rain’s Erik Rettig.

9:30 - 10:25: Panel - The New Sheriff: Bank Supervision Policy in the Trump Era

• Bank supervision has been one of the most consequential — and most contested — parts of post-crisis financial policy. To some, the modern supervisory apparatus is what kept the system stable; to others, it became a process-first machine that crowded out substance and missed real risks, like the 2022 rate shock. The Trump administration's new regulators are moving quickly to reshape the playbook, and the debate is no longer theoretical: what's gained, what's lost, and does DC still have the institutional capacity to supervise banks at the scale the economy demands? Raj Date, Meg Tahyar, Grovetta Gardineer, Amias Gerety and Jennifer Burns will debate whether the new regime is a long-overdue correction or a swing too far in the other direction.

  Moderator: Raj Date, Managing Partner - Fenway Summer

  Speakers:
  Meg Tahyar, Partner & Co-Head of Financial Institutions Group - Davis Polk & Wardwell LLP
  Grovetta Gardineer, Former Senior Deputy Comptroller - OCC
  Amias Gerety, Partner - QED Investors
  Jennifer Burns, Managing Director - Deloitte

10:25 - 10:55: Keynote - Kaitlin Asrow, NY Department of Financial Services

• The Acting Superintendent of NYDFS will join us for a wide-ranging conversation on how state regulators are stepping up as the CFPB pulls back and federal rulemaking remains in flux. We'll cover her agenda for the year ahead, the forces driving charter flipping, NYDFS's leadership on stablecoins, BNPL, and third-party service providers, what she's watching in private credit and generative AI and more. Moderated by Capital Account’s Ryan Tracy.

10:55 - 11:20: Coffee Break sponsored by the Financial Technology Association

11:20 - 12:15: Panel - Yield: Stop or Go

• The GENIUS Act created a regulatory framework that establishes stablecoins in the US as a form of money. The harder question is what it takes for stablecoins to actually work as a payment vehicle: whether third parties should pay rewards to consumers who hold stablecoins, and whether those incentives or other regulatory interventions are what's needed to overcome network switching costs and drive real adoption. Dan Gorfine, Dan Awrey, Tom Brown, Alexei Alexandrov, Jai Massari and Andrew Nigrinis debate what needs to happen for stablecoins to become a working payment system, and what consequences that may have for traditional banking and maturity transformation. 

  Moderator: Daniel Gorfine, Founder & CEO - Gattica Horizons

  Speakers:
  Dan Awrey, Beth and Marc Goldberg Professor of Law - Cornell Law School
  Tom Brown, Senior Counsel - Paul Hastings
  Alexei Alexandrov, Advisor - Urban Institute
  Jai Massari, Of Counsel - Arktouros
  Andrew Nigrinis, Economist - Legal Economics LLC

12:15 - 12:40: Keynote - Congressman Warren Davidson (R-OH)

• Congressman Warren Davidson joins us to discuss his proposed American Lending Fairness Act, legislation that will ensure a strong and clear national lending framework and rate parity between community and nationally chartered banks. Moderated by FS Vector’s Peter Freeman.

12:40 - 1:35: Lunch sponsored by Affirm

1:35 - 2:30: Panel - A Charter by Any Other Name

• Since 1980, DIDMCA has let state-chartered banks export their home-state interest rates nationwide — unless individual states opted out. Colorado did, the Tenth Circuit sided with Colorado in a 2-1 ruling that may reshape fintech lending from coast to coast, and a long-dormant federalism question is suddenly live: where is a loan actually "made" — where the bank sits, or where the borrower lives? Kiah Haslett, John Pitts, Winston Berkman-Breen, David Gossett, and Todd Phillips debate whether Colorado's win is states reclaiming consumer protection, or the unraveling of a framework that has quietly underwritten American credit for forty years.

  Moderator: Kiah Haslett, Creator - Fintech Takes Banking

  Speakers:
  John Pitts, VP for Government Relations, Public Policy and Social Impact - Affirm
  Winston Berkman-Breen, Legal Director - Protect Borrowers
  David Gossett, Partner - Davis Wright Tremaine
  Todd Phillips - Director of the Klaros Group

2:30 - 2:55: Keynote - Congressman Bill Foster (D-IL)

• Congressman Foster is the Ranking Member of the House Financial Services Subcommittee on Financial Institutions, and the only PhD physicist in Congress. He will speak about his view on current bank regulation policy, as well as how it might evolve in the next Congress and beyond. Moderated by FS Vector’s Megan Hannigan.

2:55 - 3:50: Panel - Who Writes the Rules Now?

• The US financial regulatory state is under strain from every direction at once: agencies operating under post-Loper Bright constraints and diminished capacity, a Congress that struggles to legislate, charters built for a different financial system, and innovation moving faster than any rulemaking cycle. Some argue the fix is rebuilding agency capacity and creating fit-for-purpose charters — especially for payments — while others argue top-down regulation is effectively over and industry will need to lead on responsible innovation. Paige Smith of Bloomberg moderates Sima Gandhi, David Silberman, Kelvin Chen, and Jonah Crane as they debate what the regulatory state can still do, what it can't, and where that leaves everyone.

  Moderator: Paige Smith, Consumer Finance Reporter - Bloomberg

  Speakers:
  Sima Gandhi, Senior Advisor - FS Vector and Co-Founder - Coalition for Financial Ecosystem Standards
  David Silberman, Senior Advisor - Financial Health Network
  Kelvin Chen, Head of Policy - Consumer Bankers Association
  Jonah Crane, Head of Global Regulatory and Policy Development - Stripe

3:50 - 4:00: Closing Remarks

• John Pitts and Ashwin Vasan, co-founders of Open Banker

4:00 - 5:00: Networking Happy Hour