Study on credit union-fintech partnerships

(a) Study The National Credit Union Administration shall carry out a study of— (1) the impact of partnerships between credit unions and financial technology companies on the credit union sector, competition, innovation, consumer protection, and the availability of financial products and services, including the extent to which the partnerships support the formation of new credit unions, reduce time to market for products and services, lower compliance burdens, boost customer acquisition, improve technological capabilities, and provide access to more diverse funding sources; and (2) what changes to Federal laws governing credit unions, or to rules or guidance adopted by the National Credit Union Administration, may help promote effective partnerships between credit unions and financial technology companies. (b) Report Not later than 1 year after the date of enactment of this Act, the National Credit Union Administration shall submit to Congress a report to Congress containing all findings and determinations made in carrying out the study required under subsection (a).