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POST It's not for me to tell the OCC what to do

 

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"Lawmakers should authorise the creation of a ‘fintech’ charter allowing new entrants to do some things that only banks can do now. We need to break the banks’ monopoly. The Office of Comptroller of Currency has been considering such a charter, but its legal basis is shaky, and lobbying has stalled the effort."

From "Fintech in the US is stymied by old-fashioned regulators | Financial Times".

 

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“An OCC fintech charter is a regulatory train wreck in the making,” declared the Conference of State Bank Supervisors.

From Controversial New Bank Charter Sparks Fears of a 'Fintech Apocalypse'.

 

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