FinTech Could Be Hurt By Fight Between OCC And States
PYMNTS
APRIL 25, 2017
TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits.
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