FinTech Could Be Hurt By Fight Between OCC And States
PYMNTS
APRIL 25, 2017
The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices. Among the states that have issue with it are New York, Florida, Ohio and California. In essence with the charter, the government could weed out the good FinTechs from the bad ones.
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