OCC’s FinTech Charter’s Uncharted Legal Seas
PYMNTS
OCTOBER 24, 2019
Lights out for the FinTech charter idea? The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would have given FinTechs a leg up on competing with traditional financial services companies. Can’t get the charter without FDIC coverage. As reported , the U.S.
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