Fintech Charters: Lenders Face Tough Decisions

Special purpose bank regulation

At the end of July, the U.S. Office of the Comptroller of the Currency (OCC) began accepting special-purpose charter applications from fintech firms. Fintechs – which include online lenders, cryptocurrency exchanges, and payment companies — that opt for the charter would be regulated on a national level, like banks. Today, in addition to overseeing 79 … Read more