US fintechs invited into special bank charter


A move forward: Fintechs have been growing in numbers and regulators are trying to keep a check on safety without stifling innovation.

The move can help promote a stronger financial system, says OCC.

FINANCIAL-technology firms in the US will be permitted to apply for special bank charters under a regulatory policy change that Republican lawmakers have already warned against.

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Business , fintech , US regulators , innovation , banking

   

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