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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , fintech , US regulators , innovation , banking

   

Next In News

KKB polls: PKR to work with all component parties to ensure victory, says Fahmi
KL cops nab man for molesting girlfriend's disabled sister
KKB polls: Incumbent party to run in by-elections, no seat swapping, says Tok Mat
Hanif Omar to be laid to rest at Bukit Kiara Cemetery
Multicultural celebrations are important for unity, says HR Minister
X vows to 'robustly challenge' Australia order to remove stabbing posts
Cops nab man for allegedly raping underage girl during 'job interview'
Fighting flares at Myanmar-Thai border as rebels target stranded junta troops
Open houses vital for national harmony, says Dr Wee
Nearly 40% of councillors under 40, says Johor exco member

Others Also Read