US State Banking Regulator Sues Government Over Fintech Special Charter

US State Banking Regulator Sues Government Over Fintech Special Charter


The US regulatory body for state banking has filed a lawsuit against the federal government for granting bank charters to fintech companies. The complaint calls into question the leniency of fintech “sandbox” charters. The Office of the Comptroller of the Currency (OCC), an arm of the US Department of the Treasury, has awarded these special charters to many

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Posted by Jack Mathis on October 26, 2018 @ https://www.ccn.com/us-state-banking-regulator-sues-government-over-fintech-special-charter/

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