Acting Comptroller Defends Fintech Charter

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Acting Comptroller Defends Fintech Charter
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Acting Comptroller Defends Fintech Charter
Last week, Acting Comptroller of the Currency Keith Noreika told the audience during an address in Washington, D.C., that he thought regulating nonbanks through a federal fintech charter was “a good idea.”

Noreika, a Trump administration appointee, defended the OCC’s right to establish the charter championed by his predecessor, Obama appointee Thomas Curry, despite states’ claims to the contrary.

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