Fintech Firms Get Chance to Apply for Banking License
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Re: Fintech Firms Get Chance to Apply for Banking License
#2Interesting opportunity for a bunch of them.
Re: Fintech Firms Get Chance to Apply for Banking License
#3So they might actually have a level playing field now?
Re: Fintech Firms Get Chance to Apply for Banking License
#4So they might actually have a level playing field now?
Not exactly. The proposed charters are limited compared to traditional bank charters, but it's a start.
Re: Fintech Firms Get Chance to Apply for Banking License
#5Have a non-paywall source or copypasta?
Re: Fintech Firms Get Chance to Apply for Banking License
#6Have a non-paywall source or copypasta?
No, but you could look at the Gov site
"OCC Issues Draft Licensing Manual Supplement for Evaluating Charter Applications From Financial Technology Companies, Will Accept Comments Through April 14"
https://www.occ.treas.gov/news-issuances/news-releases/2017/...
Re: Fintech Firms Get Chance to Apply for Banking License
#7Have a non-paywall source or copypasta?
Re: Fintech Firms Get Chance to Apply for Banking License
#8This is still early in the process. It will take some time before we know what the final regulation is. The comment period is between now and January of next year.
Re: Fintech Firms Get Chance to Apply for Banking License
#9Re: Fintech Firms Get Chance to Apply for Banking License
#10Does this mean that fintech firms get taxpayer bailouts?