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Otting expects fintechs to apply for banking charters soon

Thursday, November 8, 2018   (0 Comments)
Posted by: Amanda Averch
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Financial-technology companies will likely begin applying for bank charters within a couple of months and have not been deterred by a lawsuit filed by state banking regulators, Comptroller of the Currency Joseph Otting says. His office earlier this year announced plans to consider fintech applications for charters, but state regulators say the move could harm consumers.

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