State Regulators Mount Counter-Offensive Seeking to Stop OCC’s Fintech Charter – Lexology

This OCC vs. the State Regulators fight is going to get worse. Here is a clear cut example of where (I believe) that OCC is trying to do some good, but the State Regulators are just plain being unfair about the whole OCC charter.

I worry that some state will issue a law, which would bar the federally charted institution from working in their state. Be interesting to watch this space.

In an attempt to prevent the Office of the Comptroller of the Currency (“OCC”) from seizing traditional turf from state regulators, the Conference of…

Source: State Regulators Mount Counter-Offensive Seeking to Stop OCC’s Fintech Charter – Lexology

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