Acting Comptroller of the Currency Making Waves with Fintech, Banking Policy - FinTech Brief

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Estimated reading time: 0 minutes, 26 seconds

Thursday, Jun 18 2020

Written by FinTech Brief Staff

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Newly minted Acting Comptroller of the Currency Brian Brooks is pushing for new charters specifically catering to payment companies and other fintechs as well as new rules governing fintech-bank relationships. So reports Bloomberg Law.

blockchain 3019120 640small During a recent webinar, Brooks said the new charters are not meant to give nonbanks “access to some preemptive power,” but rather to reflect changes in how Americans now use financial services. Consumer advocate groups have expressed a spectrum of thoughts and concerns regarding Brooks’ plans.

Read the full article at Bloomberg Law.

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