The OCC intends to design standards that will allow fintech companies to be chartered as special-purpose national banks, Comptroller of the Currency Thomas Curry, said Friday.
Speaking at Georgetown University Law Center, Curry said that chartered companies would be required to meet the same standards as national banks must meet.
The OCC is soliciting comment on exactly what the standards should entail and set a deadline of Jan. 15 for submissions. The OCC also released a white paper detailing why the agency believes the standards are necessary.
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