Even though fintechs in the capital markets space will not be covered at present, this could be a first step toward greater oversight for these companies.
Comptroller of the Currency Thomas J. Curry announced his office will take comments from the public before it decides on applications from fintech firms to get charters. Getting a special-purpose charter allows organizations to undertake some banking activities on a limited basis. This means firms can lend money, collect debt and issue debit
Anthony and James talk about how regulators in the US are falling behind other nations' regulators, the lack of talk about Reg AT, and an SRO for cryptocurrencies.Subscribe to Weekly Wrap emails