Despite concerns raised by Democratic senators, the Office of the Comptroller of the Currency is moving ahead with plans to issue charters to qualified fintech companies.
"We will be issuing charters to fintech companies engaged in the business of banking because it is good for consumers, businesses, and the federal banking system," Comptroller Thomas Curry said in a speech Monday at the LendIt USA 2017, a fintech conference in New York.
Curry announced in October that the OCC would be developing guidelines for companies that wanted to receive the new charter. The agency solicited comments, and more than 100 people responded, he said.
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