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OCC Fintech Charter Sparks Opposition from Senate Dems

OCC Fintech Charter Sparks Opposition from Senate Dems

In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter.

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