OCC’s Hsu Supports Chartering Regime for Nonbanks
Acting Comptroller of the Currency Michael J. Hsu said he supports “federal payments regulation and a chartering regime for nonbanks.” In a written statement on the state of the federal banking system prepared for his Wednesday (Nov. 20) testimony before the House Financial Services Committee, Hsu said that if FinTechs remain licensed and regulated only […]
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