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Tag Archives: Fintechs

Credit Unions Support OCC’s FinTech Proposal, Sort Of

The National Association of Federally-Insured Credit Unions is behind the Office of the Comptroller of the Currency's recently proposed initiative to allow FinTechs to operate as banks, but it also believes these companies should be held to the same standards and regulations as other financial institutions.

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OCC: Fintechs Will Not Replace Banks

According to Comptroller of the Currency Thomas Curry, "Innovation has been a hallmark of the U.S. banking system since it was created in 1863 at the behest of President Lincoln."

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