Tag Archives: Fintechs

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.

Fintech mortgage marketplace LendingHome has announced the appointment of expert risk leader Cynthia Chen as Chief Risk Officer.

The OCC wants banks and financial technology firms to work together on responsible innovation for the financial industry as opposed to just plain innovation.

For a couple of months, the financial industry has been talking about the possibility of a national bank charter for non-bank financial technology companies, or fintechs. What would this mean for the industry?

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."