Bank Regulator to Approve System for Online Lenders

Source: Gigalaw

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Online credit companies and paperless lenders would be able to get federal charters to do their business nationwide under a plan outlined by a U.S. banking regulator. The Office of the Comptroller of the Currency, the main regulator for federal banks, said it hoped offering a charter for “fintech” companies would spur innovation in the banking sector.

The post Bank Regulator to Approve System for Online Lenders appeared first on GigaLaw.

Source: Gigalaw

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