U.S. regulator clears way for online lenders to have national charter
(Reuters) — Online credit companies and paperless lenders would be able to get federal charters to do business nationwide under a plan outlined on Friday by a U.S. banking regulator.
The Office of the Comptroller of the Currency (OCC), the main regulator for federal banks, said it hoped offering a charter for “fintech” companies would spur banking sector innovation.
“Technology-based products and services are the future of banking and the economy,” OCC director Thom
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