January 17, 2017 – Today Financial Innovation Now responded to Comptroller Curry’s request for feedback regarding the Office of the Comptroller of the Currency’s (OCC) proposal to create a federal fintech charter.
The following statement is attributed to Brian Peters, Executive Director of Financial Innovation Now:
“FIN believes that payments and lending regulation needs streamlining for the modern era. We commend the OCC’s leadership and vision in driving this regulatory discussion. The OCC has rightly concluded that its approach must evolve to ensure that all American consumers and small businesses are empowered with better access to the benefits of financial technology.”
In its response, FIN argues that that an optional federal fintech charter, if viable, can promote innovation and enable greater financial inclusion. FIN’s comment submission can be accessed at: http://financialinnovationnow.org/wp-content/uploads/2017/01/fin-occ-charter-comment-letter-1-17-17.pdf