Thomas Curry spent most of his speech at LendIt USA refuting arguments against the Office of the Comptroller of the Currency’s (OCC) fintech charter and the agency’s authority for establishing the charter however controversial factors affecting the charter’s implementation were the primary topic for discussion on a LendIt USA panel; while panelists generally agreed that more regulatory clarity is needed for financial innovation overall, panelists were divided on the need for a fintech charter to regulate fintech firms; panelists reported that fintech chartering could potentially promote partnerships with banks through more standardized regulation however it seems the fintech charter is far from ready to match the broad ranging fintech variants for which it’s trying to target. Source
