WASHINGTON — The Office of the Comptroller of the Currency is moving too far and too fast in its push to offer a fintech charter, overlooking skepticism that it lacks sufficient legal authority, according to a growing coalition of critics.

Critics have already sounded off on the OCC's plan to offer fintech firms a federal chartering option, arguing that oversight is better left to the states. But state regulators and Senate Democrats also question whether the OCC has the authority to create the new charter regime without a clearer congressional mandate.

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