OCC to Announce Decision on Fintech Charter Friday

WASHINGTON — After months of public deliberation, Comptroller of the Currency Thomas Curry is set to disclose this week his decision on whether or not to create a special charter for fintech companies.

Curry will give a speech on the fintech charter Friday morning at Georgetown Law's Institute of International Economic Law.

The idea of a fintech charter was first floated when the OCC was preparing its white paper on so-called responsible innovation, published in March. This was followed by an announcement in October that the agency would create an Office of Innovation responsible for coordinating outreach and research on the topic.

The OCC had said that it would make public its decision on the fintech charter by the end of the year.

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