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Office of the Comptroller Set to Grant Bank Charters to FinTech Companies 

The integration between traditional finance and technology appears to be getting even stronger, as FinTech firms could receive banking charters moving forward. According to Politico Brian Brooks, the Acting Comptroller of the Currency, will spearhead an initiative that will allow digital payment firms to get banking charters. Easier Access for Expansion The report explained that the charter would apply to FinTech firms that facilitate payments but don’t take deposits. The charter will provide a set of rules that allow them to operate across state lines, while also enabling them to expand their offerings across states without applying for licenses in each…

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