Intelligence

An obscure regulatory debate has put the entire U.S. fintech community on edge

The future of American fintech may hang in the balance of a pitched battle that has grown in intensity over the past four months. An obscure request for comments on regulatory standards, released by the Office of the Comptroller of the Currency (OCC) last March, has since evolved into a complex turf war between the states and Washington DC.

Caught in the middle is the entire online finance industry, raising the question of just what a ‘fintech’ business really is.

Source: Techcrunch

More: https://techcrunch.com/2017/04/24/an-obscure-regulatory-debate-has-put-the-entire-u-s-fintech-community-on-edge/