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Fintechs can obtain national charter

Financial-technology companies will be able to obtain a “special purpose charter” from the Office of the Comptroller of the Currency that allows them to operate nationally instead of meeting state-by-state rules. The charter also would require fintechs to work in underserved communities and comply with consumer-protection rules, officials said.

Reuters (12/2),  The Wall Street Journal (tiered subscription model) (12/2)

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