FinTech Regulations and Supervision in the United States

Felix I. Lessambo ()
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Felix I. Lessambo: Fordham University

Chapter Chapter 3 in Fintech Regulation and Supervision Challenges within the Banking Industry, 2023, pp 43-71 from Palgrave Macmillan

Abstract: Abstract Fintech businesses are not subject to any fintech-specific regulatory framework by any single federal or state regulator. Rather, depending on the activities performed, a fintech company may be subject to a myriad of federal and state licensing or registration requirements and, thereby, also subject to laws and regulations at both the federal and state levels. The Office of the Comptroller of the Currency (OCC), the primary federal bank regulator for national banks, announced in July 2018 that it would begin accepting special purpose national bank charter applications from fintech companies that receive deposits, paychecks, or lend money.

Date: 2023
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DOI: 10.1007/978-3-031-25428-4_3

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