Crypto Industry Org Urges More OCC Fintech-Bank Guidance
Law360 (August 3, 2020, 10:56 PM EDT) -- The Digital Asset Regulatory and Legal Alliance, a group which includes founders and senior legal counsel in the fintech space, has told the U.S. Office of the Comptroller of the Currency that more concrete guidance is needed on fintech partnerships with national banks, as the agency solicits comments from the industry on existing regulations governing technology in banking.
In a letter responding to an advance notice of proposed rulemaking published by the federal banking regulator, DARLA outlined tenets the agency should consider when crafting guidance for the fintech industry, including that it should offer clarity that "providing banking services to fintech...
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