May 2017 - LEND360

As you may already be aware, the Honorable Tom Curry left his post as head of the OCC earlier this month. Curry’s departure brings with it questions as to how the move will impact important fintech community priorities, like the national charter.

Technology allows people who need to access credit to do business with lenders nationwide. This offers consumers more choice, and increased competition and innovation lead to better priced and higher quality options. Unfortunately, an outdated regulatory system risks stifling much of the potential benefit.