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Letters to the Regulators: AFREF Opposes Effort to Give Crypto, Fintech, and Big Tech Platforms New Bank Charters
AFREF submitted comments opposing the Office of Comptroller of the Currency’s effort to grant novel bank charters to cryptocurrency, financial technology, and Big Tech platforms. Congress never intended for national bank trust charters to be used by any company that wanted one. The creation of new bank charters ignores congressional intent, violates federal banking law, and contravenes a century of regulatory history and judicial precedent.
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Big Banks, Wall Street, Capital Markets and Financial Stability FinTech/Crypto
Big Banks, Wall Street, Capital Markets and Financial Stability FinTech/Crypto
Climate Finance & Insurance
Big Banks & Wall Street Big Banks, Wall Street, Capital Markets and Financial Stability Capital Markets and Financial Stability
Big Banks, Wall Street, Capital Markets and Financial Stability
Big Banks, Wall Street, Capital Markets and Financial Stability