CUNA, NAFCU Warn Fintech Bank National Charter Would Violate Law

Credit union and banking trade groups are warning that the plan of the Office of the Comptroller of the Currency to issue a national bank charter to Figure Technologies will violate federal law. National banks are required to be insured by a prudential regulator, and Figure Technologies says it does not plan to do that.

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CUNA, NAFCU Warn Fintech Bank National Charter Would Violate Law

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