Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

As online lending companies gain popularity, the Trump administration is making it easier for them to bypass state regulations


August 1, 2018

Federal officials said Tuesday they would make it easier for financial technology firms to operate nationwide following a Trump administration report calling for sweeping regulatory changes to advance new fintech companies and services.

Just hours after the Treasury Department unveiled its long-awaited findings, the Office of the Comptroller of the Currency announced it was moving ahead with a plan to begin offering national banking charters to innovative companies offering loans or online payments.


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