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Brian Brooks and Charles Calomiris: Fintech Can Come Out of the Shadows


Firms that make loans and process payments should be chartered and regulated as national banks. If it lends like a bank and processes payments like a bank, is it a bank? Maybe not, depending on the outcome of a case pending in the Second U.S. Circuit Court of Appeals. In the lawsuit, New York financial-services superintendent Linda Lacewell

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Posted: September 9, 2020 Wednesday 07:13 PM