Federal Reserve wants a say on U.S. fintech rules: Brainard

The Office of the Comptroller of the Currency (OCC), a leading regulator for national banks, has said it is open to a new type of banking charter for technology companies.

"The OCC's proposal raises interpretive and policy issues for the Federal Reserve regarding whether charter recipients would become Federal Reserve members or have access to Federal Reserve accounts and services," Brainard told a conference at Northwestern University in Evanston, Illinois.