States’ Response to OCC Fintech Charter ‘Disappointing,’ Top Treasury Official Says

American Banker, Oct. 10, 2018–Neil Haggerty (subscription)
“I’m really disappointed in kind of the reactions of the states to our report,” said Craig Phillips, counselor to Treasury Secretary Steven Mnuchin, at a conference in Washington Wednesday. “In no way are we trying to undermine the role of state regulation and definitely there is a collaboration between states and the federal.”