Warren, Senators Fight Back Against Fintech Firms Freezing Customer Funds
September 12, 2024
September 12, 2024
WASHINGTON, Sept. 12 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:
Senators Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md.) wrote to the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve System (Fed), and the Office of the Comptroller of the Currency (OCC) raising concerns about partnerships between traditional banks, Banking as a Service (BaaS) providers such as Stripe, Finastra, Synapse, and Marqueta, and financial technology . . .
Senators Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md.) wrote to the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve System (Fed), and the Office of the Comptroller of the Currency (OCC) raising concerns about partnerships between traditional banks, Banking as a Service (BaaS) providers such as Stripe, Finastra, Synapse, and Marqueta, and financial technology . . .