US technology startups to get a licence to bank
But consumer advocates, state banking regulators fear it could let startups get around state laws
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New York
REGULATORS are planning to create a new type of banking licence that will allow upstart financial technology companies to expand more quickly across the US.
The plans for the new type of bank licence were announced on Friday by the comptroller of the currency, Thomas Curry, after months of public discussion on the possibility.
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