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8/10/18 - Ex-Comptroller Ludwig Backs Special Fintech Charter

Promontory Chief Executive Officer Gene Ludwig was interviewed by Bloomberg Law on the Office of the Comptroller of the Currency’s decision to authorize a special-purpose banking charter for fintech firms.

“Great step forward, hugely positive,” Ludwig said. “The more we can take the unregulated financial system and put it under the umbrella of the regulated financial system, the better off everybody is from the standpoint of safety and soundness.”

Gene also discussed financial inclusion, highlighting a need for targeted geographic and socio-economic metrics that more accurately depict the economic reality facing many Americans.

Click here to read the full article, or listen to a podcast of the interview.