STRIPE FACES BANK CHARTER PUSHBACK
https://s.yimg.com/ny/api/res/1.2/LXiS_tw6EMOrLnQVresPAA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/payments_dive_978/dca01155aa137f3c2f21d8fbc1b4661e
βοΈ A national trust banking charter would allow Stripe to offer banking services while avoiding regulations, according to an advocacy organization.
π Stripe's proposed national trust bank charter would allow it to offer banking services while avoiding certain regulations π The NCRC opposes the charter, citing concerns about Stripe's disregard for laws and regulations π The charter would give Stripe legitimacy and allow it to facilitate payments without Federal Reserve supervision π Stripe has a history of legal trouble, including lawsuits and legal action taken against the company
-- #PatrickCollison #JohnCollison #ZachAbrams #SebastianAstrada #NewYorkCity #technology
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