Comment on The charter war

The charter war

The grandly named Office of the Comptroller of the Currency is one of the oldest agencies in Washington, set up during the Civil War to help build a national banking system and strengthen the dollar. Predating even the Federal Reserve by 50 years, it has long served an important if relatively obscure role overseeing American finance.But in 2016, this venerable agency has suddenly become the center of the first big battle between traditional banks and a new industry that even its most visionary founders would have had trouble imagining.

 

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