Fintechs that get bank charters should be subject to CRA. Period.
Several financial tech companies that applied to become national banks are seeking exemptions from many provisions of the Community Reinvestment Act. A consumer advocacy group and the American Bankers Association say the OCC mustn't allow this.
New York United States Community Reinvestment Deposit Insurance Corp Us District Court Office Of The Comptroller
Source: americanbanker.com