No Rubber Stamp: OCC's Rejection of Wise Charter Has Advocates Searching for Clues

Also, Chris Dodd blasts CFTC event contracts proposal

The OCC’s decision last week to deny a charter to the U.K.-based money transfer app Wise is already reverberating across the banking and financial technology industries. Not only was it the first rejection under Comptroller Jonathan Gould, but it also broke with tradition by delivering a public lashing that questioned the “competence” of the firm’s prop…