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Charles Calomiris on FinTech

Policy@McCombs

CHAPTER

What's the Difference Between a Charter Bank and a National Bank?

Vintex banks tend to do either payment stuff or lending, not both. The charter might encourage them to branch out a little. There is some selective bundling. But roughly speaking, they're very different business models from traditional banks. They're doing it with very little balance sheets. So the regulator have to learn a new business modl soi's more about roll over rings.

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