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Joseph Otting, comptroller of the Office of the Comptroller of the Currency, testifying June 2018. Credit: Diego M. Radzinschi / ALM

A top regulator predicted Wednesday that financial technology firms would begin to apply as early as the next month or two for specialty national banking licenses, saying the industry has largely been undeterred by a pending legal challenge to the federal government’s plan to provide a pathway for online lenders and payment companies to more directly compete with traditional banks.

C. Ryan Barber

C. Ryan Barber, based in Washington, covers government affairs and regulatory compliance. Contact him at cbarber@alm.com. On Twitter: @cryanbarber

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