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The U.S. Treasury Department on Tuesday disclosed its support for a broad array of initiatives involving technology-centric financial services firms, or fintechs, but stopped short of outlining how it planned to implement them. In a 222-page report, the department endorsed the Office of the Comptroller of the Currency’s special-purpose banking charter for fintechs as well as a “sandbox” that would allow the firms to trial their services on clients without incurring an enforcement action. The department also advocated for legislation to eliminate any variances in state rules governing the firms. Supporters of a special purpose charter claim the plan would...