OCC sets stage for FinTech firms to charter as national banks

By Joe Mont2016-12-05T12:45:00

The Office of the Comptroller of the Currency will consider applications from financial technology (FinTech) companies to become special purpose national banks. Charters would come with heightened risk management and liquidity requirements.

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Government clears way for FinTech firms to compete with banks

2018-08-01T12:00:00Z By Jaclyn Jaeger

In separate developments announced July 31, the U.S. Department of Treasury and the Office of the Comptroller of the Currency paved the way for FinTech firms and other non-banks to more easily compete with traditional banks. Once again, opponents are threatening legal action.
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Adapting the regulatory landscape for FinTech remains a challenge

2018-02-06T09:30:00Z By Joe Mont

As FinTech services proliferate, state and federal regulators are considering how to create a simpler set of rules, but progress has been slow.
Article
The future of FinTech may involve unified regulation

2017-09-19T10:00:00Z By Joe Mont

Many FinTech firms concede that regulation may provide a needed imprint of safety and security. A new plan calls for a singular regulatory point of contact.

“For tracking litigation, enforcement, and regulatory developments, Compliance Weekshould be your prime source.”

OCC sets stage for FinTech firms to charter as national banks

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Government clears way for FinTech firms to compete with banks

Adapting the regulatory landscape for FinTech remains a challenge

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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”