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Category Archives: OCC Fintech Charter

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The OCC Fintech Charter: A New Model for Tech-Enabled Financial Services?

Posted in OCC Fintech Charter
On February 21, DWT Payments team members Andy Lorentz and Tom Scanlon took part in a discussion organized by NYPAY that focused on the prospects of the OCC special purpose fintech charter. The questions discussed included, “Will the concept survive the many challenges it can be expected to attract, including from fellow regulators? What kind of co… Read the rest

Developments on the OCC’s Initiative for Fintech Companies

Posted in OCC Fintech Charter
Since Comptroller of the Currency Thomas J. Curry announced last December that the OCC will move forward to consider granting special purpose national bank charters to financial technology companies—under the OCC’s existing authorities—the banking industry has grappled with the various dimensions of the agency’s “responsible innovati… Read the rest

OCC to Consider Special Charter Applications for Fintech Companies

Posted in OCC Fintech Charter
On December 2, 2016, Comptroller of the Currency Thomas J. Curry announced that the OCC will move forward with considering granting federal charters—under the OCC’s existing authorities—to financial technology companies.  Comptroller Curry’s action is the latest, clearly most substantial, step forward in administering the “respon… Read the rest

OCC Hosts Innovation Forum

Posted in OCC Fintech Charter
On June 23, the Office of the Comptroller of the Currency hosted an all-day forum on supporting responsible innovation in the federal banking system. The forum builds on the OCC’s white paper on responsible innovation, which the agency released in the spring. Our analysis of the white paper is available here. The OCC’s forum included speakers from acr… Read the rest

OCC Issues Paper on “Responsible Innovation”—Including Its Own Responsibilities

Posted in OCC Fintech Charter
On March 31, the Office of the Comptroller of the Currency articulated its “vision” for responsible innovation in the federal banking system in the form of a white paper, continuing the agency’s own multi-year initiative to stay abreast of developments in the financial services industry.  The OCC’s stated goal is to build the regulatory framew… Read the rest