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Tag Archives: Otting

OCC Accepting Charter Applications from Fintech Companies

Posted in OCC Fintech Charter
Earlier this summer the Office of the Comptroller of the Currency issued the anticipated announcement that fintech companies engaged in the business of banking may apply for special purpose national bank charters. In conjunction with its announcement, the Comptroller of the Currency, Joseph Otting, adopted a Policy Statement describing how the agenc… Read the rest

Update on the OCC’s Initiative for the Special Purpose National Bank Charter

Posted in OCC Fintech Charter
Nineteen months have passed since the Office of the Comptroller of the Currency launched its initiative for fintech companies, specifically asserting the OCC’s authority under the National Bank Act to grant a “special purpose national bank charter.”  In his testimony before Congress last month, the Comptroller of the Currency, Joseph Ottin… Read the rest