Podcast

Update on OCC Fintech Charter Initiative

by the Consumer Financial Services Group
December 13, 2018
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The OCC’s decision to issue special purpose national bank (Fintech) charters has sparked a wave of litigation. In this episode, we review the potential benefits and drawbacks of Fintech charters, provide a litigation update, examine the possible impact on charter applicants, and flag issues for prospective applicants. We also look at Fintech charter alternatives, including full-service and Utah industrial banks.

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