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.

Copyright © 2018 by Ballard Spahr LLP.
(No claim to original U.S. government material.)

All rights reserved. No part of this podcast may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.

This podcast is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.