The OCC's Special Purpose National Bank Charter: What Fintech Companies Need to Know

Event Details
August 2018
11:00 AM - 12:00 PM ET

The Office of the Comptroller of the Currency’s (OCC) announcement earlier this month that it will begin accepting applications for special purpose national bank (SPNB) charters from nondepository financial technology (Fintech) companies represents a major development that provides Fintech companies with the opportunity to take advantage of federal preemption and other benefits available to full-service national banks. Most significantly, the OCC’s decision means that obtaining an SPNB charter is now an option for Fintech companies that would be disqualified from obtaining a full-service national bank charter due to their own non-financial activities or those of an affiliate.

Please join us to explore the issues that Fintech companies contemplating an SPNB charter will need to consider in deciding whether to submit an application to the OCC. The issues we will discuss include the following:

  • The benefits of an SPNB charter

  • The restrictions/requirements/standards that will apply to an SPNB

  • The OCC's application and approval process

  • Potential challenges to the OCC's decision to accept SPNB charter applications

  • Alternatives to an SPNB charter, including a full-service, deposit-taking bank or an industrial loan company

  • Application of Bank Holding Company Act 


Alan S. Kaplinsky
Practice Leader
Consumer Financial Services


Scott A. Coleman
Banking and Financial Services

Scott M. Pearson
Consumer Financial Services Litigation

This program is open to Ballard Spahr clients and prospective clients. There is no cost to attend. This program is not eligible for CLE credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Daniel Martin at martind@ballardspahr.com.  

Subscribe to Ballard Spahr Mailing Lists

Get the latest significant legal alerts, news, webinars, and insights that affect your industry.