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July 23, 2018

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US Treasury Bureau Issues Guidelines for Fintech Bank Charters

  The Office of the Comptroller of the Currency (OCC), an independent bureau within the U.S. Department of the Treasury, has released additional detail on evaluating national bank charter applications from Fintech or financial technology companies that engage in banking. The OCC believes making special purpose national bank (SPNB) charters available to qualified fintech companies would

The OCC has just taken another step toward a national fintech charter

  Today it released a draft of the licensing manual supplement that will be used by fintech companies digital currency and blockchain companies among them to understand and engage in the process of becoming a chartered special purpose national bank (often called a Fintech Charter). The draft manual echos and clarifies previous statements from the