Tag Archive: Office of the Comptroller of Currency

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May 1, 2017 In Finance, FinTech Harriet B. Alexson, ESQ 0 Comments

Conference Of Bank Supervisors File Complaint Against The OCC Over Fintech Charters

The Conference of State Bank Supervisors (“CSBS”), which represents state chartered banks nationwide, filed suit against the Office of the Comptroller of Currency (“OCC”)  in the US district court of the District of Columbia in April, 2017, regarding  the OCC’s issuance of a new non-bank “fintech charter”. The complaint  alleges that the OCC is over-reaching […]

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December 14, 2016 In Banking Terms, Finance Harriet B. Alexson, ESQ 1 Comment

OCC Requires FinTech Applicants To Apply As Nondepository Institutions

The Office of the Comptroller of Currency (“OCC”) recently  established that it will use its authority to grant special-purpose charter to allow FinTech companies into the banking system.  The charter details have not yet been finalized.  In order to apply for this special-purpose charter, a company must engage in fiduciary activities, or either one of […]

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