On March 9, a three-judge panel of the Second Circuit heard oral argument on the question of whether the OCC can legally issue national bank charters to non-depository financial technology (fintech) firms. The case is...more
3/16/2021
/ Appeals ,
Banking Sector ,
CSBS ,
Dismissals ,
FinTech ,
Fintech Charter ,
National Bank Act ,
Nonbank Firms ,
NYDFS ,
OCC ,
Oral Argument ,
Preemption ,
Regulatory Authority ,
Standing
On October 23, the District Court for the Southern District of New York (SDNY) issued a final judgment setting aside in relevant part the regulation on which the Office of the Comptroller of the Currency (OCC) based its...more
The Office of the Comptroller of the Currency (OCC) is considering allowing financial technology (fintech) companies to be chartered as special-purpose national banks. Although the planning is still at a preliminary stage,...more