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Banking Sector National Bank Charters Financial Institutions

BakerHostetler

Weekly Blockchain Blog - July 2025

BakerHostetler on

According to a recent press release, the issuer of the USDC stablecoin has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency...more

Goodwin

Consequences of Forming or Acquiring a Depository Institution

Goodwin on

This second installment in a series of insights on bank charter considerations describes the consequences of operating through an insured depository institution charter, including capital requirements, supervision and...more

Fenwick & West LLP

OCC Reaffirms Bank Authority to Engage in Cryptocurrency Activities

Fenwick & West LLP on

On March 7, 2025, the Office of the Comptroller of the Currency (OCC) published Interpretive Letter 1183, which is expected to clarify and streamline national banks’ ability to engage in cryptocurrency activities....more

Ballard Spahr LLP

Consumer Finance Monitor Podcast Episode: Should Congress Create a New Federal Charter for Non-Bank Payments Companies?

Ballard Spahr LLP on

In this podcast show, we explore with our repeat guest, Professor Dan Awrey of Cornell University Law School, his working paper “Money and Federalism” in which he advocates for the enactment of Federal legislation creating a...more

Guidepost Solutions LLC

5 Tips to Best Position Your Fintech for a Banking Charter License Application

Recently, several financial technology (“Fintech”) organizations have applied for – and been granted – banking charter licenses. For example, in May 2019, Grasshopper was approved for a charter issued by the Office of the...more

BCLP

2017 Landscape of U.S. Banking Industry

BCLP on

The U.S. depository industry has continued its path of consolidation, but as of the end of 2017, there are still over 5,600 banks chartered in the United States. This represents a decline of just under 3,000 charters from...more

Vedder Price

OCC Grants First National Bank Charter Since the Financial Crisis

Vedder Price on

On October 27, 2017, the Office of the Comptroller of the Currency (OCC) issued a full-service national bank charter since the financial crisis to Winter Park National Bank. Winter Park National Bank is the first de novo...more

Ballard Spahr LLP

OCC charters new national bank

Ballard Spahr LLP on

Last week, the OCC announced that it had issued a full service national bank charter to Winter Park National Bank of Florida. Acting Comptroller of the Currency Keith Noreika released a statement in which he stated that...more

Orrick, Herrington & Sutcliffe LLP

Comptroller of the Currency Tom Curry Discusses Fintech Charters

In his remarks at the LendIt Conference in New York, Comptroller of the Currency Tom Curry discussed the special purpose national bank charters to be granted by the OCC to fintech companies and addressed the various...more

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