OCC Releases Draft Licensing Manual for Evaluating Fintech Bank Charter Applications

By Anthony Nolan

The Office of the Comptroller of the Currency today issued its draft licensing manual in furtherance of its proposal to grant national bank license to fintech companies.  This provides additional detail on evaluating charter applications from fintech companies that engage in the business of banking.  This is an interesting riposte to the Republican letter asking the OCC to delay the fintech charter process.   A link to the OCC’s press release appears here.

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