Archive: August 2, 2017

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Lord Chief Justice of England and Wales gives thoughts on development of law for digital businesses
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OCC Acting Comptroller Noreika’s Recent Remarks on FinTech Charter

Lord Chief Justice of England and Wales gives thoughts on development of law for digital businesses

By Jonathan Lawrence

In a recent speech, the most senior judge in England and Wales has spoken about the need to keep English law up to date so that it remains the law of choice for digital ways of doing business. The Lord Chief Justice of England and Wales, Lord Thomas of Cwmgiedd, said that some issues could be left to the judges to develop law in the traditional manner, but that this may not be possible for everything that the digital economy can produce. Amongst his thoughts:

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OCC Acting Comptroller Noreika’s Recent Remarks on FinTech Charter

By Yuki SakoPeter Nelson and Elizabeth Nelli

On July 19, 2017, the US Office of the Comptroller of the Currency (OCC) Acting Comptroller Noreika stated that special-purpose national bank charter is a “good idea that deserves thorough analysis and careful consideration.” He thinks that, despite the pending lawsuits filed by state bank regulators to challenge, the OCC has the authority to grant national bank charters to fintech companies in appropriate circumstances.

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