OCC Fintech Charters: Still Waiting For Answers And Applicants

LexisNexis ( September 25, 2019, 2:14 PM EDT) -- Previous issues of this newsletter have explored OCC special purpose national bank (“SPNB”) charters and litigation brought by state regulators challenging these proposed “fintech charters.” See Clarks’ Bank Deposits and Payments Monthly Mar. 1, 2017 & Aug. 1, 2018. Recent decisions issued in two lawsuits challenging the OCC’s authority to issue fintech charters mean it’s time for a short update....