In December, the Comptroller of the Currency Thomas J. Curry announced "that the Office of the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose national banks."

During remarks, Comptroller Curry "described several reasons for considering special purpose national charters for fintech companies. 'First and foremost, we believe doing so is in the public interest,” Comptroller Curry said. “It is clear that fintech companies hold great potential to expand financial inclusion, empower consumers, and help families and businesses take more control of their financial matters.'"

Learn more here. Comments are due January 15, 2017.
 

 

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