Marketplace Lending and Fintech The States Object

• Published in: The Business Lawyer Vol. 73; no. 2; pp. 509 - 516
• Main Authors: Savoie, Robert, Hoffman, Philip (PJ)
• Format: Journal Article Trade Publication Article
• Language: English
• Published: Chicago American Bar Association 22.03.2018
• Subjects: Bank technology; Banking industry; Charters; Commercial law; Commercial loans; Community Reinvestment Act 1977-US; Comptrollers; Deposit insurance; Federalism; Financial inclusion; Financial services; Laws, regulations and rules; Licenses; Litigation; Loans; National banks; Regulation of financial institutions; Regulatory agencies; State laws; Survey—Consumer Financial Services; Third party; New York; United States > US

Fintech Charter Developments Special Purpose National Bank Charter for Fintech Lenders The OCC released its proposal for a special purpose national bank ("SPNB") charter for fintech companies in December 20163 As part of that proposal, the OCC issued a white paper that sets forth the basis...