December 2,2016 – Today the Office of the Comptroller of the Currency (OCC) confirmed it would ‘move forward’ accepting fintech charter applications, and issued a white paper outlining additional details about how the agency would approach such charters. The OCC is accepting comments on its paper, due mid January.
The following statement is attributed to Brian Peters, Executive Director of Financial Innovation Now:
“FIN is encouraged by the OCC’s Innovation Initiative and Comptroller Curry’s embrace of the potential for financial technology to improve access and promote financial inclusion. FIN believes that payments and lending regulatory treatment should be better streamlined across state and federal jurisdictions. We are pleased with the conversation that the OCC is driving and we look forward to working with them on efforts to promote innovation.”