12/08/2016 11:00 a.m. - 12:00 p.m. PST
Financial Services, Financial Institutions + Financial Services, Banking + Financial Services, and Financial Technology
Sean Ruff, Oliver I. Ireland, and Crystal N. Kaldjob
Oliver I. Ireland, Sean Ruff, and Crystal N. Kaldjob
The Office of the Comptroller of the Currency (OCC) announced in a White Paper that it would begin considering applications from FinTech companies to become “special purpose national banks.” The White Paper includes information about the OCC’s supervisory expectations for these new special purpose national banks and the chartering process.
Morrison & Foerster will be hosting a teleconference to discuss the new special purpose national bank charter, including implications for FinTech companies and potential challenges to obtaining a special purpose national bank charter.
This will be an operator-assisted call of approximately 45 minutes in duration and will be followed by a brief Q&A opportunity.
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