FinTech Companies and the OCC Special Purpose National Bank Charter

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 RuffOliver I. Ireland, and Crystal N. Kaldjob

Oliver I. IrelandSean Ruff, and Crystal N. Kaldjob

Teleconference

Caitlin Baker
cbaker@mofo.com
(212) 336-4097

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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