In The News

OCC Steps Out Front on Fintech Regulation

Bloomberg BNA

02 Jan 2017

Oliver Ireland, a partner in Morrison & Foerster’s Financial Services Group, was quoted regarding the OCC’s invitation to fintech companies to apply for national bank charters in the article “OCC Steps Out Front on Fintech Regulation,” published by Bloomberg BNA’s Banking Report on January 2, 2017.

A national bank charter, Mr. Ireland explained, would allow these fintech companies to effectively function as banks. “A lot of that mechanical stuff that applies to a national bank is going to continue to apply,” he said.

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