Monthly Archives: December 2016

OCC Proposes to Issue Special Purpose National Bank Licenses for FinTechs

On December 2, 2016, the Office of the Comptroller of the Currency (the “OCC”), which licenses and regulates in part National Banks, issued a white paper, and Comptroller of the Currency Thomas Curry spoke, on voluntary licensing as “Special Purpose National Banks” certain FinTech companies that meet OCC requirements.  “FinTech” is usually defined as financial technology firms that use… Read more »