OCC fintech charter expected to receive attention at April 15 House hearing on banking innovation
By EsqSocial Corporation 14/04/21
On April 15, 2021, the House Financial Services Committee’s Subcommittee on Consumer Protection and Financial Institutions will hold a hearing titled, “Banking Innovation or Regulatory Evasion? Exploring Trends in Financial Institution Charters.” A topic expected to receive attention at the hearing is the OCC’s decision to accept applications for special purpose national bank charters from non-depository fintechs. While not mentioned in the Committee Memorandum, another topic that could...
By: Ballard Spahr LLP