Bryan Cave Leighton Paisner Banking Blog

Bank BCLP

Bank Charter

Main Content

OCC Provides a Path for FinTech Charters

August 24, 2018

Authors

Barry Hester and Ken Achenbach

OCC Provides a Path for FinTech Charters

August 24, 2018

by: Barry Hester and Ken Achenbach

On July 31, 2018, the OCC announced that it had finalized parameters for its new limited-purpose financial technology national bank charter and is ready to begin taking applications.  This release follows several years of formal deliberation on the topic and coincided with the release of a 222-page U.S. Treasury report on innovation.  Industry reactions have been wide-ranging – will this level the playing field or usher in a FinTech “apocalypse“?

Highlights of the OCC notice include:

FDIC Expands Bidder List for Troubled Institutions

November 26, 2008

Authors

Bryan Cave Leighton Paisner

FDIC Expands Bidder List for Troubled Institutions

November 26, 2008

by: Bryan Cave Leighton Paisner

On November 26, 2008, the FDIC issued a press release outlining a new plan to allow parties that do not have a bank charter to bid on failing institutions.  We will keep you up to date as additional details emerge on this new plan.  Below is the complete text of the FDIC’s press release.

Read More
The attorneys of Bryan Cave LLP make this site available to you only for the educational purposes of imparting general information and a general understanding of the law. This site does not offer specific legal advice. Your use of this site does not create an attorney-client relationship between you and Bryan Cave LLP or any of its attorneys. Do not use this site as a substitute for specific legal advice from a licensed attorney. Much of the information on this site is based upon preliminary discussions in the absence of definitive advice or policy statements and therefore may change as soon as more definitive advice is available. Please review our full disclaimer.