Thomas Curry Discusses Fintech Charter at LendIt USA

Thomas Curry spoke on the Office of the Comptroller of the Currency’s fintech charter at LendIt USA; Curry primarily refuted arguments against the OCC’s authority for establishing a fintech charter; Curry sited the National Bank Act stating, “To be clear, the National Bank Act does give the OCC the legal authority to grant national bank charters to companies engaged in the business of banking.”; the banking charter would encompass all fintech companies engaging in banking activities regardless of whether or not they take banking deposits; the OCC is still evaluating the provisions of the fintech charter following its December 2016 white paper and comment period which ended in January 2017.  Source

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