Bank, MPL partnerships to persist in 2017

Loans
By Sasha Padbidri
03 Jan 2017

The introduction of a national banking charter for financial technology companies by the Office of the Comptroller of the Currency (OCC) at the end of last year will not be a big disruptor of the bank partnership model in 2017, said industry sources this week.

When the OCC announced it would grant national banking charters to fintech companies, the thinking was that it would allow online lenders to compete more directly with banks. However, a source at a specialty finance bank said that the introduction of the fintech charter would not deter ...

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