OCC still at 'discussion stage' for fintech bank charter

Acting Comptroller of the Currency Keith Noreika told attendees at the Finovate Fall conference in New York that a special purpose banking charter for fintech companies is still being developed, but is confident that his replacement would take up the cause.

  • By Sasha Padbidri
  • 13 Sep 2017

Noreika confirmed that while discussions have progressed, the Office of the Comptroller of the Currency (OCC) was still not ready to “take a concrete step” to use the charter, echoing a statement he made during a speech in July.

“We’re getting our feet wet. It’s like getting into ...

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