OCC still at 'discussion stage' for fintech bank charter

Washington fotolia DC
By Sasha Padbidri
13 Sep 2017

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.

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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