Brand new OCC recognizes that the present day lease-a-constitution model governing lender-fintech matchmaking helps make little sense out of a public policy position

When you look at the a great 2018 policy declaration declaring its plans to begin accepting software towards fintech charter, the brand new OCC noted that: “Given that banking industry changes, firms that participate in the organization out-of banking inside the new and you can ine opportunity to see a nationwide bank charter because the companies that offer banking characteristics courtesy more traditional form.” Because the fintech rent is on keep because of constant court pressures on the says, the best impression, when the allowed to proceed, often mainly confidence the way the charter criteria try calibrated. (mer…)