Second Circuit’s Fintech Chartering Decision Positions The OCC To Make The Next Move

LexisNexis (September 17, 2021, 2:42 PM EDT) -- The Office of the Comptroller of the Currency (OCC) announced its intention to accept special-purpose national bank (SPNB) charters from nondepository financial technology (fintechs) companies in 2018 pursuant to the powers afforded to it under the National Bank Act (NBA). Judicial challenges followed almost immediately....