Down Goes Frazier (FinTech)
GDB Firm Blog
OCTOBER 31, 2019
The knockout punch was in May when a federal judge decided that offering a national FinTech charter exceeded the OCC's authority. The referee's count reached 10 last week when judgment was entered against the OCC, paving the way for an appeal. A few years ago, the OCC announced that it would accept applications for "FinTech" charters under the National Bank Act.
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