Fintechs Now Can Apply for National Bank Charters: Update—Has the Train Stalled?
- Date:May 24, 2017
- Research Topic(s):
- Commercial & Enterprise
- PAID CONTENT
Overview
Further definition is available, but potential roadblocks await
The U.S. Office of the Comptroller of the Currency has doubled down on its intent to grant special purpose national bank charters to financial technology companies (fintechs). However, it is unknown if and how new OCC leadership will interpret the initiative. Meanwhile, state regulators have introduced a lawsuit to prevent implementation.
Learn More About This Report & Javelin
Related content
March 15, 2024
Fleet Cards 2024: Small Fleets Are an Opportunity
Nothing stays the same for fuel card providers, or for the fleet operators that rely on them. Declining fuel costs in 2023 cut into fuel card companies’ revenues, sending them off ...
February 14, 2024
Understanding Commercial Card ePayables: An Abridged Guide for Commercial Buyers
In the world of commercial card payments instruments, ePayables—a virtual type of card payment—is the fastest growing segment, bringing operational efficiency for buyers and their ...
January 17, 2024
Commercial Instant Payments: Global Update Part 1
The adoption of instant payments in the global business-to-business (B2B) market is poised to surge, driven by advancements in technology that have enabled financial institutions t...
Make informed decisions in a digital financial world