Licenses and charters

Former CFPB staffer named Florida's banking commissioner


Ronald Rubin, who was a CFPB enforcement attorney, will head an office overseeing nearly 200 state-chartered banks.


FDIC extends comment period on de novo bank process


The agency began seeking comments in December through a "request for information" on how to improve the agency's process for considering new deposit insurance applications.


Is the OCC's fintech charter really 'perfect' for mortgage lenders?


As suspense builds over which firm will be the first to seek the special-purpose charter, a side discussion has emerged over which financial services sector has the most to gain — or lose — from the new option.


Are fintechs better off taking the ILC route to banking?


The industrial loan company charter is getting more attention as doubts grow about a new federal license for fintechs.


Fed not an impediment to fintechs' charter ambitions: OCC's Otting


Some in the industry worry the Fed may balk at allowing OCC charter recipients into the payments system, but Otting downplayed those concerns.


Fintechs may finally win charter chase in 2019


Whether it's the OCC's special-purpose charter, ILCs or some other option, observers see fintechs being able to obtain banking powers.


OCC seeks dismissal of states' lawsuit opposing fintech charter


The agency refuted claims by the Conference of State Bank Supervisors that the OCC was overstepping its authority.


PenFed deal feeds bankers' fears of unlimited credit union membership


An “emergency merger” with the troubled Progressive Credit Union gives PenFed — already the nation’s third-largest credit union — the ability to welcome any potential member nationwide.


Square to make another bid for bank charter


The payments processor was among numerous firms earlier this year to withdraw an ILC charter application over questions about its plan.


How regulators besides the OCC can help fintechs


The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.