Licenses and charters

Former CFPB staffer named Florida's banking commissioner

02/26/19

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

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FDIC extends comment period on de novo bank process

02/12/19

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.

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

01/27/19

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.

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Are fintechs better off taking the ILC route to banking?

01/21/19

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

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

01/16/19

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

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Fintechs may finally win charter chase in 2019

01/09/19

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

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OCC seeks dismissal of states' lawsuit opposing fintech charter

01/08/19

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

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PenFed deal feeds bankers' fears of unlimited credit union membership

01/04/19

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.

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Square to make another bid for bank charter

12/19/18

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

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How regulators besides the OCC can help fintechs

12/17/18

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.

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