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Past Event
7 February 2017

Registration & Lunch
12:00 p.m. – 12:15 p.m.

Program & Lunch
12:15 p.m. – 2:00 p.m.

Speakers

  • Melanie Brody
    T +1 202 263 3304
  • Jonathan D. Jaffe
    T +1 650 331 2085
Event

Consumer Finance Luncheon Briefing

On December 2, 2016, the US Office of the Comptroller of the Currency (OCC) announced that it will begin considering applications for a special-purpose national bank charter from fintech companies. This announcement was the culmination of a lengthy period of consideration by the OCC and discussions with various stakeholders.

Please join attorneys from Mayer Brown’s Washington DC and Palo Alto offices for a luncheon briefing highlighting:

  • Potential benefits to payment companies, consumer and commercial lenders and other types of technology companies
  • How the special-purpose bank charter can help lower compliance costs, particularly in the areas of licensing and usury
  • Key features of this charter and the related supervisory expectations (including capital requirements and change-of-control approvals)
  • Application and chartering process

We also will address how the new administration may impact existing Consumer Financial Protection Bureau (CFPB) enforcement actions and regulatory proposals.

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