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.
Omni San Francisco Hotel
500 California Street
San Francisco, CA 94104
CLE credit is pending.
For additional information or to register, please contact Katherine Munroe at email@example.com or +1 202 263 3794.
Registration & Lunch
12:00 p.m. – 12:15 p.m.
Program & Lunch
12:15 p.m. – 2:00 p.m.