Skip to main content
Menu Icon
Close

InfoBytes Blog

Financial Services Law Insights and Observations

Comptroller Curry Announces OCC Will Issue a Paper Soon Describing OCC's Thoughts on National FinTech Charters

Federal Issues Consumer Finance Digital Commerce OCC Fintech Virtual Currency

Federal Issues

In prepared remarks delivered November 3 at the Chatham House “City Series” Conference in London, Comptroller of the Currency Thomas J. Curry discussed the OCC’s approach to regulating FinTech innovation. In his speech, entitled “The Banking Revolution: Innovation, Regulation and Consumer Choice,” Mr. Curry discussed the rapid growth of worldwide investment in FinTech over the past five years and walked through various regulatory responses to those developments–including the OCC’s guiding principles for its regulatory approach to innovation and its decision to establish a team dedicated to implementing those principles. The Comptroller emphasized that the OCC is still deciding whether to grant national charters to FinTech companies that conduct banking activities, but added that the agency would issue a paper “soon” describing the agency’s thoughts on the subject and inviting public comment.