The Office of the Comptroller of the Currency is still courting fintech companies as the two continue to get to know each other better and plan their future together.

Or so says Keith Noreika, acting comptroller of the currency. In a session called “The Future of Fintech Regulation,” at the Finovate Conference in New York, he offered updates on what fintech companies should expect from the federal banking regulator as this courtship moves forward.

Noreika addressed the much-talked-about special purpose bank charter for fintechs that was proposed by the OCC in March. So far, it is only a proposal and he gave no indication that there are immediate plans to push it further forward. Regulators continue to have conversations with companies to better understand their needs and to educate the fintechs about the laws and regulations within the industry.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Go To Lexis →

Not a Lexis Subscriber?
Subscribe Now

Go To Bloomberg Law →

Not a Bloomberg Law Subscriber?
Subscribe Now

NOT FOR REPRINT