SFIG to Comment on OCC Proposal to Grant Fintech Charters

On December 2, 2016, the Office of the Comptroller of the Currency (OCC) issued a proposal to grant special purpose national bank charters to online lenders, payment processors and other fintech firms.

SFIG members will provide comment on the proposal, which is due January 15, 2017. The response will be managed through the SFIG Marketplace Lending Committee. SFIG previously commented on an OCC report issued in March 2016 entitled “Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective”. If you are interested in joining the Marketplace Lending Committee, please contact Jennifer.Wolfe@sfindustry.org.

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