SFIG’s Marketplace Lending Committee to Comment on OCC White Paper

Earlier this month, SFIG reported that the Office of the Comptroller of the Currency (“OCC”) issued a white paper detailing how the agency will supervise financial innovation at national backs and beyond. The white paper also describes the eight guiding principles that the OCC will follow in “handling regulation of financial technology, ranging from a commitment to better communicate with financial institutions to a pledge to work with the Consumer Financial Protection Bureau and other regulators to develop a consistent supervisory approach to fintech products.”

SFIG’s Marketplace Lending Committee will be submitting comments to the OCC’s white paper, with Mayer Brown serving as drafting counsel. Comments on the white paper are due to the OCC by May 31st, 2016.

If you are interested in joining SFIG’s Marketplace Lending Committee, please contact Jennifer.Wolfe@sfindustry.org.

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