MSBA submits comment letter to the OCC

MSBA submits comment letter to the OCC

MSBA submits comment letter to the OCC

The MSBA submitted a letter to the OCC noting our questions and comments regarding their proposed National FinTech Charter. We commended the OCC for exploring new and innovative ways to increase payment innovation and reduce duplicative regulatory burdens. The concept of a Special Purpose National Bank Charter for Fintechs (to be referred to herein as the “Fintech Charter”) is one that has garnered a lot of attention and inquiries over the last few weeks.

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