As we previously reported, the Office of the Comptroller of the Currency (OCC) announced in July that it would begin accepting applications from FinTech companies for special purpose national bank charters. Companies who wish to apply for these charters will need to comply with a rigorous, multi-step process.
In this new video, Jeffrey Alberts, Co-Chair of Pryor Cashman's FinTech Group, breaks down the 4-step application process and explains what FinTech companies can do to maximize their chances of being granted a charter.
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