NACHA Government Relations Update – Oct. 18, 2018

Posted October 18, 2018

In this edition: Rep. Blaine Luetkemeyer calls on FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting to investigate actions their agencies; In a speech, Comptroller of the Currency Joseph Otting said the OCC would be able to approve or deny charters for fintech companies by the middle of next year; and more.

OCC Will Continue to Accept Limited Purpose Charters

Posted October 9, 2018

The Office of the Comptroller of the Currency has indicated the agency would grant a limited purpose charter to any financial technology company that meets its standards, despite legal threats from state regulators.