OCC’s Fintech Charter Puts CRA Compliance Front and Center

The Hurdle Is High, After All; Financial Inclusion Rules in OCC's Fintech Charter Are Tougher Than CRA
– American Banker

American Banker quoted Manatt’s Brian Korn, chair of the firm’s digital finance and marketplace lending practice, in an article about the financial inclusion rules in the OCC’s fintech charter.

"Most bank charters have CRA compliance as a secondary component, but here it's clearly front and center," said Korn. "As opposed to something that you have to comply with once you are already approved."