OCC Fintech Charter Tough on Financial Inclusion

Financial Inclusion Rules Tougher Than CRA in OCC Fintech Charter
– 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 [Community Reinvestment Act] 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.”

Read the article here

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