Korn Quoted in GlobalCapital on OCC Fintech Charter

OCC fintech charter receives fatal blow from NY court
– GlobalCapital

Fintech practice leader Brian Korn spoke with GlobalCapital following a New York federal judge’s ruling that the Office of the Comptroller of the Currency (OCC) lacks legal power to grant a bank charter to a fintech company. In the article, Korn discussed the potential implications of this decision, saying, “as this relates to securitization, it means that we are more likely to see a continuation of the bank partnership-originated loans as the primary source of fintech loan origination.”



pursuant to New York DR 2-101(f)

© 2022 Manatt, Phelps & Phillips, LLP.

All rights reserved