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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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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