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Keith Noreika Quoted in Reuters on OCC Charters for FinTech Companies
08.14.18
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Partner Keith Noreika was quoted in a Reuters article, titled “‘Fintechs’ sound cautious note on offer of U.S. bank charter,” discussing responses from FinTech companies regarding the Office of the Comptroller of the Currency’s (OCC) decision to accept banking license applications from online lenders. The article notes that while FinTech companies are applauding the OCC’s decision, most are hesitant to apply for a charter due to potential legal battles between the federal government and states. “I would expect that challenge to pick up where it left off,” Keith said about a potential lawsuit over the charter. “It could percolate all the way to the Supreme Court.”
To read the article, please click here. The article was also featured in The New York Times (subscription required), CNBC.com and Yahoo! Finance.