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Tom Curry, a partner in Nutter’s Corporate and Transactions Department and co-leader of the firm’s Banking and Financial Services group, discussed the OCC’s fintech charter process in PaymentsCompliance. In the article, “Former U.S. Regulator Urges Open Minds on Federal Fintech Licensing,” Tom points out that the charter application process should be viewed not only as a licensing option, but as an alternative to federal-level regulatory sandboxes. Furthermore, Tom adds, “If you’ve mastered the complex U.S. state-level regulatory system you can continue to use that. I think for some firms that are already in the area, it makes sense to periodically evaluate whether the cost and complexity of that system makes sense.”