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Writing for American Banker, Tom Curry and Jay Cabral Outline the Importance of the OCC’s Fintech Charter

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09.25.2018 | Article

Tom Curry and Jay Cabral, partners in Nutter’s Corporate and Transaction Department, wrote an article that outlined why fintechs, just like banks, may now weigh the possible advantages of the special purpose national bank charter against the existing state regulatory systems in American Banker. In the article, “It’s a Mistake to Block the OCC’s Fintech Charter,” Tom and Jay state, “To thrive, the states must recognize the potential of a dual fintech system and, together with the OCC, leverage that potential to develop a system that promotes regulatory and business competition, innovation, financial inclusion and, most importantly, protects consumers.”

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