NAFCU supports OCC fintech charter concept
WASHINGTON, DC (July 31, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today issued the following statement after the Office of the Comptroller of the Currency announced its decision to consider special-purpose national bank charter applications:
“We support the concept of a special-purpose national bank charter for fintech companies. NAFCU believes that fintech companies require a minimum level of regulation and supervision to ensure a level playing field,” says NAFCU President and CEO Dan Berger.
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.