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.