What Now For The OCC’s Fintech Proposal?

Law360, New York (November 28, 2016, 9:51 AM EST) -- Kevin Petrasic

Benjamin Saul On Oct. 26, the Office of the Comptroller of the Currency announced plans to open an Office of Innovation in the first quarter of 2017. The new office is intended to provide innovators with a central point of contact at the OCC and to implement a formal framework for how the agency will understand and respond to financial innovation impacting the federal banking system. The office is to be run by a chief innovation officer and will include staff in Washington, D.C., New York City and San Francisco.

Since the OCC’s announcement, much has changed in Washington...

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