OCC Fintech Charter Faces Uncertain Future After Curry’s Departure
Tara Jeffries
Thomas Curry, the now-former chief of the Office of the Comptroller of the Currency, left his post with a major piece of unfinished business — a plan to offer national bank charters to financial technology firms. …The OCC will likely pause movement on its fintech charter plan until the Trump administration appoints a permanent head of the agency, according to Karen Shaw Petrou, managing partner at Federal Financial Analytics Inc. “I suspect all consequential policy decisions such as this will be on hold, pending the appointment of a permanent comptroller,” Petrou said in an interview Tuesday. “At that point, I think the structure that Tom Curry proposed for the fintech charter will be significantly revised.”