The OCC Fintech Charter—Opportunity with a Twist

Thursday, March 16, 2017
Arnold & Porter Kaye Scholer LLP
250 West 55th Street
New York, NY

Guest Speaker: Rob Lavet, General Counsel of Social Finance (SoFi)

The recently proposed OCC expansion of the special purpose national bank charter for Fintech companies creates a very interesting opportunity for single source supervision of companies that provide consumer financial services without offering insured deposits. But at what price? This two-part seminar will explore the following attributes and issues that are critical to an evaluation of the OCC's proposed innovation:

Part I: Regulatory Perspective

  • Permitted activities
  • Impact of ongoing OCC supervision and enforcement
  • Ongoing compliance expectations
  • The extent of preemption of state laws
  • Corporate governance requirements

Part II: Effect on Transactions

  • Impact on day to day transactions
  • Impact regarding state licensing requirements
  • Effect on usury caps
  • Impact on strategic transactions, including capital raising and M&A

Meet the Speakers

Rob Lavet
Social Finance (SoFi)

General Counsel

Michael A. Mancusi
Arnold & Porter
Christopher L. Allen
Arnold & Porter
Henry G. Morriello
Arnold & Porter
Robert C. Azarow
Arnold & Porter
Lawton M. Camp
Arnold & Porter
Teresa L. Johnson
Arnold & Porter
Subscribe Link

Email Disclaimer