MBA Education Special Purpose National Bank Charters for Fintech Companies Webinar Today
MBA Education hosts a webinar, Special Purpose National Bank Charters for Fintech Companies, today, Mar. 9 from 2:00-3:30 p.m. ET.
In December, the Office of the Comptroller of the Currency announced it will begin considering applications for a special-purpose national bank charter from fintech companies. This announcement culminated a lengthy period of consideration by the OCC and discussions with various stakeholders.
This special purpose charter may be an attractive option for residential mortgage lenders who would benefit from a more streamlined supervisory and examination regime (e.g., one primary regulator), exportation of interest rates and certain fees and preemption of certain state lending requirements, including licensing.
Objectives
–Potential benefits to residential mortgage lenders and other types of technology companies.
–How the special-purpose bank charter can help lower compliance costs, particularly in the areas of licensing and usury.
–Key features of this charter and the related supervisory expectations (including capital requirements and change-of-control approvals).
–Preparing an application and business plan and navigating the chartering process.
–How the new administration, state regulators and Congress may impact the existing current regulatory environment and the special purpose national bank charter.
Speakers
–Moderator: Elizabeth Kemp, Assistant Regulatory Counsel, Mortgage Bankers Association
–Melanie Brody, Partner & Consumer Financial Services Member, Mayer Brown
–Jeff Taft, Partner & Financial Services Regulatory Attorney, Mayer Brown
–Pratin Vallabhaneni, Associate, Arnold & Porter Kaye Scholer LLP
Who Should Attend
–Chief Technology Officers
–Chief Information Officers
–IT Professionals
–Heads of Production
–Processors
–Anyone seeking to learn more about automating mortgage processes
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2171716BP/REGIS.
Login instructions will be sent to paid attendees in advance of the webinar. All paid attendees will receive a copy of the audio recording and PowerPoint deck at the conclusion of the webinar.
For more information, click https://www.mba.org/store/events/webinar/special-purpose-national-bank-charters-for-fintech-companies.
