This site uses cookies to improve your browsing experience, gather site analytics and activity, track shopping cart contents, and deliver relevant marketing information.
View our privacy policy and manage your settings here. By using our site you agree to these terms.

FinTech Updates: OCC and Treasury

by BAFT Admin | Jul 31, 2018
Two important developments in U.S. financial services innovation occurred July 31, 2018: (1) The Department of the Treasury issued a long-awaited report on fintech and innovation in the financial system and (2) the OCC announced that it will begin accepting applications for national bank charters from fintech companies engaged in the business of banking.
US Treasury Issues FinTech Report and OCC Moves Forward with FinTech Charter

Two important developments in U.S. financial services innovation occurred July 31, 2018:  (1) The Department of the Treasury issued a long-awaited report on fintech and innovation in the financial system and (2) the OCC announced that it will begin accepting applications for national bank charters from fintech companies engaged in the business of banking. 

The Treasury’s report, entitled “A Financial System that Creates Economic Opportunities:  Nonbank Financials, Fintech, and Innovation,” contains over 80 recommendations designed to facilitate U.S. firm innovation by streamlining and refining the regulatory environment. These improvements should enable U.S. firms to more rapidly adopt competitive technologies, safeguard consumer data, and operate with greater regulatory efficiency. 

Many of BAFT’s advocacy positions regarding innovation are reflected in the Treasury’s recommendations, including:

  • Streamlining the regulatory environment to foster innovation and avoid fragmentation;
  • Modernizing regulations for emerging technologies and new financial products, services, and business models; and   
  • Facilitating experimentation by establishing “regulatory sandboxes,” promoting increased engagement by financial regulators, and  encouraging cooperation and alignment between U.S. regulators and their foreign counterparts.   

The OCC’s decision to consider applications for special purpose national bank charters from innovative companies is documented in a policy statement and supplement to the OCC’s “Comptroller’s Licensing Manual.” BAFT supports the OCC’s offering of such charters because they  provide companies with the option to launch on a national scale, and promote innovation, competition, and financial inclusion, while also  ensuring the safety and soundness of the financial system by holding all special purpose national banks to similar standards. 

You may find a copy of the Treasury’s press release, report, and fact sheet here.  You may find a copy of the OCC’s press release, policy statement, and manual here.

For questions, please send them to 


Leave a comment
  1. Dayton | Oct 22, 2018
    t will be interesting to see how this works with crypto currency and the positive outcomes as a result.  Thanks for posting. <a href="">Dayton heating and air conditioning </a> can really benefit from this
  2. Dayton | Oct 22, 2018
    It will be interesting to see how this works with crypto currency and the positive outcomes as a result.  Thanks for posting.  <a href=""> Dayton heating and air conditioning </a> can really benefit from this
  3. | Oct 22, 2018
    <a href=""></a> - Microsoft Office is world-renowned suite available for both personal and professional use. If you are one of Microsoft Office users then you would have an idea about the great services provided by them. Furthermore, it one of the oldest and still thriving suites in the market.
  4. Keith | Oct 21, 2018
    Great read, I really liked all that was written. It did answer some questions I had. Roofer Brighton Really appreciated! roofing contractor in Kenosha
  5. Jerry | Oct 21, 2018
    This is Awesome! Thank you so much for sharing this article with us. Residential Roofing Contractor Really appreciated it! Airport Pickup Services
  6. obat herbal alami | Oct 21, 2018
    I can only express a word of thanks. Because with the content on this blog I can add knowledge I,  thank has been sharing this information. Do not forget to visit our website to share information and knowledge about health.|  cara menghilangkan Payudara gatal obat luka basah herbal Cara Mengobati sinus |
  7. Jens Kluge | Oct 20, 2018
    This is very educational content and written well for a change. It's nice to see that some people still understand how to write a quality post!investigadores privados madrid
  8. Tom Barth | Oct 20, 2018
    Thank you a bunch for sharing this with all of us you actually realize what you are talking about! Bookmarked. Please also seek advice from my site =). We could have a hyperlink change contract between us!investigadores privados madrid
  9. Obat Tipes | Oct 20, 2018
  10. misha | Oct 18, 2018
    I should need to thank you for the endeavors you have made in framing this article. I am trusting in a near best work from you later on too. Continue sharing! Planning to assess your next post.Rishikesh EscortsMussoorie EscortsDehradun Call GirlsNainital EscortsHaldwani EscortsJim Corbett National Park EscortsDehradun EscortsPrem Nagar EscortsRajpur EscortsRamnagar EscortsRoorkee EscortsRudrapur EscortsSelaqui EscortsShivpuri Escorts
  11. Priya | Oct 18, 2018
  12. Nisha | Oct 18, 2018
    Your articles are to a great degree bewildering and I got a huge amount of information and heading understanding them Awesome Blog! you'd an uncommon action in your article. The substance is excessively awesome. Dehradun Escorts Dehradun Escorts ServiceD ehradun Escort Dehradun Call Girls Escorts in Dehradun Call Girls in Dehradun
  13. Riya | Oct 18, 2018
    I might want to thank you for the endeavors you have made in composing this article. I am trusting a similar best work from you later on also. Continue sharing! Goa Escorts Goa Escorts
  14. aatish023k | Oct 17, 2018
            This is one of the best pages I've visited glad to be in your yard this amazing I find your site from goggle.  Acer uk support Thanks for sharing, and I would be very happy and happy if you are also willing to  Acer support number visit our website and read them to share information and knowledge about. Canon support number.
  15. | Oct 17, 2018

    Customer Satisfaction Survey plays a key role in the successful functioning of the company. Every company tends to know their customer’s opinion by conducting such type of surveys.

    mcdvoice   |  |

  16. Roland Gareau | Oct 17, 2018
    Thanks for every other informative site. The place else may just I get that kind of information written in such an ideal means? I have a venture that I’m just now operating on, and I have been on the look out for such information.Eyelash Parlor Gilbert AZ
  17. Henri Brisette | Oct 17, 2018
    Hello, I have browsed most of your posts. This post is probably where I got the most useful information for my research. Thanks for posting, maybe we can see more on this. Are you aware of any other websites on this subject.internet marketing
  18. vets day | Oct 16, 2018

     find pages sheets and coloring pages for kids and school students veterans day 2018

    Armistice day 2018 know about its history and love for veterans day

  19. Sahil Arora | Oct 16, 2018
    I think this is an instructive post and it is amazingly useful and capable. I genuinely savored the salty crew discount code experience of scrutinizing this post. colossal fan, thankful!
  20. tombanks198905 | Oct 16, 2018
    Excellent information on your blog, thank you for taking the time to share with us. HP support uk Amazing insight you have on this, Epson Support uk . it's nice to find a website that details so much information about different artist.Canon contact number.
  21. | Oct 16, 2018
    I am having a look ahead in your subsequent submit, I will try to get the cling of it! You really make it appear really easy together with your presentation however I in finding this matter to be really one thing which I feel I might by no means understand. It kind of feels too complicated and very vast for
  22. Steven | Oct 15, 2018
    Really appreciate the content of this article, the information you’ve posted will be a big help to me. Thank you so much! Emergency Roadside Assistance
  23. Shivani Bhatt | Oct 15, 2018
  24. Greg | Oct 14, 2018
    Fantastic!! Really think every point you came across here was communicated excellently. See More Keep up the good work!  Visit Us
  25. | Oct 13, 2018 is a computer security software program for Microsoft Windows users that combine software as a service cloud protection with traditional Antivirus and anti-spyware desktop
  26. | Oct 13, 2018 - With the development of the digital world, online protection is crucial. It is extremely important to protect your PCs, Mac, computers as well as mobile devices and tablets with
  27. | Oct 13, 2018
    Do you consider your privacy may be compromised while on-line? Experience up coming technology Protection stage with Webroot in your all devices. Install and activate webroot from
  28. | Oct 13, 2018
    I am happy that you just shared this helpful information with us. Please stay us up to date like this. Thank you for
  29. My Kaspersky Activate | Oct 13, 2018
    Keep up the good work, I read few content on this website and I conceive that your website is really interesting and holds circles of great information.My Kaspersky Activate
  30. | | Oct 13, 2018
    You have brought up a very excellent points, thanks for the |
  31. AVG Registration | Oct 13, 2018
    Regards for all your efforts that you put it in this. Very interesting info.AVG Registration
  32. | Oct 13, 2018
    It's amazing to pay a quick visit this site and reading the views of all mates concerning this post, while I am also eager of getting
  33. | Oct 13, 2018
    very good post, i actually love this website, keep on
  34. | Oct 13, 2018
    They are very convincing and you will certainly work. Still, the posts are very short for starters. Thanks for the
  35. | Oct 13, 2018
    I was looking continuously This blog and I am impressed! Thank you and good
  36. | Oct 13, 2018
    Very interesting information! Perfect just what I was looking for!
  37. | Oct 13, 2018
    Very interesting information! Perfect just what I was looking for!
  38. | Oct 13, 2018
    I like this post, enjoyed this one appreciate it for
  39. | Oct 13, 2018
    Loving the information on this site, you have done done great job on the blog
  40. | Oct 13, 2018
    You know, lots of people are hunting around for this information, you can aid them
  41. | Oct 13, 2018
    I should recommend part in a contest for one of the best blogs on the web. I will recommend this site!
  42. Steven | Oct 13, 2018
    Great read, I really liked all that was written. Check us out It did answer some questions I had. Really appreciated! Visit Our Site
  43. Sanjay | Oct 12, 2018 @ scrap car removal abbotsford @ cash for scrap cars abbotsford @ scrap car removal langley @ scrap car removal surrey
  44. Barbara | Oct 11, 2018
    Pandora Jewelry Official Site Kyrie 4 Birkenstock Sale Ralph Lauren Air Max Longchamp Ralph Lauren Outlet Louboutin Shoes Kyrie Irving Shoes Timberlad Boots Nike Shoes North Face Outlet Online Adidas NMD R1 Kyrie 3 Nike Air Max 2018 Christian Louboutin Moncler Outlet Adidas Outlet Store Michael Kors Canada Outlet Rihanna Puma Slides Nike Air Vapormax Flyknit Longchamp Nike Air Max Jordans 11 Pandora Charms Outlet Yeezy Boost 350 V2 Air Max 90 Yeezy Boost 350 Pandora Jewelry Pandora Canada Curry 4 Release Date Soccer Shoes Nike Cortez Air Force 1 Jimmy Choo Shoes Birkenstock Sandals Jordan 11 Red New Jordans Pandora Bracelet Clarks Shoes Nike Air Max 95 Polo Ralph Lauren Outlet Kevin Durant Shoes Vapor Max Adidas Shoes For Women Nike Uptempo Pandora Rings Pandora Jewelry Yeezy Shoes Birkenstock Shoes Yeezy boost 350 v2 Yeezy Shoes Jordan Retro 11 Polo Ralph Lauren Outlet Online Adidas Yeezy Ultra Boost Goyard Handbags Christian Louboutin Shoes Air Max Pandora Outlet Online NMD R1 Skechers Shoes Curry Shoes Pandora Rings Blue Tint Yeezy Red Bottom Shoes For Women Kate Spade Outlet Coach Handbags Pandora Jewelry Longchamp Outlet Moncler Vans Red Bottom Shoes KD 10 Coach Factory Outlet Pandora Charms Lebron James Shoes Lebron 15 Pandora Charms Ralph Lauren Outlet James Harden shoes Yeezy Chaussure Air Max 90 Coach Outlet Yeezy Boost 350 V2 Beluga 2.0 Pandora Charm Michael Kors Canada Adidas NMD Louboutin Shoes Jordan 11 Space Jam Nike Outlet Store Harden shoes KD 10 Puma Shoes For Women Birkenstock Adidas Outlet Online Pandora Adidas Yeezy Air Jordans North Face Jackets Kyrie 3 Louboutin Heels Nike Outlet Store Timberland Boots For Women Vans Outlet Adidas Shoes Lebron 15 Shoes Huaraches Nike Kyrie Irving Shoes Kate Spade Outlet Online
  45. nia | Oct 11, 2018

    ATT LOGIN: AT&T is an American Multinational Company that provides a wide range of products and services and have many subsidiaries. And to manage all their services and product, you need an ATT account. Once you use this account and login ATT, you will be able to add your AT&T services and manage them remotely.

    www att com

    COX WEBMAIL: Cox is a private American Company that provides digital cable television, telecommunications, and Home Automation services in the United States. They also provide a very reliable support service to their users. You can register yourself with the Cox mail and get started with their services now.

    cox webmail

  46. Go Daddy $1 Web Hosting | Oct 11, 2018
    Thanks for sharing a great article with all of us. This article is really helpful for me. Godaddy $1 Web Hosting. Get your website online with go daddy web hosting. 
  47. DHIERU | Oct 10, 2018
  48. Mac Lee | Oct 10, 2018
    Truly, this blog post is really one of the very best on . I am an antique ’blog post’ reader and I always try to find the new blog post. myassignmenthelp
  49. Sarah | Oct 10, 2018
    Birkenstock Sandals On Sale
    Air Force 1
    Kanken Backpack
    Louboutin Heels
    Timberland Outlet
    Air Jordan Retro 9
    Christian Louboutin
    Bottega Veneta Handbags
    Fitflop Sandals
    Pandora Jewelry
    Moncler Outlet
    Burberry Bags
    Air Max
    Ed Hardy
    Yeezy Boost 350
    Christian Louboutin Shoes
    Pandora Charms
    Red Bottoms
    Cheap Jordan Shoes For Women
    Jordan Retro
    Jordan 4
    Moncler Jacket
    Ferragamo Outlet Online
    Moncler UK
    Jordan Shoes
    Kyrie Shoes
    Kate Spade Outlet
    Nike Outlet
    Pandora Jewelry
    Pandora Charms Jewelry
    Pandora Outlet
    Pandora Jewelry Official Site
    Pandora Jewelry
    Air Jordan
    Nike Shoes For Women
    Nike Air Max 98
    Pandora Jewelry
    Nike Outlet
    Air Jordan Retro 10
    Birkenstock Outlet Online
    Jordan 8
    Christian Louboutin Outlet
    Air Jordan 11
    Valentino Outlet
    Pandora Jewelry
    Red Bottoms Louboutin
    Pandora Outlet
    Pandora Charms Sale Clearance
    Jordan Sneakers
    Yeezy 700
    Jordans 11
    Nike Presto Off White
    Fjallraven Kanken
    Pandora Charms
    Pandora Jewelry
    Nike Outlet Online
    Air Jordan Shoes
    Pandora Bracelet
    Kate Spade Purses
    Balenciaga Triple S
    Nike Outlet
    Vans Sneakers For Men
    Air Jordan Shoes
    Nike Air Max 270
    Fitflop Shoes
    Skechers Shoes
    Nike Sneakers
    Nike Air Max 270
    Ralph Lauren UK
    Nike Outlet
    Nike Vapor Max
    Moncler Jacket
    Win Like 96
    Isabel Marant Shoes
    Pandora Bracelets
    Pandora Canada
    Air Max
    Air Max 270
    Womens Nike Shoes
    Nike Roshe
    Pandora Charms
    Birkenstock Outlet
    Jordan 11
    Nike Shoes For Men
    Jordan 14
    Pandora Charms Sale
    Balenciaga Sneakers
    Adidas NMD XR1
    Nike Air Force
    Goyard Handbags
    Birkin Bag
    Pandora Charms
    Cheap Basketball Shoes
    Moncler Outlet Online
    Birkenstock Outlet
    Disney Pandora
    Pandora Jewelry
    Adidas Yeezy
    Kate Spade
    Kate Spade Outlet Online
    Christian Louboutin UK
    Pandora Outlet
    Human Races Shoes
    Nike Outlet Store
    Pandora Bracelet
    Air Max 270
    Retro Jordans
    Pandora Bracelet
    Nike Shox
    Nike React
    Jordan 12
    Kate Spade Bags
    Nike Outlet Store
    Goyard Bags
    Air Max Plus
    Adidas Yeezy
    Valentino Shoes
    Fitflops Clearance Outlet
    Pandora CZ
    Balenciaga Sneakers
    Fitflop Sandals
    Kyrie 4
    Bottega Veneta Handbags
    Pandora Ring
    Longchamp Handbags
    Yeezy Sneakers
    Nike Clearance Store
    Adidas Superstar Shoes
    Nike Clearance Outlet
    Adidas Superstars
    Ferragamo Belt
    Nike Roshe
    Adidas Yeezy
    Adidas NMD
    Yeezy 750 Boost
    Nike Vapormax
    Pandora Jewelry
    Adidas Stan Smith
    Pandora Charms
    Adidas NMD XR1
    Jordans 2019
    Fitflop Website
    Louboutin shoes
    Adidas Sneakers
    Nike Air Jordan
    Pandora Jewelry
    Curry 5 Shoes
    Pandora Jewelry
  50. MYCORD | Oct 10, 2018

    Leave a comment