Banking on the “Business of Banking”: How the 2nd Circuit’s Ruling in Lacewell v. OCC Could Change the Future of Fintech Regulation

Kilpatrick Townsend | Mike Breslin and Bennett Gillogly | Nov 11, 2020 Despite often operating on a nationwide scale, fintech companies rarely meet the stringent requirements for obtaining a national banking charter. Under the current regulatory landscape, these companies must therefore secure individual state licenses and conform to a patchwork of inconsistent state-specific regulations. The process

The post Banking on the “Business of Banking”: How the 2nd Circuit’s Ruling in Lacewell v. OCC Could Change the Future of Fintech Regulation first appeared on National Crowdfunding & Fintech Association of Canada.