12/2/16 - Julie Williams Talks with Bloomberg BNA on OCC’s Plan for Fintech Charters
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12/2/16 - Julie Williams Talks with Bloomberg BNA on OCC’s Plan for Fintech Charters

Julie Williams, a Promontory managing director, discussed the Office of the Comptroller of the Currency’s fintech charter announcement with Bloomberg BNA

“Looking at what the OCC has done, it pretty much assures that there will be some fintech charters,” Julie Williams, former OCC chief counsel and now a consultant with Promontory, in Washington, told Bloomberg BNA. “They can't go through all of this buildup and then create a test that nobody can pass.

“However, the process to get to the fintech-charter finish line is not for the faint of heart,” she said. “This is a marathon, not a sprint.

“What they've described is the full load of regulatory obligations and standards that would apply to any national bank.”