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8/3/18 - Julie Williams on Issues Surrounding Fintechs Seeking OCC Charter

Managing Director and Director of Domestic Advisory Practice Julie Williams was quoted in a Bloomberg BNA article on whether fintech firms applying for an special-purpose banking charter from the Office of the Comptroller of the Currency will receive access to the Federal Reserve Board’s payments system.

The Federal Reserve has yet to indicate whether fintechs could receive access, and the OCC did not address the issue in the charter they released on July 31. “That’s an indication there may be open issues with the Federal Reserve,” Williams said.

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