ICBA and other groups asked the OCC to extend the comment period on two national bank charter applications with Dec. 7 deadlines.
ICBA seeks comment extension on OCC charter applications
November 23, 2020 / By ICBA
ICBA and other groups asked the OCC to extend the comment period on two national bank charter applications with Dec. 7 deadlines.
ICBA and other groups asked the OCC to extend the comment period on two national bank charter applications with Dec. 7 deadlines.
The 90-day comment extension would apply to applications from:
- Figure Technologies, a consumer lender looking to expand into payments services and point-of-sale lending.
- Anchorage, a digital asset custodian seeking to provide custody services for institutions across the country.
The groups requested the extension given the novel use of existing charters by non-traditional applicants and the limited information about the Figure and Anchorage applications. More broadly, the groups asked the OCC to conduct an open and transparent approach to considering new charters.
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