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OCC’s call for study of separation of banking and commerce: Revisited topic with a new twist

November 10, 2017
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Whether out of apprehension over a Walmart bank or a Google or Amazon bank, many community banks share a strong concern that commercial firms owning banks would be able to compete for community bank business on unfair terms. READ MORE

OCC won’t allow fintech national bank charters for commercial firms, addressing potential Walmart fintech bank concerns

March 17, 2017
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The primary concern of many community bankers with allowing nonbank commercial companies to own banks is the potential for the “anti-competitive effects and undesirable concentrations of economic power” referred to by the OCC, which apparently shares that concern. READ MORE