Entries tagged “bank”
OCC to Accept Special Purpose National Bank Charter Applications for Fintech Companies
insights 
John R. Mussman · September 5, 2018
In this article, Rimon Partner, John Mussman, reviews the July 31 Comptroller of the Currency announcement that it would begin accepting special purpose national bank charters for fintech companies. The special purpose charter will offer a fintech company that engages in electronic banking or lending activities a national platform — subject to OCC supervision. States have…
Ten Questions: Case Studies for Professional Responsibility
insights John R. Mussman · April 26, 2018
On April 25, 2018, John Mussman provided a Professional Responsibility Continuing Legal Education Seminar to The Chicago Bar Association, Financial Institutions Committee. With his former partner David Mann, Holland & Knight, Mr. Mussman presented 10 Case Studies elucidating issues that banking and other business lawyers may confront under the Illinois Rules of Professional Conduct in…
D.C. Court of Appeals Upholds Constitutionality of CFPB Single-Director Structure
insights John R. Mussman · February 1, 2018
On January 31st, the D.C. Circuit ruled that the leadership structure for the Consumer Financial Protection Bureau established under the Dodd-Frank Act is consistent with the U.S. Constitution. That the CFPB is headed by a single individual with a five-year term and can be fired only for cause does not impinge on the President’s executive…
CFPB Director Cordray Announces Resignation
insights John R. Mussman · November 15, 2017
Consumer Financial Protection Bureau Director Richard Cordray has announced his resignation. Although not unexpected, his move may have far-reaching ramifications on the regulatory landscape in consumer finance and residential lending. You can read more here. John Mussman is a leading banking and financial services lawyer. He represents banks, mortgage lenders, and other financial services providers, focusing on banking and…
