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Conference of State Bank Supervisors files new lawsuit to block OCC approval of Figure Technologies charter application

CFPB Monitor

federal district court to block the OCC from granting a national bank charter to Figure Technologies Inc. federal district court challenging the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies. The Conference of State Bank Supervisors (CSBS) has filed a lawsuit in D.C.

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242 Startup Failure Post-Mortems

CB Insights

Title: Fintech ‘Plastc’ Shuts Down After Cancelling All 80,000 Pre Orders. Title: A Postmortem Analysis of Standout Jobs. Offering a portfolio of 70 stocks, the firm allowed beginner investors to purchase fractional shares and to engage in transactions as low as $10 and as high as $2,500. Product: Plastc. Product: Flytenow.

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