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In addition to Industrial Loan Companies (ILCs), Merchant Acquirer Limited Purpose Bank Charters (M-A-L-P-Bs), and Special Purpose Depository Institutions (SPDIs), National Trust Banks (NTBs), CEBA banks, and Payments National Banks (PNBs) have emerged as contenders.

Klaros is honored to work with Nubank (NYSE:NU), one of the world's largest digital financial services platforms, which announced today that it has applied for a national bank charter with the Office of the Comptroller of the Currency (OCC).

Why does Nissan Motor Acceptance Company (NMAC) want a Utah Industrial Bank Charter? Congratulations to Nissan Motor Acceptance Company (NMAC) on its filing for a Utah Industrial Bank Charter and to the crack team led by Mike Nonaka at Covington & Burling for its expertise. It was such a pleasure partnering with them on this important initiative. Established in 1981, NMAC is an American company with consistently profitable operations. NMAC and its American parent, Nissan Nor

What kind of bank charter is best? As Peter Renton and I discussed recently on the Fintech One on One podcast , the attitude in Washington has changed dramatically with the new administration, and there’s renewed interest in and optimism around bank charters. Here’s a quick run-down on what the options are.  Build (De Novo) vs. Buy (Acquisition) : The important thing is that at this point there’s no difference in approvability: the regulators will look just as hard at an acqu