ICBA seeks comment extension on OCC charter applications

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.