Welcome to the MoFo Tech Blog

MoFo Tech brings together legal insights and in-depth analyses on trends and complex issues shaping the global technology industry, covering fields such as blockchain and distributed ledger, cloud and SaaS technologies, driverless cars, drones, FinTech, computer hardware and software, the IoT, semiconductors, and telecommunications.

July 20, 2017 - Fintech

Acting Comptroller Endorses Fintech Charters

Acting Comptroller of the Currency Keith Noreika has expressed support for efforts by the Office of the Comptroller of the Currency (OCC) to establish national bank charters for financial technology companies. Noreika detailed his support for the efforts in remarks he made at …›

July 11, 2017 - Fintech

OCC Releases Semiannual Risk Perspective: Fintech is Risky?

Federal banking system risks remain a “top concern” for OCC. According to its Semiannual Risk Perspective report issued July 7, 2017, national banks and federal savings associations face strategic, credit, operational, and compliance risks. As fintech companies have begun to offer traditional bank …›

June 19, 2017 - Fintech

CFPB Proposes Changes to Prepaid Accounts Rule

The Consumer Financial Protection Bureau (CFPB) released proposed revisions to its final Prepaid Accounts Rule on June 15, 2017. The Final Rule was first published in November 2016 and later amended – delaying by six months its effective date to April 1, 2018. CFPB …›