Fintech Charters No More?

Good morning, all. It is Tuesday in Grand Rapids. Just last week I was in Belgium and snapped some photos of the beautiful city of Ghent, here is one of my favorite. Last year I posted that the Office of the Comptroller of the Currency (OCC) announced it will begin accepting applications for national bankContinue reading “Fintech Charters No More?”

Today OCC Begins Accepting National Bank Charter Applications From FinTech Companies

It’s Tuesday in Grand Rapids. Beautiful mid-70s, a bit overcast and if you look carefully you can see the reflection of my shirt as I took the photo from my office window… Today, the Office of the Comptroller of the Currency (OCC) announced it will begin accepting applications for national bank charters from fintech companies.Continue reading “Today OCC Begins Accepting National Bank Charter Applications From FinTech Companies”

Michigan Behind the Ball with Benefit Corporation Laws.

Good afternoon, all. It has been a while since my last post – I hope you all have been enjoying the summer. I usually include in these posts a recent photo of downtown Grand Rapids where my office overlooks Rosa Parks Circle.  On one of my walks downtown last week I decided to take aContinue reading “Michigan Behind the Ball with Benefit Corporation Laws.”

My Thoughts on Social Enterprise: Am I Living Each Day with Conviction and Purpose?

Last week I mowed the lawn for the first time this year. I didn’t have any gas to fill up the mower, so I just relied on the unknown amount of gas that had been in the mower over the winter. As I was mowing the back yard, the largest portion of my lawn, IContinue reading “My Thoughts on Social Enterprise: Am I Living Each Day with Conviction and Purpose?”

Michigan is Back Trending Towards Social Entrepreneurship: April 24, 2018 Benefit Corporation Legislation Proposed.

Good morning! Downtown Grand Rapids is starting to look and feel like spring. The trees are just starting to get their leaves – I can’t wait for West Michigan to become green once again. Speaking of new life – the legislature has breathed new life in the possibility of benefit corporations (“Bcorps”) becoming a viableContinue reading “Michigan is Back Trending Towards Social Entrepreneurship: April 24, 2018 Benefit Corporation Legislation Proposed.”

Fintech Startup “Lemonade” Latest $120 Million Round of Funding – Following Through on Its Purpose Driven Mission.

“The key to disrupting a billion-dollar industry is ‘ignorance”  check out this recent article on “Lemonade” via BusinessInsider   In the past I have posted on Fintech Companies – and highlighted a few. One of those in particular is “Lemonade” a disrupter in the urban rental and home insurance industry.  Check out an update onContinue reading “Fintech Startup “Lemonade” Latest $120 Million Round of Funding – Following Through on Its Purpose Driven Mission.”

OCC’s Remarks on Fintech Charter – “A Work in Progress”

It is already, Thursday. It has been a hectic week so far, so I thought I would include a photo I took of more peaceful and serene moments – Michigan’s Upper Peninsula. Beautiful… Back to the issue at hand, Today, Keith A. Noreika, Acting Comptroller of the Currency gave remarks concerning Fintech Companies at GeorgetownContinue reading “OCC’s Remarks on Fintech Charter – “A Work in Progress””

OCC’s Remarks on Fintech Charter and a “Conversation about Financial Innovation and Fintech”

Today, Keith A. Noreika, Acting Comptroller of the Currency gave remarks encompassing the topic of Responsible Financial Innovation and Fintech Companies. You can read Mr. Noreika’s remarks here. All the excitement surrounding fintech companies reminds me of something that gets me excited – college football, particularly Michigan State Spartan Football (thus, a photo from oneContinue reading “OCC’s Remarks on Fintech Charter and a “Conversation about Financial Innovation and Fintech””

Fintech Company “Lemonade” Following Through on Its Purpose Driven Mission.

In the past I have posted on Fintech Companies – and highlighted a few – namely Lemonade.  Below is an update on some exciting things Lemonade is doing.   But as a threshold matter: What is Fintech?   According to FinTech Weekly: Financial technology, also known as FinTech, is a line of business based onContinue reading “Fintech Company “Lemonade” Following Through on Its Purpose Driven Mission.”

Michigan Entrepreneurs and Small Businesses: Crowdfunding Law Update.

Last year  Representative Tom Barrett introduced House resolution 235 (HR 235) “to support the (SEC)’s recent adoption of rules…to facilitate small and start-up companies’ access to capital raised through crowdfunding.” The resolution supports crowdfunding as viable tools for start-up businesses. The resolution acknowledges: “Businesses in Michigan have greatly benefited from the opportunities created by the…Michigan Invests Locally ExemptionContinue reading “Michigan Entrepreneurs and Small Businesses: Crowdfunding Law Update.”