The Special Purpose National Bank (SPNB) fintech charter plans championed by Curry have encountered strong opposition from U.S. state supervisors who want to protect their own existing policies that are in place to nurture innovation and protect consumers at the state level of government. The dispute reached crisis point late last month when the Conference of State Bank Supervisors (CSBS) filed a lawsuit in the U.S. district court of Columbia on 26 April, alleging that the OCC is over-stepping its authority in granting charter status to non-banks.

http://www.cnbc.com/2017/05/04/us-fintech-charter-imperiled-as-curry-leaves.html