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Atlanta Partner Jim McAlpin was quoted Aug. 1 by The Financial Brand regarding the new fintech charter, which was recently approved by U.S. regulators and allows certain fintech companies to obtain charters as non-depository federal banks. The charter gives non-banks an avenue that potentially could threaten traditional banking providers. McAlpin said he’s had lots of talks with fintech players, but that their appetite for such charters as non-depository banks is small. He said he doesn’t expect any significant developments for a while, although some firms may go for the charters, in time. “It will be interesting to see how they evolve,” he added, “to see what kind of entities they become.” Click here to read the full article.

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