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”
Category Archives: Crowdfunding
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””
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.”
Update on Fintech, Social Entrepreneurship and Special Purpose National Bank Charters for Fintech Companies.
Last month, Thomas J. Curry, Comptroller of the Currency gave remarks about Special Purpose National Bank Charters for Fintech Companies. You can read Mr. Curry’s remarks here. Mr. Curry announced that the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose national banks. Mr. Curry hadContinue reading “Update on Fintech, Social Entrepreneurship and Special Purpose National Bank Charters for Fintech Companies.”
Update on Community Development and Affordable Housing: Is an Answer Found in Social Enterprise?
Today the Community Development Financial Institutions Fund released its five year Strategic Plan If you are not familiar with the CDFI, the CDFI “works to spur economic growth and opportunity in many of our nation’s most distressed communities.“ “The CDFI Fund’s mission is to expand economic opportunity for underserved people and communities by supporting theContinue reading “Update on Community Development and Affordable Housing: Is an Answer Found in Social Enterprise?”
Small Business, Social Entrepreneurs and Crowdfunding
Just a few days ago I posted on the Michigan House Resolution supporting Equity Crowdfunding. This morning I read an article on CrowdfundInsider on the topic of financing for small businesses. Access to Capital: What are the Options for Small Company Finance? Candace Klein Chief Strategy Officer at DealStruck was Interviewed and talked about how small businessContinue reading “Small Business, Social Entrepreneurs and Crowdfunding”
Michigan Entrepreneurs and Start-ups: House Resolution Supports Crowdfunding for Start-up Businesses
On March 3, Representative Tom Barrett introduced House resolution 235 (HR 235). Today HR 235 was on the agenda for the Commerce and Trade Committee Meeting. HR 235 is a “resolution to support the United States Securities and Exchange Commission’s recent adoption of rules pursuant to Title III of the JOBS Act which are designed to facilitate small and start-upContinue reading “Michigan Entrepreneurs and Start-ups: House Resolution Supports Crowdfunding for Start-up Businesses”
Michigan Entrepreneurs: News and Info on Raising Capital and Crowdfunding
Good morning and Happy Monday! Entrepreneurs may want to take advantage of some free guidance provided by the State of Michigan. The State of Michigan’s Department of Licensing and Regulatory Affairs (LARA) announced today that it is hosting a workshop – “Understanding Your Options for Raising Capital in Michigan”. You can Register here The seminarContinue reading “Michigan Entrepreneurs: News and Info on Raising Capital and Crowdfunding”
Recent Crowdfunding Success a Good Sign for Social Entrepreneurs
Last week MIBiz reported a somewhat surprising result of the MEDC’s grant-matching initiative (Public Places Community Spaces Initiative). I wrote about this initiative in a prior post. The MIBiz article headline: “State-backed crowdfunding initiative hits 97% success rate in first year” This is an amazing success rate by any calculation As stated by Ebrahim Varachia, president and co-founderContinue reading “Recent Crowdfunding Success a Good Sign for Social Entrepreneurs”
Purpose Driven General Counsel 