The Scale team understands that the fintech industry is built on partnerships. For a fintech, finding the right bank or credit union partner can accelerate the path to product launch. For a financial institution, offering banking as a service can expand product offerings and create new revenue streams. An experienced and dynamic legal team is the key to any bank partnership journey.
From evaluating potential partners and their offerings to negotiating the partnership agreement and drafting policies, and throughout the lifecycle of the initiatives launched with the partner bank, Scale helps fintechs and banks achieve the desired goals of the partnership and manage the associated risks.
For example, we have expertise on:
The Scale team understands that the fintech industry is built on partnerships. Our team has served as in-house counsel at banks and fintechs across a variety of different financial products — including lending, real estate alternative financing, and mobile payments. We bring a nimble mindset and are adept at spotting growth opportunities for clients.
OCC Bulletin Offers Guidance on Venture Lending
In the wake of the Silicon Valley Bank crisis and other incidents of banking distress last year, new participants continue to enter the venture debt market — resulting in the formation of new banking relationships. Accordingly, the Office of the Comptroller of the Currency (“OCC”) issued Bulletin 2023-34 (the “Bulletin”) to address what it sees as “heightened uncertainty” created by these developments.
California’s New Small Business Commercial Financing Regulations
The goal of S.B. 666 is to protect small business borrowers by restricting the types of fees they may be charged by brokers or providers of certain business loans.3 In this article, we address key issues arising under S.B. 666 for both borrowers and lenders.
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