There is uncertainty surrounding the OCC fintech charter because the Fed is rumored to not fully support the idea; that now puts the industrial loan charter back in focus as another option for non banks and fintech firms; Square’s application is seen as the test case, if approved you might start seeing more companies apply; there has been a few applications in the last couple of years, but all withdrew to bolster their applications and only Square has refiled; the ILC charter comes with its own issues and there has not been an approval in a long time; until the Fed provides clarity fintech firms will continue to explore their options as they try to access the banking system. Source.