Michele Alt

Uh, the next story, Mission Lane got their conditional OCC approval on September 25th for a credit card bank charter, um, which known as a CEBA charter, which covers card operations only.

Michelle Alt at the Claros Group, who worked on the application, told Banking Dive it's the first new OCC-regulated credit card bank in more than 20 years.

So the conditions, 35 million in paid in capital within 12 months and a tier-one leverage ratio of at least 11% for the first three years.

Uh, FDIC insurance is still pending.