PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. Acting Comptroller of the Currency Brian P.

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Office of the Comptroller of the Currency Stablecoins Fraud Prevention OCC 68

Fintech Finance

DECEMBER 9, 2024

Director, Payments and Cybersecurity at Toshiba Global Commerce Solutions Smitha Purohit, Director of Product, Blockchain, Crypto, and Digital Currencies at PayPal Stacy Armijo, Chief Experience Officer at Amplify Credit Union Stephanos Papadopoulos, Founder & Chief Executive Officer at Spatzia.eu Morgan Chase & Co.

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Office of the Comptroller of the Currency Financial Crimes BSA Cross-Border Payments 95

The Fintech Times

MARCH 6, 2024

The regulatory tides may be changing in the US, as the Office of the Comptroller of the Currency (OCC) suggests banks should be doing more to manage risks related to partnering with fintech firms. Rick Kuci, COO of FundKite “Unfortunately, many banks caused this risk issue for themselves.

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OCC FinTech Non-Bank Regulations 69

PYMNTS

SEPTEMBER 13, 2018

banking watchdog the Office of the Comptroller of the Currency (OCC) is facing a lawsuit, adding another setback to its struggling effort to provide FinTechs with national banking licenses. It is unclear whether a lawsuit against the OCC would be filed before a company applies for the OCC’s charter.

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OCC Office of the Comptroller of the Currency FinTech Legal 40

PYMNTS

NOVEMBER 25, 2020

In today’s top news in digital-first banking, Ukrainian financial institution UKRSIBBANK is collaborating with Sweden-based FinTech upstart Dreams, while Oportun Financial is pursuing a national bank charter with the Office of the Comptroller of the Currency (OCC). Ukrainian Bank Partners With Swedish FinTech.

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Office of the Comptroller of the Currency OCC FinTech Authorization 64

PYMNTS

MAY 6, 2019

District Court for the Southern District of New York, said the case can proceed, a ruling that denied a dismissal of the suit requested by the Office of the Comptroller of the Currency ( OCC ). The national licenses would let FinTechs lend money and paychecks to consumers.

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OCC Office of the Comptroller of the Currency FinTech Rules 66

PYMNTS

SEPTEMBER 21, 2020

21), Commerzbank recounted in a statement that the transactions detailed in the FinCEN files are “based entirely on reports made by Commerzbank to the responsible authorities, mainly in the period 2010 to 2016,” and that the bank had reached a settlement in 2015 to pay regulators about $1.5 In one example, reported on Monday (Sept.

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Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

MAY 29, 2017

According to reports, this trend has the federal Office of the Comptroller of the Currency (OCC) examining how to navigate regulation in the age of FinTech. The OCC also issued a draft licensing manual last March to help some FinTechs obtain a limited banking license.

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Regulations Office of the Comptroller of the Currency OCC FinTech 53

PYMNTS

SEPTEMBER 25, 2018

Office of the Comptroller of the Currency (OCC) has reignited that pressure. The OCC wants to offer a FinTech charter that would allow FinTechs to obtain a banking license and streamline their ability to operate across all 50 states.

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Office of the Comptroller of the Currency OCC FinTech API 51

PYMNTS

DECEMBER 10, 2018

Separately, but still within the scope of efforts from the Federal Reserve and the OCC, along with the FDIC, the agencies last week released a proposal that would increase the threshold of real estate transactions that require appraisal from $250,000 to $400,000.

Regulations 69

Regulations AML Office of the Comptroller of the Currency Money Laundering 69

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

PayPal 56

PayPal OCC Office of the Comptroller of the Currency Disputes 56

Fintech Finance

OCTOBER 11, 2024

TD Bank Group (“TD” or the “Bank”) (TSX: TD) (NYSE: TD) today announced that, following several years of active cooperation and engagement with authorities and regulators, it has reached a resolution of previously disclosed investigations related to its U.S. The Bank and certain of its U.S.

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AML BSA Money Laundering Financial Crimes 98

PYMNTS

NOVEMBER 4, 2020

In September, the Office of the Comptroller of the Currency (OCC) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins (those coins have to have a one-to-one relationship with a fiat currency).

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Bitcoin Cryptocurrency Office of the Comptroller of the Currency Consumer 83

PYMNTS

SEPTEMBER 18, 2018

The nation is forming a Direct FAST industry group, where the members will include traditional financial institutions (FIs), FinTech firms and the Monetary Authority of Singapore (MAS). The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets.

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Legal Office of the Comptroller of the Currency FinTech eWallet 66

PYMNTS

OCTOBER 24, 2019

The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would have given FinTechs a leg up on competing with traditional financial services companies. The ruling, too, said that “only depository institutions are able to receive national bank charters from OCC.”.

Legal 40

Legal Office of the Comptroller of the Currency OCC FinTech 40

Segpay

MARCH 24, 2025

The Australian Communications and Media Authority (ACMA) enforces gambling laws and can block illegal offshore gambling websites. Online Gambling (Casinos, Sports Betting, and Esports Betting) Strictly regulated under the Interactive Gambling Act 2001 (IGA) and state laws.

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Compliance Suspicious Activity Report (SAR) Fincen AML 71

PYMNTS

MARCH 15, 2019

She added that, last year, “federal regulators and authorities capped the bank’s growth, and fined the bank more than $3 billion for offenses, such as improperly charging customers auto insurance and mortgage fees.”. Waters questioned Sloan during a four-hour hearing on Tuesday (March 12) about Wells Fargo’s consumer abuse issues.

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Office of the Comptroller of the Currency OCC Caps Risk Management 43

PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ).

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Office of the Comptroller of the Currency Regulations Innovation OCC 40

FICO

DECEMBER 14, 2016

The Office of the Comptroller of Currency (OCC) will, for the first time, start granting banking licenses to fintech firms. Waiting for the EMV authorization can seem like forever. It’s great being a fintech start-up. VC funding! Foosball and free snacks! No regulations! One of those things is about to change.

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EMV FinTech Chip Cards Office of the Comptroller of the Currency 80

PYMNTS

FEBRUARY 15, 2019

Those agencies include the aforementioned FinCEN, the Federal Reserve , the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC). Embassy indicated that the funds were spent without proper documentation and authorization. “By

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BSA Credit Union Business Email Compromise Office of the Comptroller of the Currency 49

The Fintech Times

JULY 20, 2024

Additionally, firms must assess existing authorities for cloud service provider (CSP) oversight. authored collectively by the FSSCC Cloud Profile Workstream and the Cyber Risk Institute (CRI), is intended to serve as a cloud security implementation plan for financial institutions of all sizes and functions. Cloud Profile 2.0 (led

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Treasury FS-ISAC Consumer Financial Protection Bureau (CFPB) Due Diligence 59

PYMNTS

AUGUST 1, 2018

The report also asked Congress to amend the National Bank Act to authorize the Office of the Comptroller of the Currency (OCC) to issue a federal charter for non-bank financial companies.

Small Business 40

Small Business Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency CFPB 40

CB Insights

FEBRUARY 16, 2021

Smart contracts are self-executing contracts that exist on a blockchain network, without requiring any third party or central authority to enact it. Stablecoins also allow the use of smart financial contracts that can be enforceable over time.

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Stablecoins Multi-Currency Cryptocurrency Bitcoin 101

Clearly Payments

FEBRUARY 8, 2024

Office of the Comptroller of the Currency (OCC): As an independent bureau within the U.S. Department of the Treasury, the OCC supervises and regulates national banks and federal savings associations. It oversees compliance with federal banking laws, including those governing payments.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

PYMNTS

NOVEMBER 6, 2017

What falls out of this process, and what becomes useful to the industry at large, said Madhu, is certification.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

PYMNTS

OCTOBER 23, 2019

Office of the Comptroller of the Currency (OCC) does not have the power to grant national charters to financial technology (FinTech) companies, The Wall Street Journal reported on Tuesday (Oct. An increasing number of banks are swapping their own regulators in exchange for oversight by the OCC.

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OCC Rules Office of the Comptroller of the Currency FinTech 40

The Payments Association

MARCH 18, 2025

Regulatory guidance has reinforced banks hesitations, with agencies such as the Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the Currency (OCC) requiring extensive due diligence when working with crypto clients.

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Federal Reserve Stablecoins Fed Settlement 88

FICO

JULY 17, 2017

These include eliminating the proprietary trading restrictions of the ‘Volcker’ Rule, major changes to the Financial Stability Oversight Council and the diminished authority and independence of the Consumer Financial Protection Bureau (CFPB). There are even rumblings of serious work on housing finance reform.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency CFPB Financial Crimes 40

The Payments Association

JANUARY 31, 2025

the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’

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Stablecoins Office of the Comptroller of the Currency Treasury Regulations 88