PYMNTS

OCTOBER 26, 2018

More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business. Reports in Reuters on Thursday (Oct.

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Office of the Comptroller of the Currency OCC Regs Blocks 62

PYMNTS

MAY 3, 2019

According to a report in MarketWatch citing court proceedings, Manhattan Federal Judge Victor Marrero ruled Thursday (May 3) the New York State Department of Financial Services can move forward with its lawsuit against the Office of Comptroller of the Currency. The OCC licenses would allow FinTechs to lend money and pay checks nationally.

OCC 62

OCC FinTech Rules Regulations 62

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. Nearly four years on, little progress has been made — and now there’s a significant stumbling block. Lights out for the FinTech charter idea?

Legal 40

Legal Office of the Comptroller of the Currency OCC FinTech 40

PYMNTS

OCTOBER 11, 2017

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. Payday lenders have exploited loophole after loophole to trap working people in debt, and this rule will help put an end to their abusive practices.”.

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Rules CFPB NCUA Credit Union 43

Segpay

MARCH 24, 2025

KYC & Customer Due Diligence (CDD) Australia: Risk-based approach, with minimum KYC checks under the AML/CTF Rules. USA: More prescriptive Customer Identification Program (CIP) rules, requiring standardized ID verification and risk-based CDD measures. Strict ID verification under state gaming laws and FinCEN rules.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

PYMNTS

OCTOBER 25, 2019

Court Rules Only ‘Depository Institutions’ Eligible For OCC’s Bank Charters. 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. What’s in store for the 2020s ? The 2018 South Dakota v.

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency Innovation Online and Mobile Banking Void 40

PYMNTS

SEPTEMBER 12, 2017

One week ago, the CFPB’s arbitration rule seemed more or less doomed to the scrap heap of financial regulatory history. The Comptroller of the Currency formally requested that the CFPB halt implementation of the rule while the OCC reviewed its effect on the banking industry. The Abbreviated History Of The Arbitration Rule.

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CFPB Rules Breach Disputes 47