Payments Source

SEPTEMBER 19, 2018

The Office of the Comptroller of the Currency has been taking the lead on a federal license for fintech firms, but the central bank will decide if such companies can access the payments system and other benefits.

Office of the Comptroller of the Currency 63

Office of the Comptroller of the Currency Fed FinTech Central Bank 63

PYMNTS

NOVEMBER 4, 2020

There are indications that the banking world is increasingly getting its arms around crypto. Morgan said it established Onyx , a new business unit dedicated to blockchain and digital currencies. The banking giant said that for the first time it has a paying client for its JPM Coin, its own stablecoin offering.

Bitcoin 83

Bitcoin Cryptocurrency Office of the Comptroller of the Currency Consumer 83

Finovate

APRIL 10, 2024

The funds will accelerate bunq’s development strategy, as well as ensure that the company satisfies Dutch Central Bank capital requirements. The digital bank has credited interest income for its profitability, not just in 2023, but in 2022, as well. Office of the Comptroller of the Currency (OCC).

Office of the Comptroller of the Currency 69

Office of the Comptroller of the Currency OCC FDIC AI 69

PYMNTS

JANUARY 11, 2019

“While the effects of the federal government shutdown on individuals should be temporary, affected borrowers may face a temporary hardship in making payments on debts such as mortgages, student loans, car loans, business loans or credit cards,” the central bank said.

Shutdown 55

Shutdown Office of the Comptroller of the Currency Federal Reserve Regulations 55

PYMNTS

DECEMBER 24, 2020

Part of that “priming the pump” (that’s our term) for mainstream acceptance involves giving banks at least some stake in conducting traditional financial activities. Blockchain is taking root as the underlying infrastructure of digital currency issuance, and a broad swath of central banks are examining issuing digital fiat.

Federal Reserve 103

Federal Reserve Bitcoin Cryptocurrency Office of the Comptroller of the Currency 103

PYMNTS

JANUARY 15, 2019

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

Fed 59

Fed Cross-Border FinTech Office of the Comptroller of the Currency 59

PYMNTS

JANUARY 24, 2020

million for his role in a scandal at Wells Fargo involving millions of fake accounts created to meet the bank’s sales quotas. The Office of the Comptroller of the Currency (OCC) is putting together “ so-called notices of charges ” against 10 people, although settlements could be extended to some, sources have said.

Online and Mobile Banking 60

Online and Mobile Banking Office of the Comptroller of the Currency Central Bank OCC 60