PYMNTS

OCTOBER 26, 2018

Moody’s said in its latest reading of the “pulse of the consumer” that in viewing the charge-off rate, growth had slowed among the largest U.S. Expedia Group Chief Executive Mark Okerstrom said the startups provide managers and owners of buildings with “control and transparency” when it comes to short-term rentals.

Cryptocurrency 75

Cryptocurrency Office of the Comptroller of the Currency Regs OCC 75

Fintech Finance

DECEMBER 9, 2024

AGENDA HIGHLIGHTS: The Next Generation of Payments Enhancing Convenient and Secure Access to Financial Services The Next Digital Revolution Global Mobile Wallets and Super-apps Blockchain and Cryptocurrency Adoption Cross-Border Payment Innovations The Future of Financial Crime Levels of Connection – 2.0 Morgan Chase & Co.

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

PYMNTS

OCTOBER 8, 2020

The move comes as federal regulatory agencies urge banks and other lenders to pony up small loans to consumers to help them navigate the coronavirus-driven downturn. In March, five federal regulatory agencies — the Federal Reserve’s Board of Governors, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corp.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Consumer FDIC 52

PYMNTS

MARCH 30, 2020

and the Office of the Comptroller of the Currency — are all on board with using the “new methodology for measuring counterparty credit risk in derivatives transactions.”. Financial institutions now have two more years before converting to CECL. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

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Office of the Comptroller of the Currency Rules Federal Reserve FDIC 66

PYMNTS

MARCH 29, 2020

New loan requirements are being put into place, such as boosting income verification, lowering available credit on new cards and going after consumers with higher credit limits. National Credit Union Administration and Office of the Comptroller of the Currency — have asked lenders to extend loans to individuals and small businesses.

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Office of the Comptroller of the Currency Small Business Shutdown Credit Union 79

PYMNTS

MAY 17, 2018

There is no evidence that any data involved creating fictitious accounts for retail consumers, as was the case in the scandal from about two years ago. The bank reportedly has told the federal Office of the Comptroller of the Currency about the problem in the wholesale unit. The bank’s shares were down about 1.8

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Office of the Comptroller of the Currency Federal Reserve Money Laundering Regulations 58

PYMNTS

JANUARY 21, 2021

Former Ripple advisor and Treasury Department official Michael Barr is anticipated to head the Office of the Comptroller of the Currency (OCC) under President Joe Biden. Biden Asks Consumer Protection Chief Kraninger To Step Down. Plus, the chief of the CFPB stepped down at Biden’s request. 20) at the request of U.S.

OCC 72

OCC Consumer Financial Protection Bureau (CFPB) Treasury Office of the Comptroller of the Currency 72

PYMNTS

NOVEMBER 1, 2020

Acting Comptroller Brian Brooks , speaking on a podcast recently, said banks in the U.S. were exploring ways to adopt crypto after the Office of the Comptroller of the Currency (OCC) made a decision over the summer letting banks provide custody of crypto.

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Office of the Comptroller of the Currency Bitcoin OCC Accreditation 84

PYMNTS

SEPTEMBER 14, 2018

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government.

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Office of the Comptroller of the Currency OCC FinTech Regulations 69

PYMNTS

JANUARY 24, 2020

The Department of Justice is investigating if executives kept important details about the fake accounts from the bank’s board of directors, as well as the Office of the Comptroller of the Currency (OCC). In addition, the Department of Labor is looking into the bank over how it reacted to whistleblower complaints.

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Continuity Office of the Comptroller of the Currency OCC Federal Reserve 72

PYMNTS

MARCH 11, 2020

The Majority Staff report investigated Wells Fargo’s compliance with five consent orders that directed the board and management “to clean up the systemic weaknesses that led to widespread consumer abuses and compliance breakdowns.” . The report also said investigations showed that the “attitudes and failures on the part of Ms.

Consumer Financial Protection Bureau (CFPB) 76

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency CFPB Compliance 76

PYMNTS

MARCH 10, 2020

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Cincinnati-based Fifth Third Bancorp alleging that employees opened accounts for customers without their consent in an effort to reach sales targets, according to reports on Tuesday (March 10). The CFPB filed a complaint with the U.S.

CFPB 67

CFPB Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Accounts 67

PYMNTS

NOVEMBER 23, 2020

The Office of the Comptroller of the Currency ( OCC ) has proposed personal banking regulations intended to level the playing field. . percent of consumers surveyed reported that their primary bank is a digital-only bank (4.2 percent) or PayPal (3.2 percent). .

OCC 68

OCC Office of the Comptroller of the Currency Risk Assessment Assessments 68

PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. consumers, for nonexistent, high-end goods, such as cars, according to the release.

Money Laundering 52

Money Laundering Office of the Comptroller of the Currency OCC Online and Mobile Banking 52

PYMNTS

APRIL 10, 2017

banks, the Office of the Comptroller of the Currency, removed Wells Fargo’s most senior bank examiner, people familiar with the matter told Reuters. Those consumers then racked up annual fees and other charges on cards about which they knew nothing. The lead regulator for U.S.

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Office of the Comptroller of the Currency Regulations OCC Settlement 40

FICO

DECEMBER 19, 2016

The good news is that businesses and consumers are also much more aware of cyber threats than they were 12 months ago, and that’s the jumping off point of my cybersecurity predictions for 2017. Consumers will care a lot more about the security of the companies they do business with. That’s the bad news.

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Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

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

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. Noreika, acting Comptroller of the Currency, in a statement. Amid these fluctuations, the U.S.

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OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

PYMNTS

JULY 1, 2020

Staying home 24/7 has consumers turning to subscription services for both entertainment and their day-to-day needs. million consumers are looking to cancel their subscriptions because of friction and cost concerns. NEW DATA: The Five Subscription Features That Could Keep Millions From Clicking ‘Cancel’.

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Office of the Comptroller of the Currency Payment APIs and Integration OCC B2B 52

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

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). The pandemic has heightened risks for pretty much everyone, including U.S.

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OCC Compliance Risk Office of the Comptroller of the Currency 66

PYMNTS

FEBRUARY 24, 2020

The move also means that, as LendingClub had applied for bank charters in the past (with the Office of the Comptroller of the Currency), it decided to buy its way into deposits and checking. Goldman Sachs also seeks to double consumer deposits from a current $60 billion to $125 billion within five years.

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Office of the Comptroller of the Currency Checks Origination API 97

PYMNTS

MARCH 26, 2020

Five federal financial regulatory agencies are encouraging banks, savings associations and credit unions to offer small loans to consumers and small businesses in response to the coronavirus pandemic.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Credit Union FDIC 52

PYMNTS

JANUARY 11, 2019

The statement was issued by the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, the National Credit Union Administration and the Conference of State Bank Supervisors.

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

PYMNTS

FEBRUARY 21, 2020

Former CEO Timothy Sloan has also been interviewed as part of the federal investigations, which began in 2016 following the bank’s $185 million settlement with the Consumer Financial Protection Bureau, Office of the Comptroller of the Currency and the LA City Attorney.

Settlement 52

Settlement Office of the Comptroller of the Currency Accounts Regulations 52

PYMNTS

MARCH 9, 2020

Waters said the two also did not follow legal orders with the Consumer Financial Protection Bureau (CFPB), Federal Reserve Board and Office of the Comptroller of the Currency (OCC). Committee Chair Maxine Waters (D-Calif.)

Consumer Financial Protection Bureau (CFPB) 57

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 57

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. Judge Victor Marrero, presiding over the U.S.

OCC 66

OCC Office of the Comptroller of the Currency FinTech Rules 66

PYMNTS

APRIL 30, 2019

The Office of the Comptroller of the Currency (OCC) announced it has opened a 45-day public comment period on its proposed Innovation Pilot Program. The program’s objectives include supporting responsible innovation within the U.S.

OCC 51

OCC Office of the Comptroller of the Currency Innovation Regulations 51

PYMNTS

NOVEMBER 23, 2020

As Cagney explained, underbanked consumers tend to have relatively thin credit files or lack credit histories entirely. Figure, he added, will enable FIs to originate more loans to consumers amid a generally tightening credit environment, which in turn will foster financial inclusion. The Charter Advantage .

Financial Inclusion 86

Financial Inclusion Office of the Comptroller of the Currency Blockchain OCC 86

PYMNTS

JANUARY 24, 2020

The Department of Justice is investigating if executives kept important details about the fake accounts from the bank’s board of directors, as well as the Office of the Comptroller of the Currency (OCC). In addition, the Department of Labor is looking into the bank over how it reacted to whistleblower complaints.

Office of the Comptroller of the Currency 52

Office of the Comptroller of the Currency Continuity OCC Federal Reserve 52

PYMNTS

JUNE 6, 2018

After reviewing sales practices at more than 40 large and mid-sized banks, the Office of the Comptroller of the Currency (OCC) found multiple systemic issues, along with hundreds of problems at individual banks.

OCC 52

OCC Office of the Comptroller of the Currency Settlement Agreements 52

PYMNTS

MAY 17, 2018

There is no evidence that any data involved creating fictitious accounts for retail consumers, as was the case in the scandal from about two years ago. The bank reportedly has told the federal Office of the Comptroller of the Currency about the problem in the wholesale unit. The bank’s shares were down about 1.8

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency Federal Reserve Money Laundering Regulations 40

PYMNTS

NOVEMBER 23, 2018

In June, Wells Fargo submitted a plan to regulators as part of a $1 billion settlement it reached with the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC). Wells Fargo is trying to avoid compensating all of the 600,000 drivers affected by its auto loan scandal.

Consumer Financial Protection Bureau (CFPB) 49

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 49

PYMNTS

SEPTEMBER 18, 2018

The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets. 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).

Legal 66

Legal Office of the Comptroller of the Currency FinTech eWallet 66

PYMNTS

MARCH 26, 2018

The latest changes come as probes into the company’s actions continue, with people familiar with the matter telling The Wall Street Journal that the Office of the Comptroller of the Currency is close to finalizing its own action against the bank. The Fed has never before placed limits on how large a company can grow.

Risk Management 40

Risk Management Office of the Comptroller of the Currency Risk Process 40

PYMNTS

JUNE 8, 2016

June’s Faster Payments Tracker™ features an inside look at how the Office of the Comptroller of the Currency, a member of the Fed’s Faster Payments Taskforce, is facilitating the country’s transition to an economy of rapid transactions. Consumer demand for efficiency was also evidenced by a report from the U.S.

Faster Payments 41

Faster Payments Office of the Comptroller of the Currency NACHA Direct Deposit 41

PYMNTS

APRIL 13, 2018

The CFPB [Consumer Financial Protection Bureau] and OCC [Office of the Comptroller of the Currency] have collectively offered to resolve for an aggregate of $1bn in civil money penalties,” the bank said. “At million potentially unauthorized consumer and small business accounts.”.

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Office of the Comptroller of the Currency OCC CFPB Account Analysis 46