FDIC Non-Bank Office of the Comptroller of the Currency 
PYMNTS
SEPTEMBER 30, 2020
House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We FDIC), the states and the courts.
PYMNTS
NOVEMBER 23, 2020
Blockchain and a bank charter might do much to boost financial inclusion. Figure Pay, he said, is not built on traditional banking structures but “is a blockchain rail and a digital wallet that we think is infinitely more cost-efficient.”.
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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. But Federal Deposit Insurance Corporation (FDIC) coverage — which protects deposits — proved a sticking point this week.
Global Fintech & Digital Assets
JANUARY 12, 2024
A recent bipartisan bill, if enacted, would particularly benefit small lenders and bank-fintech partnerships by promoting transparency, appellate rights, and examiner accountability. They are generally aligned with its goal to make the banking examination process fairer and envision that it will strengthen the financial system.
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.
PYMNTS
OCTOBER 11, 2017
Fulmer said that most players don’t even object to more competition from banks and applaud regulatory clarity that would allow them to compete in the market. There should be vying for the consumer’s business under the same rules and regulations that non-depository providers operate under,” Fulmer noted in an interview with PYMNTS.
PYMNTS
OCTOBER 26, 2018
Wearables also got a B2B showcase this week, with Samsung and HSBC rolling out S3 gear at the bank’s flagship Fifth Avenue location. Voice assistants are popular with wearables owners, with over 20 percent reporting having one as opposed to non-wearables, where smart speaker penetration is still under 10 percent.
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