Finovate

APRIL 10, 2024

Office of the Comptroller of the Currency (OCC). Bunq withdrew its application earlier this year citing issues between Dutch regulators, the OCC, and the Federal Deposit Insurance Corporation (FDIC). ” That said, it has not been easy for financial institutions outside the U.S.

Office of the Comptroller of the Currency 69

Office of the Comptroller of the Currency OCC FDIC AI 69

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.

OCC 69

OCC FinTech Non-Bank Regulations 69

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. This would be the first boost in 25 years.

Regulations 69

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

PYMNTS

SEPTEMBER 21, 2020

Separately, last month, five federal regulatory agencies – including the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC) – issued a joint statement designed to address questions (..)

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

MAY 24, 2018

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit.

OCC 40

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

PYMNTS

DECEMBER 3, 2019

The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), FinCEN , the OCC and the Conference of State Bank Supervisors participated in issuing the definitions and guidelines. Banks no longer have to submit a suspicious activity report (SAR) just because a business is growing or cultivating hemp.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

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.

Legal 40

Legal Office of the Comptroller of the Currency OCC FinTech 40

PYMNTS

JANUARY 13, 2021

FDIC) and the Treasury Department have reportedly launched an inquiry into American Express Co. Other sources said the Office of the Comptroller of the Currency (OCC) is also looking into the matter. Other sources said the Office of the Comptroller of the Currency (OCC) is also looking into the matter.

Office of the Comptroller of the Currency 66

Office of the Comptroller of the Currency Commercial Card Credit Cards Small Business 66

PYMNTS

NOVEMBER 23, 2020

In terms of mechanics, he explained, having a national bank charter in hand from the OCC means Figure will not have to obtain licenses to provide financial services on a state-by-state basis, but instead will be enabled to deliver its offerings on a nationwide basis while tailoring its compliance to the mandates of the OCC as sole regulator.

Financial Inclusion 86

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

PYMNTS

APRIL 29, 2019

FIS, Fiserv or Infosys will be tapped to provide the processing software for Robinhood’s upcoming mobile bank if it receives approval from the Office of the Comptroller of the Currency. retail consumers,” it says in its application to the OCC, according to the report.

Office of the Comptroller of the Currency 45

Office of the Comptroller of the Currency Online and Mobile Banking OCC FDIC 45

Innovative Payments Association

FEBRUARY 24, 2025

At the FDIC, former Vice Chairman Travis Hill was appointed Acting Director on Jan. But that did not lead to him being nominated for the comptroller position. He previously served on the FDIC Board. If confirmed, he will return to the FDIC board, along with the Comptroller.

Consumer Financial Protection Bureau (CFPB) 40

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

PYMNTS

NOVEMBER 23, 2017

22) report by American Banker , New York Venture Bank, which will be headquartered in New York, needs the nod of the Office of the Comptroller of the Currency (OCC) before it can launch operations. FDIC), the news report noted the new bank will begin with $100 million in capital. According to a Wednesday (Nov.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FDIC Federal Reserve 40

Global Fintech & Digital Assets

JANUARY 12, 2024

Endnotes [1] The FFIEC members are the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Consumer Financial Protection Bureau (CFPB), the National Credit Union Administration (NCUA), and the State Liaison Committee. [2]

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

Segpay

MARCH 24, 2025

Here’s a global comparison: Regulatory Frameworks & Key Agencies Australia United States Primary AML Law Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) Bank Secrecy Act (BSA), USA PATRIOT Act Regulatory Body AUSTRAC (Australian Transaction Reports and Analysis Centre) FinCEN (Financial Crimes Enforcement Network) (..)

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

PYMNTS

DECEMBER 18, 2018

Those agencies include the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

AML 61

AML Compliance Money Laundering Office of the Comptroller of the Currency 61

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 ).

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency Regulations Innovation OCC 40

PYMNTS

DECEMBER 14, 2018

Among those agencies, alphabetically speaking: the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

Financial Crimes 59

Financial Crimes Crime Fincen Office of the Comptroller of the Currency 59

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).

BSA 49

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

PYMNTS

FEBRUARY 19, 2019

The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. Earlier this month, the Federal Reserve released new data that found the average merger review time for deals in the banking sector declined to 3.8

Fed 43

Fed Federal Reserve Office of the Comptroller of the Currency OCC 43

PYMNTS

OCTOBER 11, 2017

There’s the OCC for national banks; for small state there is the FDIC; medium banks have the Fed and there is NCUA for credit unions. The Federal Deposit Insurance Corporation’s (FDIC) chairman’s term will come to an end next month, and it’s likely no new guidance will come from there until his permanent replacement is in office.

Rules 43

Rules CFPB NCUA Credit Union 43

PYMNTS

NOVEMBER 20, 2020

In a July interview with the Financial Times , acting head of the Office of the Comptroller of the Currency (OCC) Brian Brooks said banks should not use the pandemic as a reason to close branches permanently. Officially the regulatory powers that govern banking aren’t on board with this switch.

Office of the Comptroller of the Currency 88

Office of the Comptroller of the Currency Online and Mobile Banking OCC Federal Reserve 88

PYMNTS

AUGUST 29, 2018

The Office of the Comptroller of the Currency is aiming to rewrite the 1977 Community Reinvestment Act, which is designed to encourage bank lending in low-income areas. Overseeing the Community Reinvestment Act is the shared responsibility of the OCC, Federal Deposit Insurance Corp., and Federal Reserve.

OCC 40

OCC Office of the Comptroller of the Currency Process Federal Reserve 40

PYMNTS

OCTOBER 31, 2017

If the Office of the Comptroller of the Currency (OCC)’s idea is approved, it means the government watchdog can treat Wells Fargo and other big banks with more leniency if they are hit with sanctions down the road. In another, the OCC would approve the payout to exiting employees without needing additional FDIC approval.

OCC 40

OCC Office of the Comptroller of the Currency FDIC Rules 40

PYMNTS

NOVEMBER 17, 2017

If the idea by the Office of the Comptroller of the Currency (OCC) is approved, it means the government watchdog can treat Wells Fargo and other big banks with more leniency if they are hit with sanctions down the road.

OCC 40

OCC Office of the Comptroller of the Currency FDIC Regulations 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.

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88

FICO

JULY 17, 2017

We have already seen new leaders at the Federal Communication Commission (FCC) and the Securities Exchange Commission (SEC), while the President has recently nominated a new head of the Office of the Comptroller of the Currency (OCC).

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) CFPB Office of the Comptroller of the Currency 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.,’

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury Regulations 88