PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

Financial Inclusion

PYMNTS

AUGUST 7, 2019

Regulatory efforts through the Office of the Comptroller of the Currency aim to connect FinTechs with the opportunity to apply for a national bank charter, an initiative that has been met with criticism and legal action. may not be taking a regulatory stance on Open Banking, but the same cannot be said for payments.

Office of the Comptroller of the Currency

Segpay

MARCH 24, 2025

Before addressing gaming and gambling regulations, let’s take a helicopter view at the regulatory frameworks that regulate the payments industry. What are the Implications for Payment Companies (PSPs, PayFacs, etc)? The UIGEA (2006) prohibits financial institutions from processing payments for unlicensed online gambling.

Compliance

PYMNTS

DECEMBER 18, 2018

Now comes a comic book contribution to one of the most vexing and vital issues of modern payments and commerce — fraud prevention and ID compliance. Trulioo , which sells identity verification services, said on Tuesday (Dec. 18) that is has released a free comic and coloring book entitled “ The Adventures of ID Man and Compliance Kid.”.

AML

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. The report said that 2013 FDIC and OCC guidance eliminated the ability of banks to offer a viable alternative to compete with payday lending.

OCC

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

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, separate reports revealed that MOXY Bank has been approved by the Federal Deposit Insurance Corporation (FDIC) to launch in Washington, D.C.,

Fed

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. “Tighter scrutiny and increased examination are likely and the fintech should focus on strong compliance management practices.”

OCC

PYMNTS

OCTOBER 26, 2018

A sizzle in its own right – and also possibly a sizzle within a sizzle for payments and commerce players who may stand to see their boats lifted by wearables’ rising tide. But for that really big sizzle, look for a tighter tie between the devices and payments and commerce, to better tap into the commerce enthusiasm of their wearers.

Office of the Comptroller of the Currency

PYMNTS

OCTOBER 11, 2017

The CFPB took a strong step today to protect consumers from harmful, single-payment payday and auto title loans,” said Nick Bourke, director of The Pew Charitable Trusts’ consumer finance project. . 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.

Rules

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. “And the branches of the future need to be more advice centers than locations where transactions take place.”.

Office of the Comptroller of the Currency

The Payments Association

MARCH 18, 2025

The Feds crypto pivot: Unlocking banking access and its impact on payments 18 March 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The Federal Reserves shift on crypto banking access could impact payments, stablecoins, and digital assets. Why is it important? What’s next?

Federal Reserve

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