PYMNTS

MARCH 30, 2020

Bank regulators have rolled back the Jan. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp. 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.”.

Office of the Comptroller of the Currency 66

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

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.

Suspicious Activity Report (SAR) 55

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

PYMNTS

SEPTEMBER 21, 2020

The reality of the global financial system is that there will always be attempts to launder money and evade sanctions; the responsibility of banks is to build effective screening and monitoring systems, and we work closely with regulators and law enforcement to bring perpetrators to justice.”. In one example, reported on Monday (Sept.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) SARS 139

PYMNTS

JANUARY 25, 2019

For big bank loans taken out before April of 2018, prospects of repayment are good, federal banking regulators said on Friday (Jan. However, the portion of loans owed by strongly leveraged borrowers is still high. Reuters reported that the U.S.

FDIC 43

FDIC OCC Office of the Comptroller of the Currency Risk 43

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). To this end, the institution noted that it plans to resubmit its application for a banking license with the U.S.

Office of the Comptroller of the Currency 69

Office of the Comptroller of the Currency OCC FDIC AI 69

PYMNTS

MARCH 26, 2020

FDIC), National Credit Union Administration and Office of the Comptroller of the Currency said small-dollar loans can play a key role in meeting credit needs because of temporary cash flow problems, unexpected expenses or loss of income during this period of economic stress.

Consumer Financial Protection Bureau (CFPB) 52

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

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

OCTOBER 8, 2020

FDIC), National Credit Union Administration and Office of the Comptroller of the Currency — urged bankers to begin offering such small-dollar loans to help consumers deal with temporary cash flow problems.

Consumer Financial Protection Bureau (CFPB) 52

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

Segpay

MARCH 24, 2025

By comparing the Australian legal e-gaming and e-gambling landscape with that of the USA, we want to make it easier to understand for our readers who are familiar with US regulations. Before addressing gaming and gambling regulations, let’s take a helicopter view at the regulatory frameworks that regulate the payments industry.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

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

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

APRIL 7, 2016

.” “As an industry, there’s not one specific issue we’re particularly worried about — the space is already heavily regulated, with borrower protections on one side and securities rules on the other,” said Sam Hodges, cofounder and U.S. Specific regulation [for the marketplace lenders] could be a healthy thing.”.

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency FDIC CFPB Regulations 40

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

DECEMBER 18, 2018

We hope this comic book helps illustrate the importance of regulations and compliance professionals around the globe.”. Europe’s General Data Protection Regulation , or GDPR, which, of course, is having a global impact. Indeed, education in general is important to increased online security, privacy and fraud prevention efforts.

AML 61

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

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. Robinhood ran into trouble with regulators and was forced to remove all material on the product from its website.

Office of the Comptroller of the Currency 45

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

PYMNTS

AUGUST 7, 2019

regulations have not only mandated traditional FIs to open customer data to third-party FinTechs on the authorization of joint customers, the regulatory landscape has also encouraged greater competition in the small business banking space, giving rise to a flock of challenger banks. market is not like others across the globe.

Office of the Comptroller of the Currency 72

Office of the Comptroller of the Currency Payment APIs and Integration Federal Reserve Small Business 72

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 guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported.

OCC 40

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

Global Fintech & Digital Assets

JANUARY 12, 2024

Long , Parag Patel , Barrie VanBrackle , Pia Naib , and Deric Behar On December 14, 2023, a bipartisan group of senators introduced the Fair Audits and Inspections for Regulators’ Exams Act (FAIR Exams Act), which seeks to increase transparency in the bank examination process. By Arthur S.

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

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

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. “The onus is on the bank and fintech company to manage risk, but equally important that regulators assess risk effectively.

OCC 69

OCC FinTech Non-Bank Regulations 69

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. Reports said Powell noted that looser community bank regulations may help keep branches open. months in the first half of 2018, from 5.6

Fed 43

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

PYMNTS

OCTOBER 11, 2017

No one will argue the point that regulation is not necessary or that abuses don’t happen. Reading through the collective reactions of the financial services ecosystem over the last seven days makes one thing very clear: The CFPB may have called its payday lending regulations a final draft, but this process is far from over.

Rules 43

Rules CFPB NCUA Credit Union 43

PYMNTS

OCTOBER 31, 2017

30), Noreika’s push comes as President Donald Trump is working to loosen some of the Obama-era regulations placed on Wall Street. The Reuters report noted hundreds of Wells Fargo employees have seen their severance pays frozen as regulators try to determine what role the workers may have had in the fake account scandal.

OCC 40

OCC Office of the Comptroller of the Currency FDIC Rules 40

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. The FDIC and FCC did not back the comments on the part of the OCC, although both have shown an interest in rewriting the rules. and Federal Reserve.

OCC 40

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

PYMNTS

NOVEMBER 17, 2017

Noreika’s push comes as the Trump Administration is working to loosen some of the Obama-era banking regulations placed on Wall Street. Noreika is a big supporter of deregulation , recently calling for the relaxing of restrictions put in place last year when Wells Fargo ’s fake account scandal emerged.

OCC 40

OCC Office of the Comptroller of the Currency FDIC Regulations 40

The Payments Association

MARCH 18, 2025

Banks and regulators will determine how this policy is applied, shaping future access to payments infrastructure for crypto firms. During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). Why is it important?

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88

FICO

JULY 17, 2017

Similar efforts, further crowding the legislative calendar, may be pursued if the CFPB moves forward with issuing its final small-dollar lending regulation. The Act and accompanying regulations have significantly chilled the delivery of important, non-telemarketing customer-centric messages via cellphones. So where does that leave us?

Consumer Financial Protection Bureau (CFPB) 40

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

The Payments Association

JANUARY 31, 2025

Notably, US banking regulators (e.g., Within 30 days of the Order, the agencies constituting the Working Group must identify all regulations, guidance documents, orders, or other items that affect the digital asset sector. never happens again. SEC Crypto 2.0: On 21 January 2025, SEC acting chairman Mark T.

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury FDIC 88