FDIC Office of the Comptroller of the Currency Rules 
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.”. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.
PYMNTS
SEPTEMBER 30, 2020
The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. FDIC), the states and the courts. A lack of safety and soundness rules will expose the financial system to significant vulnerabilities.”.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
DECEMBER 3, 2019
Department of Agriculture’s (USDA) interim final rule on hemp production. After further evaluation of the USDA interim final rule, the Financial Crimes Enforcement Network (FinCEN) will issue additional guidance. Banks no longer have to submit a suspicious activity report (SAR) just because a business is growing or cultivating hemp.
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.
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.
Segpay
MARCH 24, 2025
KYC & Customer Due Diligence (CDD) Australia: Risk-based approach, with minimum KYC checks under the AML/CTF Rules. USA: More prescriptive Customer Identification Program (CIP) rules, requiring standardized ID verification and risk-based CDD measures. Strict ID verification under state gaming laws and FinCEN rules.
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.
Expert insights. Personalized for you.
Let's personalize your content