PYMNTS

MAY 19, 2016

Banks, according to the guidance, must adopt policies that are governed by “fairness” as consumers make deposits that do not violate law. the National Credit Union Administration, the Office of the Comptroller of the Currency and the Federal Reserve. million penalty tied to those violations.

CFPB 40

CFPB Office of the Comptroller of the Currency Accounts Federal Reserve 40

PYMNTS

MARCH 2, 2018

The acting director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney , could allow other regulators to be in charge of supervisory matter, in an attempt to prevent duplications within government agencies and to reduce the burden for financial firms when it comes to exams.

Consumer Financial Protection Bureau (CFPB) 40

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

PYMNTS

JUNE 8, 2016

June’s Faster Payments Tracker™ features an inside look at how the Office of the Comptroller of the Currency, a member of the Fed’s Faster Payments Taskforce, is facilitating the country’s transition to an economy of rapid transactions. What’s happening in the movement toward Faster Payments.

Faster Payments 41

Faster Payments Office of the Comptroller of the Currency NACHA Direct Deposit 41

Innovative Payments Association

FEBRUARY 24, 2025

Until his confirmation, the CFPB will be run by Office of Management and Budget Director Russell Vought. In February, he told the Bureau staff to stop all work and not to come into the office. He also said that the CFPB would not take any new money from the Federal Reserve because it had $711.6

Consumer Financial Protection Bureau (CFPB) 40

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

PYMNTS

AUGUST 1, 2018

The report also asked Congress to amend the National Bank Act to authorize the Office of the Comptroller of the Currency (OCC) to issue a federal charter for non-bank financial companies. The center’s Task Force on Main Street Finance — co-chaired by former Senator Olympia Snowe, former U.S.

Small Business 40

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

Clearly Payments

FEBRUARY 8, 2024

Key Regulatory Organizations in The USA Federal Reserve System: The Federal Reserve , often referred to as the Fed, plays a central role in overseeing the nation’s payment systems. Office of the Comptroller of the Currency (OCC): As an independent bureau within the U.S.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

PYMNTS

NOVEMBER 20, 2020

Officially the regulatory powers that govern banking aren’t on board with this switch. 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.

Office of the Comptroller of the Currency 88

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

PYMNTS

NOVEMBER 6, 2017

The upshot is that parties will wind up going to one or more service providers, which could be sourced from either the private sector or the government. Regulation as Saving Grace? What will break the logjam of innovation and disparate progress and allow real progress? Madhu’s answer might surprise you: regulation.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

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. Banks are graded on their compliance by the government. and Federal Reserve.

OCC 40

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

PYMNTS

AUGUST 6, 2018

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change in how these financial upstarts might be both governed and cultivated. As reported, financing FinTechs has been enthusiastic, touching $22 billion in 2017 — up 13 times from 2010.

Treasury 40

Treasury Regulations Office of the Comptroller of the Currency FinTech 40

PYMNTS

FEBRUARY 26, 2018

That comes as Randal Quarles , who serves as the vice chairman for supervision at the Federal Reserve Board of Governors, has said that regulation should be marked by “efficiency, transparency and simplicity.”. Capital requirements would be loosened and stress tests would come less than once a year.

Federal Reserve 40

Federal Reserve Office of the Comptroller of the Currency Treasury Regulations 40

The Payments Association

MARCH 18, 2025

The Federal Reserves shift on crypto banking access could impact payments, stablecoins, and digital assets. 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

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