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

AUGUST 3, 2020

That blog post, Long pointed out, was published the same day that the Office of the Comptroller of the Currency (OCC) released an interpretive letter that offered guidance on banks’ and federal savings associations’ ability to provide crypto custody services.

Real Time Payments 117

Real Time Payments Office of the Comptroller of the Currency Settlement Treasury 117

PYMNTS

DECEMBER 10, 2018

There may also be a new federal requirement for companies to disclose beneficial owners upon a company’s incorporation.

Regulations 69

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

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

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 CFPB 40

PYMNTS

MARCH 9, 2020

Waters said the two also did not follow legal orders with the Consumer Financial Protection Bureau (CFPB), Federal Reserve Board and Office of the Comptroller of the Currency (OCC). Between 2016 and 2018, the Fed, CFPB and OCC petitioned Wells Fargo to institute internal changes to head off future problems.

Consumer Financial Protection Bureau (CFPB) 57

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 57

PYMNTS

JANUARY 24, 2020

The Department of Justice is investigating if executives kept important details about the fake accounts from the bank’s board of directors, as well as the Office of the Comptroller of the Currency (OCC). In addition, the Department of Labor is looking into the bank over how it reacted to whistleblower complaints.

Office of the Comptroller of the Currency 52

Office of the Comptroller of the Currency Continuity OCC Federal Reserve 52

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

Fintech Finance

OCTOBER 11, 2024

Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance programs. The Bank and certain of its U.S.

AML 98

AML BSA Money Laundering Financial Crimes 98

PYMNTS

DECEMBER 6, 2018

Citing people familiar with the matter, the Wall Street Journal reported that senior executives, including consumer banking head Mary Mack, have briefed the Office of the Comptroller of the Currency (OCC) on the firings. A Wells Fargo spokeswoman — as well as an OCC spokesman — declined to comment on the report.

Office of the Comptroller of the Currency 49

Office of the Comptroller of the Currency OCC Federal Reserve Caps 49

Payments Source

SEPTEMBER 19, 2018

The Office of the Comptroller of the Currency has been taking the lead on a federal license for fintech firms, but the central bank will decide if such companies can access the payments system and other benefits.

Office of the Comptroller of the Currency 63

Office of the Comptroller of the Currency Fed FinTech Central Bank 63

PYMNTS

NOVEMBER 4, 2020

In September, the Office of the Comptroller of the Currency (OCC) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins (those coins have to have a one-to-one relationship with a fiat currency).

Bitcoin 83

Bitcoin Cryptocurrency Office of the Comptroller of the Currency Consumer 83

PYMNTS

MARCH 29, 2019

The Office of the Comptroller of the Currency (OCC) also weighed in, stating that — after Sloan testified — it was “disappointed” over the lack of effective corporate governance and risk management. Waters, for her part, said a bill would be in the offing to break up banks that have not done right by their customers.

Federal Reserve 57

Federal Reserve Office of the Comptroller of the Currency OCC Push-to-Card 57

PYMNTS

JANUARY 13, 2021

The Federal Reserve, the Federal Deposit Insurance Corp. Other sources said the Office of the Comptroller of the Currency (OCC) is also looking into the matter. Anecdotally, small businesses' credit card debt could be on the rise as more business owners turn to cards to keep their businesses afloat.

Office of the Comptroller of the Currency 66

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

PYMNTS

MAY 25, 2016

Three bodies — the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation — issued joint guidance in 2013 that recommended FIs not provide loans to businesses that would push their corporate debt levels above six times their earnings.

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Office of the Comptroller of the Currency OCC Federal Reserve Treasury Management 40

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

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

PYMNTS

DECEMBER 18, 2018

That’s in part because several federal agencies recently have come out — together — in support of banks embracing innovation in their compliance efforts.

AML 61

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

PYMNTS

NOVEMBER 27, 2017

Federal and state officials have been investigating whether the GAP insurance is unnecessary, and whether interest rates on the loans increased too much as a result of the GAP protection. The Office of the Comptroller of the Currency (OCC) is looking into Wells Fargo’s auto loans business as well. .

CFPB 40

CFPB Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Product 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. Citing documents filed with the Federal Deposit Insurance Corp. 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

PYMNTS

AUGUST 7, 2018

However, the Federal Reserve ‘s latest analysis of the U.S. The OCC said that between Q4 2017 an Q1 2018, it issued 24 percent more Matters Requiring Attention (MRAs), seeking for lenders to alter their practices, though the OCC did not reveal which lenders received those notices. ”

Fed 40

Fed Continuity OCC Office of the Comptroller of the Currency 40

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts.

Financial Crimes 59

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

PYMNTS

FEBRUARY 15, 2019

As noted in this space late last year, five federal agencies spoke out, and presented a statement that detailed how credit unions and banks could share resources to make Bank Secrecy Act compliance efforts more streamlined.

BSA 49

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

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

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. The OCC is, of course, not alone in its focus on 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

Global Fintech & Digital Assets

JANUARY 12, 2024

Key Provisions The FAIR Exams Act would amend the Federal Financial Institutions Examination Council Act of 1978 in three primary ways: 1. Whether the bill will garner enough support in Congress to become law remains to be seen.

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

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.

Small Business 40

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

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 Office of the Comptroller of the Currency (OCC) has offered some preliminary guidance to roll back more restrictive rules from 2013 but has only hinted that it might offer more specific rules in the future.

Rules 43

Rules CFPB NCUA Credit Union 43

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

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.

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

PYMNTS

NOVEMBER 6, 2017

What falls out of this process, and what becomes useful to the industry at large, said Madhu, is certification.

Security 43

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

PYMNTS

JULY 31, 2018

Federal Reserve should “move quickly in facilitating a faster retail payments system, such as through the development of a real-time settlement service that would allow for more efficient and widespread access to innovative payment capabilities,” the report said. Meanwhile, the U.S.

AI 77

AI FinTech Security Rules 77

Bank Automation

APRIL 18, 2025

The Federal Reserve and the Office of the Comptroller of the Currency, regulators responsible for approving the deal, announced their decisions in separate statements Friday. Capital One Financial Corp.

Office of the Comptroller of the Currency 52

Office of the Comptroller of the Currency Regulations Federal Reserve Card Issuer 52

PYMNTS

JANUARY 21, 2021

Former Ripple advisor and Treasury Department official Michael Barr is anticipated to head the Office of the Comptroller of the Currency (OCC) under President Joe Biden, the Wall Street Journal reported on Thursday (Jan. The OCC is an independent bureau of the Treasury Department. 21), citing sources.

OCC 116

OCC Office of the Comptroller of the Currency Fincen Federal Reserve 116

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

JULY 9, 2018

According to The Wall Street Journal , preliminary second-quarter data from the Federal Reserve indicates that the year-over-year growth rate of business loans rose to 5.5 In a sign of strength for the U.S. economy, banks are reporting that business loans are on the rise.

Office of the Comptroller of the Currency 40

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

PYMNTS

AUGUST 6, 2018

The report also calls for the Office of the Comptroller of the Currency (OCC) to allow FinTech firms to operate across every state, taking a page from the way banks operate. After the Treasury report debuted, the OCC advocated such charters, as well. The report also advocated the creation of sandboxes.

Treasury 40

Treasury Regulations Office of the Comptroller of the Currency FinTech 40