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 Treasury Settlement 117

PYMNTS

JULY 31, 2020

On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. government, joining just a few recipients since the 2008 financial crisis, Bloomberg News reported. the San Francisco-based online bank, had the last laugh.

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Office of the Comptroller of the Currency OCC Consumer FinTech 69

PYMNTS

JANUARY 11, 2019

11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. As Friday (Jan. banking regulators asked lenders to help workers who couldn’t pay their bills or needed credit in the meantime, according to a report from Reuters. Federal Reserve said in a statement.

Shutdown 55

Shutdown Office of the Comptroller of the Currency Federal Reserve Regulations 55

PYMNTS

APRIL 25, 2017

The FinTech industry’s future could depend on the outcome of a fight between the Office of the Comptroller of the Currency (OCC) and states, according to a report in TechCrunch. In essence with the charter, the government could weed out the good FinTechs from the bad ones.

OCC 43

OCC Office of the Comptroller of the Currency FinTech Rules 43

PYMNTS

DECEMBER 3, 2019

If banks have additional questions regarding the Agriculture Improvement Act of 2018 (2018 Farm Bill) and its regulations, they can contact the USDA, state departments of agriculture and tribal governments. 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

PYMNTS

FEBRUARY 27, 2017

Capital One Financial disclosed in a Securities and Exchange Commission filing last week that it’s being investigated by the New York District Attorney’s Office, the Justice Department and the Financial Crimes Enforcement Network of the Treasury Department for its anti-money laundering program.

Money Laundering 41

Money Laundering Office of the Comptroller of the Currency Credit Cards Request for Information 41

FICO

DECEMBER 19, 2016

Led by the Office of the Comptroller of the Currency (OCC) directives requiring banks to manage risks, including cyber security risk, in their third-party relationships, companies in all industries will start paying a lot more attention to their business partners’ cyber security posture in 2017.

Office of the Comptroller of the Currency 82

Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

PYMNTS

JANUARY 23, 2020

government, according to a report by CNBC. The Office of the Comptroller of the Currency (OCC) said that there will also be a number of other individuals selected for punishment involving the fake accounts scandal, including other executives at the bank. He will also have to pay $17.5

Office of the Comptroller of the Currency 54

Office of the Comptroller of the Currency OCC Community Banks Regulations 54

PYMNTS

DECEMBER 10, 2018

The initiative to embrace deposits comes tied to new rules governing the banking sector that looks to increase options for crowd-lending activity in the country. The statement gave a nod to “private sector innovation” that can use tech to detect and report financial crimes such as money laundering and terrorist financing.

Regulations 69

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

PYMNTS

JUNE 2, 2020

Brooks , Acting Comptroller of the Currency, said in a series of letters that some states’ long-term efforts to curb the coronavirus could lead to reduced real estate values and debt payments. Brooks has only just taken office as of the beginning of June, after his predecessor Joseph Otting stepped down May 29.

OCC 52

OCC Office of the Comptroller of the Currency Laws Economy 52

PYMNTS

SEPTEMBER 18, 2018

As noted in this space in recent days, the key banking regulator in New York has filed suit against the federal government, specifically the Office of the Comptroller of the Currency (OCC) — alleging that the OCC’s move toward national bank charters for FinTech firms is akin to “folly” that “should be stopped.”.

Legal 66

Legal Office of the Comptroller of the Currency FinTech eWallet 66

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

PYMNTS

MARCH 26, 2018

The latest changes come as probes into the company’s actions continue, with people familiar with the matter telling The Wall Street Journal that the Office of the Comptroller of the Currency is close to finalizing its own action against the bank. The Fed has never before placed limits on how large a company can grow.

Risk Management 40

Risk Management Office of the Comptroller of the Currency Risk Process 40

The Paypers

FEBRUARY 20, 2019

(The Paypers) The Office of the Comptroller of the Currency (OCC) has inspected USAA Federal Savings Bank , after the government agency found issues with how the subsidiary manages risk.

Office of the Comptroller of the Currency 28

Office of the Comptroller of the Currency Risk Management Risk OCC 28

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

MARCH 15, 2019

The Office of the Comptroller of the Currency (OCC) also said this week that it “continued to be disappointed” with the bank’s efforts on risk management and corporate governance. In fact, Wall Street analysts are speculating that the CEO is in danger of losing his job. percent to $86.4

Office of the Comptroller of the Currency 43

Office of the Comptroller of the Currency OCC Caps Risk Management 43

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

FICO

DECEMBER 14, 2016

Less glowingly, American Banker characterized the decision as having “strings attached” : “The Office of the Comptroller of the Currency will start granting limited-purpose bank charters to fintech companies, but intends to maintain high standards for new entrants.”.

EMV 80

EMV FinTech Chip Cards Office of the Comptroller of the Currency 80

PYMNTS

MARCH 12, 2019

The regulatory actions against Wells are likely to continue, as a “person familiar with the matter,” — thus, an unnamed source — told the Journal that the Office of the Comptroller of the Currency (OCC) may force out additional executives or directors of the company.

Office of the Comptroller of the Currency 46

Office of the Comptroller of the Currency OCC Fed Risk Management 46

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 ). Jack Tate told CoinDesk.

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Office of the Comptroller of the Currency Regulations Innovation OCC 40

PYMNTS

APRIL 20, 2018

He has been an outspoken critic of the government watchdog — and as a congressman, he wanted the agency dismantled. According to CNN Money earlier on Friday (April 20), fining Wells Fargo $1 billion would be a departure for Mick Mulvaney, the acting director of the CFPB.

OCC 40

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

PYMNTS

JANUARY 24, 2020

government. The Office of the Comptroller of the Currency (OCC) is putting together “ so-called notices of charges ” against 10 people, although settlements could be extended to some, sources have said. Why State And Local Governments Struggle To Shred The Paper Check. He will also have to pay $17.5

Online and Mobile Banking 60

Online and Mobile Banking Office of the Comptroller of the Currency Central Bank OCC 60

Innovative Payments Association

FEBRUARY 24, 2025

With over two decades of industry experience, Ben is dedicated to providing valuable information, advocacy, and support to help members improve financial outcomes for consumers, businesses, and government agencies.

Consumer Financial Protection Bureau (CFPB) 40

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

PYMNTS

JUNE 10, 2016

. “[A federal banking license] is appealing, both because of our long-term strategy but also because it takes a lot of the cost and complexity of working with many third parties out of the equation,” said Circle Chief Executive Jeremy Allaire, who declined to comment on specific government discussions. Kennedy School of Government.

Regulations 41

Regulations OCC Office of the Comptroller of the Currency Cross-Border 41

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

PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. Consider India, where EY estimates in a recent survey that in India, companies are finding it a challenge to navigate GDPR. FinTech Firms Eye Bank Charters.

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency FinTech OCC Regulations 40

PYMNTS

OCTOBER 25, 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. What’s in store for the 2020s ? Court Rules Only ‘Depository Institutions’ Eligible For OCC’s Bank Charters.

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency Innovation Online and Mobile Banking Void 40

PYMNTS

JUNE 9, 2018

The linkup between AID:Tech and PharmAccess Foundation means that digital identities and blockchain technology come together to track new entrants into the world and ensure they get aid and government services to which they are entitled. Scooters : To paraphrase an old maxim, to the swiftest goes the (VC) race?

Office of the Comptroller of the Currency 51

Office of the Comptroller of the Currency OCC Blockchain Faster Payments 51

PYMNTS

AUGUST 5, 2019

That legislation would make it easier for the government to penalize larger tech firms for violations of antitrust law. In terms of punitive actions, the bill would mandate that a U.S. company found to be in violation of antitrust laws can be fined as much as 15 percent of their annual top line.

FTC 49

FTC OCC Office of the Comptroller of the Currency Digital Currency 49

CB Insights

NOVEMBER 2, 2017

It’s been nearly a decade since the financial crisis exposed how a weak risk management framework and lack of governance can almost permanently debilitate even one of the strongest capital markets. Office of the Comptroller of the Currency, the CFPB, and the city attorney.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

CB Insights

FEBRUARY 16, 2021

Despite inflation, fluctuating exchange rates, and other factors, the value of most of these currencies is subject to very little change on a day-to-day basis. This allows several economies to rely on the use of these government-issued currencies to operate. The same idea can apply to non-collateralized stablecoins. First name.

Stablecoins 101

Stablecoins Cryptocurrency Multi-Currency Bitcoin 101

Clearly Payments

FEBRUARY 8, 2024

Office of the Comptroller of the Currency (OCC): As an independent bureau within the U.S. It oversees compliance with federal banking laws, including those governing payments. It monitors and enforces regulations related to payment products and services to ensure fair treatment and transparency for consumers.

Regulations 105

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

PYMNTS

JANUARY 15, 2021

As noted in this space earlier in the month, the Office of the Comptroller of the Currency (OCC) said that banks can utilize stablecoins in transactions, among other banking activities.

Stablecoins 101

Stablecoins OCC Regulations Office of the Comptroller of the Currency 101

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

JANUARY 26, 2021

In addition, the Office of the Comptroller of the Currency (OCC) has made moves toward broader, more modern payments landscapes, including digital currencies, showing how the landscape is changing between huge legacy companies and newer startups.

Office of the Comptroller of the Currency 99

Office of the Comptroller of the Currency Federal Trade Commission OCC FTC 99

PYMNTS

JANUARY 24, 2020

In the latest spate of news, the Chinese government has ordered travel agencies to suspend domestic and international tours. There have also been transportation curbs imposed on cities that are home to an estimated 40 million people.

Office of the Comptroller of the Currency 52

Office of the Comptroller of the Currency Cross-Border OCC Visa 52