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OCC Finalizes Long-Held Rule On Banking Equality

PYMNTS

The Office of the Comptroller of the Currency (OCC) released a finalized rule on ensuring fair access to banking services from large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations, according to a press release.

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Federal Banks, Savings Associations Win Approval For Some Crypto Activities

PYMNTS

A letter by the Office of the Comptroller of the Currency (OCC) published on Monday (Sept. The letter, written by Jonathan Gould , the agency’s senior deputy comptroller and chief counsel, also clarified that the ruling only applies to cryptocurrency on a one-to-one basis by a single fiat currency. . “A

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OCC Calls For Equal Access To Banking Services

PYMNTS

The Office of the Comptroller of the Currency ( OCC ) has proposed personal banking regulations intended to level the playing field. . The proposal would systemize over 10 years of OCC guidance, asking banks to extend services based on individual risk assessment instead of category-based assessment.

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Fed, OCC, FDIC issue joint warning on crypto risks

Payments Dive

The regulators didn't go so far as to create new rules around bank-crypto partnerships, but said they're "continuing to assess" if — and how — such tie-ups can proceed safely.

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Industry Reacts as OCC Reveals Concerns About Impact of Fintech-Bank Partnerships

The Fintech Times

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. Rick Kuci, COO of FundKite “Unfortunately, many banks caused this risk issue for themselves.

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Circle applies for national trust bank status

Finextra

The company has formally submitted an application to the Office of the Comptroller of the Currency (OCC) to establish the new trust institution, which will operate under the name First National Digital Currency Bank, N.A. Welcome to Finextra. We use cookies to help us to deliver our services. Please read our Privacy Policy.

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FinTech Could Be Hurt By Fight Between OCC And States

PYMNTS

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. The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices.

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