Bank Automation

MARCH 18, 2025

SmartBiz, a fintech providing loans to small and medium-sized businesses, has completed its acquisition of United Community Bancsharesand its subsidiary, Centrust Bank.

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Office of the Comptroller of the Currency Acquirers Federal Reserve FinTech 52

Payments Source

JUNE 15, 2020

The Office of the Comptroller of the Currency has endured a fairly choppy legal ride since unveiling its idea five years ago to establish a special charter for non-bank fintech companies to access a nationwide financial system for lending services without worrying about being licensed to do so in all 50 states.

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Payments Source

DECEMBER 2, 2016

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.

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Office of the Comptroller of the Currency OCC FinTech Compliance 109

Finextra

MARCH 10, 2025

The Office of the Comptroller of the Currency (OCC) today took action to reaffirm that a range of cryptocurrency activities are permissible in the federal banking system.

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OCC Office of the Comptroller of the Currency Cryptocurrency 97

Finextra

APRIL 15, 2025

JPMorgan Chase and Bank of New York Mellon have reportedly scaled back electronic information sharing with the Office of the Comptroller of the Currency (OCC) following a significant breach of the regulators email system.

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OCC Office of the Comptroller of the Currency Breach Regulations 82

Payments Dive

JANUARY 9, 2024

The Office of the Comptroller of the Currency directed its advice at national banks, but a Venable attorney expects others to use it to inform their approaches.

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Payments Source

JANUARY 5, 2021

The digital currency and related distributed-ledger technologies could "enhance the efficiency, effectiveness and stability of the provision of payments," according to an interpretive letter issued by the Office of the Comptroller of the Currency.

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Office of the Comptroller of the Currency OCC Stablecoins Process 105

Payments Source

SEPTEMBER 15, 2020

With the Office of the Comptroller of the Currency considering a special charter for payments firms, a state regulator group said large money transmitters can opt for the “one company, one exam” program next year.

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Office of the Comptroller of the Currency Payments Exams OCC Payments 90

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . A letter by the Office of the Comptroller of the Currency (OCC) published on Monday (Sept.

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Office of the Comptroller of the Currency OCC Stablecoins Due Diligence 138

PYMNTS

JANUARY 15, 2021

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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OCC Office of the Comptroller of the Currency Rules Risk Assessment 86

PYMNTS

JULY 5, 2020

Last year, four federal agencies, in conjunction with state bank regulators, clarified the legal status of hemp-related businesses and the applicable edicts under the Bank Secrecy Act for financial institutions offering services to those businesses, the Office of the Comptroller of the Currency.

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Treasury Office of the Comptroller of the Currency Fincen Financial Crimes 140

Payments Dive

APRIL 25, 2022

The Office of the Comptroller of the Currency said the bank — the first crypto firm to receive a national trust bank charter in January 2021 — must overhaul its anti-money laundering program after failing to implement internal controls for customer due diligence and procedures for monitoring suspicious activity.

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Office of the Comptroller of the Currency Due Diligence Money Laundering AML 78

Finextra

DECEMBER 7, 2023

The Office of the Comptroller of the Currency (OCC) has issued guidance to US banks warning them to make sure that buy now, pay later loans are offered in a "safe and sound" manner.

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OCC Office of the Comptroller of the Currency BNPL 72

PYMNTS

SEPTEMBER 23, 2020

In today’s top news in digital-first banking, the Office of the Comptroller of the Currency (OCC) has issued stablecoin guidance, and Deutsche Bank intends to decrease the size of its brick-and-mortar footprint. Plus, Mesh Payments has launched a cardless payment offering that makes recurring and one-time payments easier.

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OCC Office of the Comptroller of the Currency Stablecoins Reconciliation 85

PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. This week's look at the latest innovation initiatives finds a big push for the latter.

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Finextra

OCTOBER 18, 2024

The Office of the Comptroller of the Currency (OCC) has filed an enforcement action against Axiom Bank in Florida.

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Office of the Comptroller of the Currency OCC 59

Payments Source

DECEMBER 5, 2016

The Office of the Comptroller of the Currency's plan to offer a national charter for fintech firms immediately sparked a battle between consumer advocates and state regulators, who see it a dangerous move, and fintech firms and certain banks, which hailed it as the future.

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Office of the Comptroller of the Currency OCC FinTech Regulations 68

Finextra

APRIL 17, 2025

The Office of the Comptroller of the Currency (OCC) today announced changes to its organizational structure to ensure its approach to supervision evolves to better address todays challenges, align similar functions within the agency, and leverage opportunities for efficiencies.

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OCC Office of the Comptroller of the Currency Addressing 52

Finextra

MARCH 31, 2025

The Office of the Comptroller of the Currency (OCC) today withdrew its participation in the interagency principles for climate-related financial risk management for large financial institutions.

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OCC Office of the Comptroller of the Currency Risk Management Risk 52

PYMNTS

DECEMBER 7, 2020

Office of the Comptroller of the Currency for its application for a national bank charter. It has also begun work in stock trading and cash management accounts. In October, SoFi said it had received preliminary and conditional approval from the U.S.

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Office of the Comptroller of the Currency Cash Management Finance Checks 107

PYMNTS

NOVEMBER 19, 2020

And recently, the Office of the Comptroller of the Currency said national banks and federal savings associations could hold reserves for customers who issue stablecoins. In late October, the payments giant was also reportedly considering buying some cryptocurrency companies.

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Bitcoin Office of the Comptroller of the Currency Cryptocurrency Fed 105

Payments Source

SEPTEMBER 14, 2018

The state's banking regulator and the Conference of State Bank Supervisors are reviving litigation after the Office of the Comptroller of the Currency said it would accept charter applications.

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Office of the Comptroller of the Currency OCC Blocks FinTech 63

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.

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Payments Source

DECEMBER 20, 2018

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

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PYMNTS

SEPTEMBER 20, 2020

The news comes after the recent decision by the Office of the Comptroller of the Currency (OCC) to let banks offer crypto services. It is designed to settle payments within seconds, and to work with multiple assets and asset classes, unlike previous incarnations, according to the release.

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Office of the Comptroller of the Currency Blockchain Cross-Border Settlement Cross-Border 100

Payments Source

AUGUST 23, 2017

The Office of the Comptroller of the Currency is seeking to scrap a challenge to its fintech charter by New York’s bank regulator.

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Office of the Comptroller of the Currency OCC FinTech Regulations 60

Payments Source

FEBRUARY 16, 2017

Some fintech firms are flatly rejecting the Office of the Comptroller of the Currency's creation of a charter for such firms, citing fears that it will come with too many strings attached.

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Office of the Comptroller of the Currency OCC FinTech Compliance 60

PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. Acting Comptroller of the Currency Brian P.

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Office of the Comptroller of the Currency Stablecoins Fraud Prevention Procedures 68

PYMNTS

MAY 11, 2020

Office of the Comptroller of the Currency (OCC) Chief Operating Officer Brian Brooks said he thinks digital currency firms could go under a federal licensing program in the event they offer what could be called payment services, CoinDesk reported.

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PYMNTS

JANUARY 7, 2021

The paper reported that the Office of the Comptroller of the Currency (OCC) is looking into business card sales tactics at the company as well, citing unnamed sources. 7), citing unnamed sources. A representative for AmEx told WSJ, “We have robust compliance policies and controls in place, and do not tolerate misconduct.”

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Fed Office of the Comptroller of the Currency OCC FDIC 97

Finextra

JANUARY 8, 2025

The Office of the Comptroller of the Currency (OCC) today issued a cease-and-desist order (order) against Bank of America, N.A. bank) for deficiencies related to its Bank Secrecy Act (BSA) and sanctions compliance programs.

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Office of the Comptroller of the Currency OCC BSA Compliance 52

Finextra

MARCH 18, 2025

The Office of the Comptroller of the Currency (OCC) today announced conditional approval of the application for financial technology (fintech) company SmartBiz Loans to change the business model of CenTrust Bank, N.A., Northbrook, Illinois, upon its acquisition of CenTrust Bank, N.A.

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OCC Office of the Comptroller of the Currency FinTech Technology 52

PYMNTS

JULY 22, 2020

Banks chartered by the federal government can offer digital currency custody services, the Office of the Comptroller of the Currency (OCC) said in a Wednesday (July 22) announcement.

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OCC Office of the Comptroller of the Currency Digital Currency Bitcoin 63

Finextra

DECEMBER 4, 2024

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this (..)

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FRB NCUA 52

PYMNTS

FEBRUARY 28, 2020

The company has made its intentions known by filing applications with the Office of the Comptroller of the Currency. Capital One is going to increase its focus on digitization and close 37 branches around the U.S., according to a report by Yahoo Finance.

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Office of the Comptroller of the Currency Remote Deposit Capture Online and Mobile Banking Enrollments 83

PYMNTS

JULY 31, 2019

The Office of the Comptroller of the Currency (OCC) has announced that it’s going to realign about 150 staff members in two new units, the organization said in a press release. . The two units will consolidate bank supervision support, risk analysis, and oversight of national trust banks and important service providers.

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OCC Office of the Comptroller of the Currency Risk Management Risk 59

Fintech Finance

DECEMBER 9, 2024

AGENDA HIGHLIGHTS: The Next Generation of Payments Enhancing Convenient and Secure Access to Financial Services The Next Digital Revolution Global Mobile Wallets and Super-apps Blockchain and Cryptocurrency Adoption Cross-Border Payment Innovations The Future of Financial Crime Levels of Connection – 2.0 Morgan Chase & Co.

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Office of the Comptroller of the Currency Financial Crimes BSA Cross-Border Payments 95