Finextra

JULY 1, 2025

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.

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Office of the Comptroller of the Currency Stablecoins OCC Digital Currency 72

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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Office of the Comptroller of the Currency BNPL 103

PYMNTS

NOVEMBER 19, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.

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Bitcoin Office of the Comptroller of the Currency Cryptocurrency Fed 105

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. Allaire said this has been a long time coming.

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

PYMNTS

SEPTEMBER 24, 2020

When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. FIS, The Clearing House Link For Real-Time Payments. s newest payment rails, RTP, FIS and The Clearing House are pairing up with a focus on smaller FIs.

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Office of the Comptroller of the Currency B2B OCC SWIFT 75

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

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

Fintech Finance

DECEMBER 9, 2024

Don’t miss your chance to join this exclusive gathering of global industry experts at the 15th Nextgen Payments & Regtech Forum on 10 – 11 December 2024 at the Hyatt Regency Hotel in Austin, Texas. Get ready to be part of the conversation thats driving the next wave of financial transformation!

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

PYMNTS

SEPTEMBER 20, 2020

ECS Fin , which works in transaction processing optimization, will launch a pilot program to test the integration of blockchain services of Apifiny 's Roxe network to help companies save time and costs on B2B payments, according to a press release.

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

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

PYMNTS

AUGUST 3, 2020

’ ongoing development of a faster payments ecosystem has created space for digital assets and blockchain to play an increasingly important role in the landscape. “Being the world’s reserve currency, naturally regulators are going to take more time. In a conversation with PYMNTS, Long discussed how the U.S.’

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

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

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

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 OCC 68

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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Office of the Comptroller of the Currency OCC Federal Reserve FDIC 62

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The industry claims that means payments banks wouldn’t be subject to the same capital liquidity requirements that regular banks are.

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Office of the Comptroller of the Currency OCC Non-Bank Regulations 139

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

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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Office of the Comptroller of the Currency Digital Currency Blockchain OCC 67

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

Payments Dive

JULY 2, 2025

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. That’s because payments companies will increasingly depend on AI to fight criminals who are tapping the technology for wrong-doing, he said. Richards said.

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Processors AI FedNow Federal Reserve 60

PYMNTS

OCTOBER 26, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business.

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Cryptocurrency Office of the Comptroller of the Currency Regs OCC 75

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. Plus, the chief of the CFPB stepped down at Biden’s request. Biden Expected To Name Professor Michael Barr To Head OCC.

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OCC Consumer Financial Protection Bureau (CFPB) Treasury Office of the Comptroller of the Currency 72

PYMNTS

APRIL 24, 2020

Office of the Comptroller of the Currency for a banking license. Anil, former global head of payment products and platforms at Visa, joined Monzo in January. Monzo Bank Ltd., the British digital bank, has taken the next step to expand into the U.S. market, where it has already done some testing.

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Office of the Comptroller of the Currency Deposit Account Accounts Product 75

PYMNTS

JULY 1, 2020

Cade, the Brazilian antitrust watchdog, announced it would reverse its decision to suspend the WhatsApp payment services partnership between Facebook and Brazilian card operator Cielo. Visa, Careem Team On Digital Payments In Middle East, N. Bank: How Legacy Systems Impede Open Banking Adoption.

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Office of the Comptroller of the Currency Payment APIs and Integration OCC B2B 52

PYMNTS

NOVEMBER 28, 2019

The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year. Robinhood has announced that it giving up on its plans to become a federally insured bank.

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PYMNTS

JANUARY 23, 2020

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. “At He will also have to pay $17.5

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Office of the Comptroller of the Currency OCC Community Banks Regulations 74

PYMNTS

SEPTEMBER 14, 2018

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government.

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Office of the Comptroller of the Currency OCC FinTech Regulations 69

Finextra

DECEMBER 20, 2023

The Office of the Comptroller of the Currency (OCC) today assessed a $15 million civil money penalty against U.S. Bank, National Association, Cincinnati, Ohio, for violations of law relating to the bank’s administration of a prepaid card program to distribute public unemployment insurance benefit payments.

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Office of the Comptroller of the Currency OCC Assessments Laws 45

PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. After receiving payments, the conspirators would convert them to cryptocurrency and send that to money launderers abroad, like Iossifov.

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Money Laundering Office of the Comptroller of the Currency OCC Online and Mobile Banking 52

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. While commercial loan growth remained strong in 2016, it is still slower than 2015 levels, the report found, increasing by 2.1

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OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

FICO

DECEMBER 14, 2016

Prediction: There will be no clear winner in the mobile payments wars. A plethora of payment apps emerged in 2016, further upping the already densely populated payments landscape. Not so with payment apps. Consumers will likely not settle on a default payment app, even for person-to-person payments.

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

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.

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

PYMNTS

NOVEMBER 4, 2020

There’s still fiat involved in most cases — but, then, after all, seismic shifts in payments have got to start somewhere. The partnership will enable crypto companies and FinTechs come to market with crypto payments that ultimately ride the Visa rails — and are therefore accepted by any business or merchant that accepts Visa.

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Bitcoin Cryptocurrency Office of the Comptroller of the Currency Consumer 83

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.

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OCC Office of the Comptroller of the Currency FinTech Rules 43

PYMNTS

DECEMBER 24, 2020

Office of the Comptroller of the Currency announced that banks could hold reserves on behalf of customers who issue stablecoins — which are, of course, a form of crypto but are pegged to an underlying asset such as a dollar. Over the summer, the U.S. And, of course, the crypto landscape extends well beyond bitcoin.

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Federal Reserve Bitcoin Cryptocurrency Office of the Comptroller of the Currency 103

Fintech Finance

OCTOBER 11, 2024

Details of the resolution include: A total payment of approximately US$3.09 Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance programs. The Bank and certain of its U.S. The Bank and certain of its U.S. billion, largely covered by previous provisions of US$3.05 Requirements to remediate the Bank’s U.S.

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AML BSA Money Laundering Office of the Comptroller of the Currency 98

PYMNTS

SEPTEMBER 17, 2019

Today in the payments news roundup, Trulioo has notched $70 million in new funding. And an increased number of banks are swapping their own regulators for Office of the Comptroller of the Currency (OCC) oversight. Construction Payments: Building The House With Virtual Cards. Late payments in the $1.8

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Office of the Comptroller of the Currency OCC B2B Payments 40