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). Wells Fargo also has to repay customers for what it cost them by abusing some of them.

Office of the Comptroller of the Currency 52

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

PYMNTS

MARCH 4, 2020

In February 2018, FinCEN collaborated with the Office of the Comptroller of the Currency (OCC) and the U.S. Bank $185 million for numerous offenses, including “willfully violating” BSA mandates for having an anti-money laundering (AML) procedure. Department of Justice (DOJ) to penalize U.S.

AML 52

AML Suspicious Activity Report (SAR) Fincen BSA 52

PYMNTS

JUNE 24, 2019

Separately and beyond the confines of cryptos, regulators have pointed to other risks within financial services, stating that cyberattacks are among the biggest risks to banks, but there are also complications and challenges tied to financial institutions as they grapple with regulation and testing procedures centered on cybersecurity.

Money Laundering 51

Money Laundering Regulations Office of the Comptroller of the Currency Multi-Currency 51

PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Top Performers.

Fraud Prevention 40

Fraud Prevention Office of the Comptroller of the Currency Procedures PayPal 40

Global Fintech & Digital Assets

JANUARY 12, 2024

The director would be required to hold quarterly meetings with financial institutions to discuss examination procedures, practices, and policies. The director would need to review FFIEC examination procedures to ensure that the written examination policies of those agencies are being followed in practice and applied consistently.

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

CB Insights

NOVEMBER 2, 2017

Regtech software is digitizing compliance procedures and eliminating the backlog. The next wave of regtech will leverage advanced technology like machine learning, natural language processing (NLP), and blockchain to replace old policies and procedures. 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

Global Fintech & Digital Assets

DECEMBER 21, 2023

Long , Parag Patel , Barrie VanBrackle , Becky Critchley , Deric Behar , and Charlotte Collins On December 6, 2023, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2023-37 (Guidance), which clarifies the OCC’s policy positions on the risk management of “Buy Now, Pay Later” (BNPL) lending. By Arthur S.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Clearly Payments

FEBRUARY 8, 2024

Office of the Comptroller of the Currency (OCC): As an independent bureau within the U.S. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.

Regulations 105

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