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Bank Automation
APRIL 8, 2025
Hackers intercepted about 100 bank regulators emails for more than a year, gaining access to messages containing agency deliberations and sensitive details about banks it oversees, according to two people familiar with the matter.
Bank Automation
APRIL 11, 2025
Office of the Comptroller of the Currency didnt have a basic protection enabled on an email account hackers exploited to spy on the messages of more than 100 bank regulators for over a year, according to two people familiar with the matter.
PYMNTS
OCTOBER 31, 2016
The Office of the Comptroller of the Currency (OCC) disclosed it was hacked in September, reported The Wall Street Journal last week. According to the report, the banking regulator said the data breach had to do with a former employee at the agency removing more than 10,000 records without receiving authorization to do so.
Finextra
MAY 8, 2025
The Office of the Comptroller of the Currency (OCC) today clarified permissible bank activities related to crypto-asset custody and execution services.
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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.
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.
82 
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.
PYMNTS
JULY 5, 2020
The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. In updated rules from the Financial Crimes Enforcement Network ( FinCEN ), the U.S.
140 
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.
PYMNTS
NOVEMBER 19, 2020
He rebuked a suggestion from CNBC's Andrew Ross Sorkin that bitcoin would be able to be regulated as a security, instead saying that the coin "was much more a payment mechanism" as opposed to a security, Coindesk reports. I think we're going to see this mature and I think we're going to see more regulation around the payments space," he said.
105 
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.
86 
PYMNTS
SEPTEMBER 30, 2020
Overseen by the Office of the Comptroller of the Currency (OCC), the charter would allow firms like Facebook, Google or Amazon to bypass the process by which they need to collect money transmitter licenses state by state. This means getting regulation right is critical.
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.
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.
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.
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.
PYMNTS
DECEMBER 10, 2018
CoinGeek reports that the Swiss financial regulator (specifically the Federal Council of the Swiss Financial Market Supervisory Authority) last week has put in place rules that would allow FinTech startups to accept public deposits to up to the equivalent of $100 million USD which reflects a bid to increase innovation in the sector.
69 
PYMNTS
MARCH 19, 2020
Banking regulators on Thursday (March 19) said they are going to give banks credit for letting lower-income Americans borrow money during the coronavirus pandemic, according to a report by Reuters. Regulators, for their part, said they want to encourage lending.
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. Representatives of the Fed, FDIC and Treasury inspectors general offices would not comment on the matter, the paper reported. 7), citing unnamed sources.
97 
PYMNTS
JUNE 17, 2019
regulators are saying cyberattacks pose the greatest risk to U.S. banks in upcoming years, but the regulation and testing processes are convoluted and complicated for institutions in both spaces to assess, according to a report by the Financial Times. Right now, different regulators look at different pieces of the same bank.
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.
PYMNTS
MAY 29, 2017
but experts are beginning to question how it will impact regulation. Reports in Reuters on Friday (May 26) explored how industry players are examining the future of financial regulation as FinTech continues its disruption. Only weeks after the OCC issued that manual, reports emerged that a lawsuit was filed against the office.
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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 (..)
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.
PYMNTS
APRIL 10, 2017
The lead regulator for U.S. banks, the Office of the Comptroller of the Currency, removed Wells Fargo’s most senior bank examiner, people familiar with the matter told Reuters. Bradley Linskens was reportedly removed from his position as a result of the bank’s unauthorized accounts scandal that surfaced last year.
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. In other news, South Korea intends to levy a two-tenths tax on income made via digital currency transactions, The Block reported.
63 
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.
PYMNTS
JANUARY 11, 2019
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. As Friday (Jan. 11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S.
55 
PYMNTS
MARCH 30, 2020
Bank regulators have rolled back the Jan. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency — are all on board with using the “new methodology for measuring counterparty credit risk in derivatives transactions.”.
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. “The He will also have to pay $17.5
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. A bill signed by Governor Andrew M.
PYMNTS
MAY 17, 2018
“The employees were also working to get documents in order prior to new requirements from another regulator for disclosures related to proof of beneficial ownership of businesses.”. The bank reportedly has told the federal Office of the Comptroller of the Currency about the problem in the wholesale unit.
PYMNTS
JUNE 24, 2019
This means Libra is likely to see more scrutiny from regulators as the project takes shape and eventually launches. That sentiment was reflected in part by the Bank for International Settlements (BIS), which said this past weekend that there should be coordinated regulations on cryptocurrencies.
PYMNTS
SEPTEMBER 21, 2020
The reality of the global financial system is that there will always be attempts to launder money and evade sanctions; the responsibility of banks is to build effective screening and monitoring systems, and we work closely with regulators and law enforcement to bring perpetrators to justice.”. In one example, reported on Monday (Sept.
139 
The Paypers
JANUARY 5, 2021
The US Office of the Comptroller of the Currency has given the green light to national banks and federal savings institutions to use public blockchains and stablecoins for settlement.
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). In addition, the Department of Labor is looking into the bank over how it reacted to whistleblower complaints.
72 
PYMNTS
MAY 21, 2020
Otting’s tenure saw the Office of the Comptroller of the Currency (OCC) rationalizing the capital and liquidity rules to help banks serve customers’ needs while remaining safe, the release states. Otting will be succeeded by First Deputy and Chief Operating Officer Brian P. Brooks, the release states.
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.
59 
PYMNTS
JANUARY 23, 2020
A Wells Fargo regulator is planning to slap former company executives with civil charges associated with their position in its retail banking scandals, people familiar with the matter told Bloomberg on Thursday (Jan. The OCC’s investigation shows regulators that individuals will be accountable along with the company itself.
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The Paypers
APRIL 22, 2025
Capital One has received the final regulatory approval for its proposed acquisition of Discover Financial Services , following authorisation from the Federal Reserve Board and the Office of the Comptroller of the Currency.
PYMNTS
DECEMBER 4, 2018
The agencies tied to the joint release include the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration and the Office of the Comptroller of the Currency. financial system.”.
PYMNTS
APRIL 20, 2017
While much attention has been paid to Wells’ behavior, today a new player is in the spotlight — Wells Fargo’s regulator the Office of the Comptroller of Currency — with questions about why it didn’t act sooner when complaints about the bank began to roll in.
PYMNTS
DECEMBER 4, 2019
The Office of the Comptroller of the Currency (OCC) has said the Wells Fargo Human Resources (HR) department has a rash of problems, including a backlog of employee complaints, a poor system for pulling back executive pay in the face of punishments and a lack of ability to deal with the types of issues that led to the bank’s 2016 fabricated account (..)
PYMNTS
NOVEMBER 23, 2020
The Office of the Comptroller of the Currency ( OCC ) has proposed personal banking regulations intended to level the playing field. .
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