PYMNTS

OCTOBER 26, 2018

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. Reports in Reuters on Thursday (Oct.

Office of the Comptroller of the Currency 62

Office of the Comptroller of the Currency OCC Regs Blocks 62

PYMNTS

MAY 3, 2019

According to a report in MarketWatch citing court proceedings, Manhattan Federal Judge Victor Marrero ruled Thursday (May 3) the New York State Department of Financial Services can move forward with its lawsuit against the Office of Comptroller of the Currency. The OCC licenses would allow FinTechs to lend money and pay checks nationally.

OCC 62

OCC FinTech Rules Regulations 62

PYMNTS

OCTOBER 24, 2019

The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would have given FinTechs a leg up on competing with traditional financial services companies. Nearly four years on, little progress has been made — and now there’s a significant stumbling block. Lights out for the FinTech charter idea?

Legal 40

Legal Office of the Comptroller of the Currency OCC FinTech 40

PYMNTS

OCTOBER 25, 2019

Court Rules Only ‘Depository Institutions’ Eligible For OCC’s Bank Charters. The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would have given FinTechs a leg up on competing with traditional financial services companies. What’s in store for the 2020s ? The 2018 South Dakota v.

Innovation 40

Innovation Office of the Comptroller of the Currency Online and Mobile Banking Void 40

PYMNTS

NOVEMBER 6, 2017

Noted Webster and Madhu, people often do not know if their identities have been compromised until they go to a bank and find they are blocked from opening an account, or that accounts have been opened without their knowledge or consent. That is what happens when politicians create rules,” Madhu said. Biometrics May Not Be the Panacea.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

PYMNTS

OCTOBER 23, 2019

New York’s federal district court ruled that the U.S. Office of the Comptroller of the Currency (OCC) does not have the power to grant national charters to financial technology (FinTech) companies, The Wall Street Journal reported on Tuesday (Oct. The OCC serves as the national bank regulator. The court decision on Monday (Oct.

OCC 40

OCC Office of the Comptroller of the Currency Rules FinTech 40

PYMNTS

FEBRUARY 7, 2018

.” Otting was also complimentary regarding some of Mulvaney’s decisions while at CFPB, including the reversal of the bureau’s payday rule. Last week, Senators Elizabeth Warren and Maxine Waters, as well as four additional Democrats, called for answers regarding the sudden change of heart on the payday rule. “We

Rules 43

Rules Consumer Financial Protection Bureau (CFPB) OCC CFPB 43