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.

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

PYMNTS

SEPTEMBER 12, 2018

Reuters , citing three sources familiar with the matter, reported that the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) told the bank that it has to do more to make sure it has located and compensated everyone impacted by the practice.

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Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 40

Nanonets

NOVEMBER 15, 2023

These agencies include the Federal Reserve, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau. The Office of the Comptroller of the Currency is responsible for enforcing compliance with the Bank Secrecy Act and anti-money laundering regulations.

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Processors Office of the Comptroller of the Currency Payment APIs and Integration Debit Card 52

The Fintech Times

MARCH 6, 2024

The regulatory tides may be changing in the US, as the Office of the Comptroller of the Currency (OCC) suggests banks should be doing more to manage risks related to partnering with fintech firms. Rick Kuci, COO of FundKite “Unfortunately, many banks caused this risk issue for themselves.

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Clearly Payments

FEBRUARY 8, 2024

Consumer Financial Protection Bureau (CFPB): Established in response to the 2008 financial crisis, the CFPB is tasked with protecting consumers in the financial marketplace. It monitors and enforces regulations related to payment products and services to ensure fair treatment and transparency for consumers.

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Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Error Resolution 83

PYMNTS

OCTOBER 23, 2019

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. New York’s federal district court ruled that the U.S. The court decision on Monday (Oct.

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PYMNTS

JANUARY 3, 2017

The Dodd-Frank-enabled consumer protection group has long been making noises about limiting the fees banks can charge consumers for overdrawing their accounts — and now it seems it will drop a new set of governing rules later this year.

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PYMNTS

DECEMBER 19, 2016

and the Office of the Comptroller of the Currency. Both are vocal critics of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The report noted, due to Trump’s appointments and nominations to his team, enthusiasm that the rules will be lessened is growing.

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PYMNTS

OCTOBER 11, 2017

On the other side of the issue, however, industry representatives were far less excited and genuinely concerned about the unintended casualties of the “consumer protection” legislation. “Payday lenders have exploited loophole after loophole to trap working people in debt, and this rule will help put an end to their abusive practices.”.

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FICO

JULY 17, 2017

We have already seen new leaders at the Federal Communication Commission (FCC) and the Securities Exchange Commission (SEC), while the President has recently nominated a new head of the Office of the Comptroller of the Currency (OCC).

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Consumer Financial Protection Bureau (CFPB) CFPB Office of the Comptroller of the Currency Financial Crimes 40