PYMNTS

JANUARY 25, 2019

Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) all released a joint report saying that due to a healthy economy, prospects for loan repayment look good. Reuters reported that the U.S.

FDIC 43

FDIC OCC Office of the Comptroller of the Currency Risk 43

PYMNTS

JUNE 17, 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.

PayPal 56

PayPal OCC Office of the Comptroller of the Currency Disputes 56

PYMNTS

MAY 29, 2018

While the increased access to loans is good for business borrowers while the economy is doing well, regulators are worried that with rising interest rates, the borrowers may not be able to pay back the loans. The worst loans are often made in the best of times,” Comptroller of the Currency Joseph Otting warned in the report.

Regulations 40

Regulations Office of the Comptroller of the Currency OCC Risk 40

FICO

MAY 6, 2019

The conclusion cited is that “debtors are riskier than their scores indicate because the metrics don’t account for the robust economy, skewing perception of borrowers’ ability to pay bills on time”. So are FICO ® Scores “artificially inflated”? The simple answer is no. FICO Scores Are Not Fixed Estimates of Credit Risk. Score Inflation.

Underwriting 75

Underwriting OCC Credit Risk Risk 75

PYMNTS

JANUARY 24, 2020

It’s the unforeseen events that send economies into rough patches, toward slowing growth and even into decline. In the most recent news, the company sold its business management software development company Teem and a minority stake it held in startup The Wing.

Office of the Comptroller of the Currency 52

Office of the Comptroller of the Currency Cross-Border OCC Visa 52

PYMNTS

FEBRUARY 19, 2019

The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. ” Other critics have raised the issue that the OCC is advising examiners to take community group concerns into consideration separately from their M&A approval processes.

Fed 43

Fed Federal Reserve Office of the Comptroller of the Currency OCC 43

PYMNTS

DECEMBER 18, 2018

Those agencies include the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration. That’s a stretch, of course.

AML 61

AML Compliance Money Laundering Office of the Comptroller of the Currency 61

PYMNTS

JANUARY 24, 2020

OCC Prepares Civil Suit Against Former Wells Fargo Executives. The Office of the Comptroller of the Currency (OCC) is putting together “ so-called notices of charges ” against 10 people, although settlements could be extended to some, sources have said. He will also have to pay $17.5

Online and Mobile Banking 60

Online and Mobile Banking Office of the Comptroller of the Currency Central Bank OCC 60

PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Colorado’s bill does have support from some lawmakers.

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency Regulations Innovation OCC 40

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. The OCC is, of course, not alone in its focus on Faster Payments.

Faster Payments 41

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

The Fintech Times

JULY 20, 2024

Rohit Chopra, director at CFPB “Our financial system is essential infrastructure for the entire economy, and it is deeply reliant on a handful of powerful big tech cloud service providers,” said Consumer Financial Protection Bureau (CFPB) director, Rohit Chopra.

Treasury 59

Treasury FS-ISAC Consumer Financial Protection Bureau (CFPB) Due Diligence 59

PYMNTS

NOVEMBER 28, 2016

Instead, the office is suggesting that these sanctions be waived on a case-by-case basis after a thorough review conducted by the OCC itself. The list of 30 financial institutions ranks banks according to the level of risk they pose to the global economy should they fail, with riskier banks subjected to greater capital requirements.

Office of the Comptroller of the Currency 46

Office of the Comptroller of the Currency Small Business OCC Origination 46

PYMNTS

JANUARY 15, 2021

As noted in this space earlier in the month, the Office of the Comptroller of the Currency (OCC) said that banks can utilize stablecoins in transactions, among other banking activities. But those same payments mechanisms must be in compliance with various regulatory and legal frameworks. Many of the questions are around, ‘how does USDC work?

Stablecoins 101

Stablecoins OCC Regulations Office of the Comptroller of the Currency 101

PYMNTS

NOVEMBER 20, 2020

Physical banking was already on the decline before the COVID-19 pandemic put much of the physical economy into the deep freeze for a year and left customers scrambling to digitize their day-to-day lives as much as possible and as fast as possible. Officially the regulatory powers that govern banking aren’t on board with this switch.

Office of the Comptroller of the Currency 88

Office of the Comptroller of the Currency Online and Mobile Banking OCC Federal Reserve 88

PYMNTS

JANUARY 14, 2021

The idea, then, seems to be that digital fiat would be preferable to crypto in the ever-expanding bid to take commerce (particularly commercial commerce) digital. As bitcoin gyrates, as speculation reigns, the regulatory gaze tightens, with CBDCs seemingly the digital instrument of choice for regulators and central banks.

Money Laundering 61

Money Laundering Bitcoin Regulations Central Bank 61

CB Insights

DECEMBER 4, 2019

Acko offers traditional car and bike insurance policies, but is increasingly focused on “internet economy” deals, which primarily consist of e-commerce, travel, and ride hailing-focused products such as an in-trip insurance program with Ola.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

CB Insights

FEBRUARY 16, 2021

Across global economies, these currencies are often used to buy goods and services. This allows several economies to rely on the use of these government-issued currencies to operate. It’s easy to understand for anyone new to cryptocurrencies, which can allow for more widespread adoption of this new technology.

Stablecoins 101

Stablecoins Multi-Currency Cryptocurrency Bitcoin 101

PYMNTS

JULY 31, 2018

To help build consumer trust in the digital economy, the report said the U.S. Congress should enact a federal data security and breach notification law — only 13 states have such laws, the report said, and they have differing requirements, and apply to companies that do business in a particular state but might not have offices there.

AI 77

AI FinTech Security Rules 77

PYMNTS

FEBRUARY 7, 2018

“But, unnecessary regulatory burden is a waste that places a drag on our entire economy without making the system safer or fairer.” ” Otting was also complimentary regarding some of Mulvaney’s decisions while at CFPB, including the reversal of the bureau’s payday rule.

Rules 43

Rules Consumer Financial Protection Bureau (CFPB) OCC CFPB 43

PYMNTS

JULY 9, 2018

economy, banks are reporting that business loans are on the rise. In fact, the Office of the Comptroller of the Currency (OCC) identified in a recent report that the easing of commercial loan standards is a top risk in the banking industry. In a sign of strength for the U.S.

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency Fed OCC Federal Reserve 40

The Payments Association

JANUARY 31, 2025

It further undertakes “ to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy ” Highlights of the Order are outlined below. Fact Sheet ) The Working Group will be chaired by David Sacks, the special advisor for AI and Crypto.

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury Regulations 88