PYMNTS

JANUARY 25, 2019

For big bank loans taken out before April of 2018, prospects of repayment are good, federal banking regulators said on Friday (Jan. However, the portion of loans owed by strongly leveraged borrowers is still high. Reuters reported that the U.S.

FDIC 43

FDIC OCC Office of the Comptroller of the Currency Risk 43

PYMNTS

MARCH 9, 2020

Waters said the two also did not follow legal orders with the Consumer Financial Protection Bureau (CFPB), Federal Reserve Board and Office of the Comptroller of the Currency (OCC). Between 2016 and 2018, the Fed, CFPB and OCC petitioned Wells Fargo to institute internal changes to head off future problems.

Consumer Financial Protection Bureau (CFPB) 57

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 57

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. The Fed has never before placed limits on how large a company can grow.

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Risk Management Office of the Comptroller of the Currency Risk Process 40

PYMNTS

JANUARY 13, 2021

Amex Under Fed Scrutiny Over SMB Card Practices. The Federal Reserve, the Federal Deposit Insurance Corp. Other sources said the Office of the Comptroller of the Currency (OCC) is also looking into the matter.

Office of the Comptroller of the Currency 66

Office of the Comptroller of the Currency Commercial Card Credit Cards Small Business 66

PYMNTS

DECEMBER 24, 2020

Office of the Comptroller of the Currency announced that banks could hold reserves on behalf of customers who issue stablecoins — which are, of course, a form of crypto but are pegged to an underlying asset such as a dollar. Over the summer, the U.S.

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Federal Reserve Bitcoin Cryptocurrency Office of the Comptroller of the Currency 103

PYMNTS

MARCH 29, 2019

The Office of the Comptroller of the Currency (OCC) also weighed in, stating that — after Sloan testified — it was “disappointed” over the lack of effective corporate governance and risk management. Waters, for her part, said a bill would be in the offing to break up banks that have not done right by their customers.

Federal Reserve 57

Federal Reserve Office of the Comptroller of the Currency OCC Push-to-Card 57

PYMNTS

MAY 24, 2018

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. Pointing to the Federal Reserve’s “ Report on the Economic Well-Being of U.S.

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

Clearly Payments

FEBRUARY 8, 2024

Key Regulatory Organizations in The USA Federal Reserve System: The Federal Reserve , often referred to as the Fed, plays a central role in overseeing the nation’s payment systems. Office of the Comptroller of the Currency (OCC): As an independent bureau within the U.S.

Regulations 81

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 81

PYMNTS

FEBRUARY 13, 2019

According to The Wall Street Journal ( WSJ ), the Federal Reserve revealed that the average merger review time — with opposition from community groups — fell to 3.8 At the Office of the Comptroller of the Currency (OCC), the average time decreased to 1.9 months in the first half of 2018 from 5.6

OCC 59

OCC Federal Reserve Office of the Comptroller of the Currency Fed 59

PYMNTS

DECEMBER 19, 2016

According to a report by Reuters , which cited bankers, investors and lawyers, Trump could tell regulators to be more lenient with the enforcing of the rules, which were put in place in 2013 by the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.

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Office of the Comptroller of the Currency Federal Reserve Rules Fed 46

PYMNTS

JULY 9, 2018

According to The Wall Street Journal , preliminary second-quarter data from the Federal Reserve indicates that the year-over-year growth rate of business loans rose to 5.5 In a sign of strength for the U.S. economy, banks are reporting that business loans are on the rise.

Office of the Comptroller of the Currency 40

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

PYMNTS

DECEMBER 4, 2019

Powell to become the Fed chair. She has joined some analysts and Democrats in contesting the Fed’s approval of BB&T’s merger with SunTrust , the biggest bank merger since 2008. From 2006 to 2017, the Fed gave the green light to 3,316 mergers of the 3,819 applications submitted, a letter from the central bank to Warren indicated.

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Office of the Comptroller of the Currency Fed Federal Reserve Central Bank 40

PYMNTS

OCTOBER 11, 2017

There’s the OCC for national banks; for small state there is the FDIC; medium banks have the Fed and there is NCUA for credit unions. The Office of the Comptroller of the Currency (OCC) has offered some preliminary guidance to roll back more restrictive rules from 2013 but has only hinted that it might offer more specific rules in the future.

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Rules CFPB NCUA Credit Union 43