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OCC Related Topics 
Finextra
MARCH 10, 2025
The Office of the Comptroller of the Currency (OCC) today took action to reaffirm that a range of cryptocurrency activities are permissible in the federal banking system.
97 
The Fintech Times
FEBRUARY 6, 2025
Neuner points out that while Wyoming and the OCC did issue three charters previously, none of them have been able to gain access to the Fed payment system. Ive always believed that the key to making crypto usable in payments and mainstream finance is a digital asset bank with native connections to the existing financial system.
141 
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 
Payments Dive
OCTOBER 3, 2024
The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.
Payments Dive
JULY 25, 2023
The card issuer paid the fine for failing to properly monitor a third-party affiliate and in connection with its courting of small business clients, the agency said.
142 
Payments Dive
MAY 15, 2024
Concerns about the $35B merger proposal, which has already faced opposition, are likely to surface again at the July public meeting.
158 
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 
Payments Dive
FEBRUARY 27, 2024
The senator urged regulators to block the deal and took the OCC to task for its approval record. Meanwhile, JPMorgan CEO Jamie Dimon advocated for Capital One to get a fair shake.
89 
Payments Source
JANUARY 5, 2021
Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. And there's still no sign of a central bank digital currency, leaving the U.S. at risk of falling behind other countries in the race to support faster payment processing.
154 
Payments Source
DECEMBER 10, 2020
BitPay and Paxos are only the latest digital currency companies to pursue a national charter from the Office of the Comptroller of the Currency.
Finextra
DECEMBER 7, 2023
The Office of the Comptroller of the Currency (OCC) has issued guidance to US banks warning them to make sure that buy now, pay later loans are offered in a "safe and sound" manner.
72 
Payments Dive
DECEMBER 20, 2023
The OCC added a separate penalty Tuesday. The Minneapolis-based lender flagged a CFPB probe into prepaid card use last year.
159 
Finextra
APRIL 17, 2025
The Office of the Comptroller of the Currency (OCC) today announced changes to its organizational structure to ensure its approach to supervision evolves to better address todays challenges, align similar functions within the agency, and leverage opportunities for efficiencies.
52 
Payments Source
SEPTEMBER 24, 2020
The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard. But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation.
144 
Finextra
APRIL 8, 2025
The Office of the Comptroller of the Currency says "highly sensitive information" was accessed in a hack on its email system.
PYMNTS
SEPTEMBER 23, 2020
In today’s top news in digital-first banking, the Office of the Comptroller of the Currency (OCC) has issued stablecoin guidance, and Deutsche Bank intends to decrease the size of its brick-and-mortar footprint. A letter by the OCC published on Monday (Sept. Federal Banks, Savings Associations Win Approval For Some Crypto Activities.
85 
Payments Source
AUGUST 13, 2020
Appearing to support decentralized systems, the acting comptroller of the currency said on a podcast that "the ultimate public ownership of the payment rails is when you have a network, like the internet, of interconnected institutions and computers.".
118 
PYMNTS
JULY 1, 2020
The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). Additional steps may be necessary to properly segment and secure bank networks if employees use personal devices to connect to bank systems,” the OCC wrote.
66 
PYMNTS
SEPTEMBER 17, 2018
The suit is one alleging that the OCC does not have the authority to provide such licenses under the FinTech charter that has been proposed. The OCC has been accepting applications since the end of July. New York state is suing the United States. The banking sector, argues the suit, is more efficiently regulated at the state level.
72 
PYMNTS
NOVEMBER 23, 2020
The Office of the Comptroller of the Currency ( OCC ) has proposed personal banking regulations intended to level the playing field. . The proposal would systemize over 10 years of OCC guidance, asking banks to extend services based on individual risk assessment instead of category-based assessment.
68 
Payments Source
JANUARY 5, 2021
The digital currency and related distributed-ledger technologies could "enhance the efficiency, effectiveness and stability of the provision of payments," according to an interpretive letter issued by the Office of the Comptroller of the Currency.
PYMNTS
SEPTEMBER 22, 2020
A letter by the Office of the Comptroller of the Currency (OCC) published on Monday (Sept. In July, the OCC announced that providing cryptocurrency custody services, including holding cryptographic keys, is a contemporary form of traditional bank activities. Allaire said this has been a long time coming.
Payments Source
JUNE 15, 2020
The Office of the Comptroller of the Currency has endured a fairly choppy legal ride since unveiling its idea five years ago to establish a special charter for non-bank fintech companies to access a nationwide financial system for lending services without worrying about being licensed to do so in all 50 states.
Finextra
MARCH 31, 2025
The Office of the Comptroller of the Currency (OCC) today withdrew its participation in the interagency principles for climate-related financial risk management for large financial institutions.
52 
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 
Global Fintech & Digital Assets
DECEMBER 21, 2023
The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. The OCC expects that banks engaged in BNPL lending “do so within a risk management system that is commensurate with associated risks.” By Arthur S.
59 
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.
69 
Finextra
MARCH 18, 2025
The Office of the Comptroller of the Currency (OCC) today announced conditional approval of the application for financial technology (fintech) company SmartBiz Loans to change the business model of CenTrust Bank, N.A., Northbrook, Illinois, upon its acquisition of CenTrust Bank, N.A.
52 
PYMNTS
JANUARY 21, 2021
In today’s top news, President Biden is expected to pick Michael Barr to head the OCC, and Janet Yellen, Biden’s pick for Treasury Secretary, is expected to take a hard stance toward crypto. Biden Expected To Name Professor Michael Barr To Head OCC. Plus, the chief of the CFPB stepped down at Biden’s request.
72 
Fintech Finance
DECEMBER 23, 2024
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Payments Source
SEPTEMBER 19, 2019
A federal judge blocked state regulators from suing the agency over its new charter, but it’s still unclear whether fintechs would even apply.
102 
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.
PYMNTS
APRIL 30, 2019
The Office of the Comptroller of the Currency (OCC) announced it has opened a 45-day public comment period on its proposed Innovation Pilot Program. Supporting a financial system that innovates responsibly is central to the mission of the OCC,” said Comptroller of the Currency Joseph M. Otting in a press release. “As
51 Payments Source
DECEMBER 2, 2016
The Office of the Comptroller of the Currency will start granting limited-purpose bank charters to fintech companies, but intends to maintain high standards for new entrants.
PYMNTS
DECEMBER 4, 2019
The OCC wrote a letter in July outlining a to-do list for the department, saying that it needed to handle thousands of complaints and handle compensation structures. “We One executive, who was in charge of the HR department, was put on leave after being accused of failings by the OCC.
52 
PYMNTS
JANUARY 23, 2020
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, the sources said. An OCC spokesman declined to comment, as did representatives for Tolstedt, Hardison and Julian. Sloan’s retirement quickly followed.
52 
PYMNTS
JUNE 2, 2020
The closures, Brooks said, were seemingly “indefinite” in some states, a press release from the Office of the Comptroller of the Currency (OCC) said. Conference of Mayors, and the National Association of Governors, “potentially threaten the stability and orderly functioning of the financial system the OCC is charged by law to protect.”.
52 
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.
63 
PYMNTS
JULY 26, 2017
Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. PYMNTS outlines some of those key trends found in the OCC report below. Shifts in Lending Practices. Cyber Threats. Compliance.
46 
Finextra
JANUARY 8, 2025
The Office of the Comptroller of the Currency (OCC) today issued a cease-and-desist order (order) against Bank of America, N.A. bank) for deficiencies related to its Bank Secrecy Act (BSA) and sanctions compliance programs.
Payments Source
SEPTEMBER 30, 2020
Various trade organizations sent letters to a House Financial Services Committee task force saying lawmakers should "actively discharge their oversight prerogatives" as the national bank regulator considers giving licenses to companies that do not accept deposits.
87 
Payments Source
APRIL 7, 2020
Lenders and government guarantors can use loan technology to bring immediate relief to business owners, former OCC official Jo Ann Barefoot says.
104 
Payments Source
JANUARY 29, 2021
A consumer advocacy group and the American Bankers Association say the OCC mustn't allow this. Several financial tech companies that applied to become national banks are seeking exemptions from many provisions of the Community Reinvestment Act.
94 
Payments Dive
JUNE 8, 2023
The guidance is aimed at helping banks address the operational, compliance and strategic risks of third-party tie-ups, such as those with fintech firms.
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