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.
PYMNTS
JUNE 4, 2018
The Office of the Comptroller of the Currency (OCC) says that it has warned some financial companies that they should modify lending terms. That movement comes as matters requiring attention — citations put forth by the OCC to modify lending practices — are up 24 percent year over year, as measured in the first quarter.
PYMNTS
OCTOBER 26, 2018
State Bank Regs File Suit t o Block OCC’s Bank Charter. 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.
PYMNTS
MARCH 18, 2019
During the housing boom in the early 2000s, the OCC preempted state predatory lending laws and, as a result, contributed to widespread foreclosures that led to the mortgage meltdown and U.S. Here’s a mortgage analogy. financial crisis.”.
PYMNTS
OCTOBER 6, 2017
“Today, I approved rescission of the OCC’s guidance regarding deposit advance products, effective immediately,” acting Comptroller of the Currency Keith Noreika said in a press release. The CFPB’s payday rule, he added, “necessitates revisiting the OCC guidance.”. So Now What?
PYMNTS
FEBRUARY 21, 2017
The CFPB was a few weeks away from releasing new draft regulations, and the money was on regs that would by and large neuter the industry. And if one were to ask their Magic 8-Ball about the fate of those payday lending regs, the answer one would most likely get at this point is “Ask again later.”.
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