The Paypers

FEBRUARY 6, 2024

Vast Bank has decided to shut down its mobile crypto app and exit the cryptocurrency industry after receiving a consent order from the Office of the Comptroller of the Currency (OCC) in October 2023.

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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.

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Finextra

DECEMBER 20, 2023

The Office of the Comptroller of the Currency (OCC) today assessed a $15 million civil money penalty against U.S. Bank, National Association, Cincinnati, Ohio, for violations of law relating to the bank’s administration of a prepaid card program to distribute public unemployment insurance benefit payments.

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Finextra

NOVEMBER 24, 2023

The Office of the Comptroller of the Currency's first chief financial technology officer is no longer in place amid revelations that his CV was riddled with falsehoods, including about his former employment at major banks, according to reports.

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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.

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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.

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PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. This week's look at the latest innovation initiatives finds a big push for the latter.

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Payments Source

SEPTEMBER 14, 2018

The state's banking regulator and the Conference of State Bank Supervisors are reviving litigation after the Office of the Comptroller of the Currency said it would accept charter applications.

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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. Plus, Mesh Payments has launched a cardless payment offering that makes recurring and one-time payments easier.

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Payments Source

DECEMBER 20, 2018

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

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Payments Source

SEPTEMBER 19, 2018

The Office of the Comptroller of the Currency has been taking the lead on a federal license for fintech firms, but the central bank will decide if such companies can access the payments system and other benefits.

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The Paypers

SEPTEMBER 13, 2021

The Office of the Comptroller of the Currency (OCC) has fined Wells Fargo with USD 250 million because of the issues related to stemming from the bank's mortgage loss modification practices.

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PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. Acting Comptroller of the Currency Brian P.

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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.

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PYMNTS

MAY 21, 2020

Otting’s tenure saw the Office of the Comptroller of the Currency (OCC) rationalizing the capital and liquidity rules to help banks serve customers’ needs while remaining safe, the release states.

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PYMNTS

NOVEMBER 23, 2020

In today’s top news in digital-first banking, The Office of the Comptroller of the Currency (OCC) has proposed a personal banking rule intended to level the playing field, while U.S. The Office of the Comptroller of the Currency (OCC) has put forward a personal banking rule meant to level the playing field.

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The Paypers

JANUARY 5, 2021

The US Office of the Comptroller of the Currency has given the green light to national banks and federal savings institutions to use public blockchains and stablecoins for settlement.

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Payments Source

AUGUST 23, 2017

The Office of the Comptroller of the Currency is seeking to scrap a challenge to its fintech charter by New York’s bank regulator.

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Payments Source

DECEMBER 5, 2016

The Office of the Comptroller of the Currency's plan to offer a national charter for fintech firms immediately sparked a battle between consumer advocates and state regulators, who see it a dangerous move, and fintech firms and certain banks, which hailed it as the future.

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Payments Source

FEBRUARY 16, 2017

Some fintech firms are flatly rejecting the Office of the Comptroller of the Currency's creation of a charter for such firms, citing fears that it will come with too many strings attached.

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Finovate

APRIL 10, 2024

Office of the Comptroller of the Currency (OCC). Bunq plans to leverage the new capital to expand more in the U.K., as well as move into the U.S. To this end, the institution noted that it plans to resubmit its application for a banking license with the U.S.

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PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association.

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The Paypers

APRIL 25, 2022

Stablecoin issuer Circle has announced it is in discussions with US regulators to become the fourth crypto-native company to open a federal trust charter through the Office of the Comptroller of the Currency (OCC).

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PYMNTS

DECEMBER 7, 2020

Office of the Comptroller of the Currency for its application for a national bank charter. It has also begun work in stock trading and cash management accounts. In October, SoFi said it had received preliminary and conditional approval from the U.S.

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PYMNTS

NOVEMBER 19, 2020

And recently, the Office of the Comptroller of the Currency said national banks and federal savings associations could hold reserves for customers who issue stablecoins. In late October, the payments giant was also reportedly considering buying some cryptocurrency companies.

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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.

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PYMNTS

SEPTEMBER 20, 2020

The news comes after the recent decision by the Office of the Comptroller of the Currency (OCC) to let banks offer crypto services. It is designed to settle payments within seconds, and to work with multiple assets and asset classes, unlike previous incarnations, according to the release.

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PYMNTS

JULY 5, 2020

Last year, four federal agencies, in conjunction with state bank regulators, clarified the legal status of hemp-related businesses and the applicable edicts under the Bank Secrecy Act for financial institutions offering services to those businesses, the Office of the Comptroller of the Currency.

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PYMNTS

MARCH 30, 2020

and the Office of the Comptroller of the Currency — are all on board with using the “new methodology for measuring counterparty credit risk in derivatives transactions.”. Financial institutions now have two more years before converting to CECL. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

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The Paypers

JANUARY 14, 2021

Crypto custodian Anchorage has secured conditional approval for a national trust charter from the US Office of the Comptroller of the Currency (OCC).

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The Paypers

JANUARY 14, 2021

Crypto custodian Anchorage has secured conditional approval for a national trust charter from the US Office of the Comptroller of the Currency (OCC).

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The Paypers

JUNE 8, 2020

The Office of the Comptroller of the Currency (OCC) has been seeking public input on how it regulates new technologies and digital banking activities, including cryptocurrencies and blockchain tools.

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PYMNTS

JANUARY 7, 2021

The paper reported that the Office of the Comptroller of the Currency (OCC) is looking into business card sales tactics at the company as well, citing unnamed sources. 7), citing unnamed sources. A representative for AmEx told WSJ, “We have robust compliance policies and controls in place, and do not tolerate misconduct.”

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PYMNTS

APRIL 10, 2017

banks, the Office of the Comptroller of the Currency, removed Wells Fargo’s most senior bank examiner, people familiar with the matter told Reuters. The Office of the Comptroller of the Currency accused Wells Fargo of an “extensive and pervasive pattern” of discriminatory and illegal lending practices for years.

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PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report that it will examine how the coronavirus is impacting compliance by financial institutions. OCC: Banks Face Higher Compliance Risks Amid Pandemic.

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PYMNTS

FEBRUARY 28, 2020

The company has made its intentions known by filing applications with the Office of the Comptroller of the Currency. Capital One is going to increase its focus on digitization and close 37 branches around the U.S., according to a report by Yahoo Finance.

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The Paypers

JULY 10, 2020

SoFi , an online lender, has filed an application for a national bank charter with the Office of the Comptroller of the Currency.

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