OC&C

OCC Head Hsu Praises ‘Careful and Cautious’ Approach to Crypto

OCC Head Hsu Praises ‘Careful and Cautious’ Approach to Crypto
OCC Head Hsu Praises ‘Careful and Cautious’ Approach to Crypto
November 17, 2022  |  Cryptocurrency

A cautious approach to cryptocurrencies has proven to be the right course for banks, and consumers would be wise to adopt a similar approach in...

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OCC to Open Office of Financial Technology
OCC to Open Office of Financial Technology
October 27, 2022  |  Legal & Regulation

Noting the rapidly changing banking landscape, the Office of the Comptroller of the Currency (OCC) has announced it will establish an Office of Financial Technology...

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OCC Says US Bancorp Can Buy MUFG Union Bank
OCC Says US Bancorp Can Buy MUFG Union Bank
October 14, 2022  |  Bank Regulation

The merger of San Francisco-based MUFG Union Bank, National Association into U.S. Bank, National Association has been conditionally approved by the Office of the Comptroller...

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Crypto, Bank Overlap a Focus of DC FinTech Week
Crypto, Bank Overlap a Focus of DC FinTech Week
October 14, 2022  |  Cryptocurrency

Crypto’s recent volatility has shone a spotlight on the risks digital assets can pose for banks, according to Michael Barr, vice chair for supervision of...

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OCC Chief Michael J. Hsu Says Regulators Must Monitor 3 Risks of Crypto
OCC Chief Michael J. Hsu Says Regulators Must Monitor 3 Risks of Crypto
October 11, 2022  |  Cryptocurrency

Months of turbulence in the cryptocurrency industry have made it clear that financial regulators must be cautious about how they allow crypto and the traditional...

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Expanding Crypto Lender Nexo Secures U.S. Banking Charter
Expanding Crypto Lender Nexo Secures U.S. Banking Charter
September 27, 2022  |  Cryptocurrency

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Bancorp Changes Status to National Bank Charter, Moves to South Dakota
Bancorp Changes Status to National Bank Charter, Moves to South Dakota
September 20, 2022  |  Banking

The Bancorp Bank is dropping its Delaware charter to become a national bank and is now regulated by the Office of the Comptroller of the...

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OCC Head Reiterates Banking Regulators’ Cautious Approach to Crypto
OCC Head Reiterates Banking Regulators’ Cautious Approach to Crypto
September 07, 2022  |  Cryptocurrency

Recent events have reinforced the Office of the Comptroller of the Currency (OCC) position that lenders must ask permission before participating in the cryptocurrency industry...

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