OC&C

OCC’s Hsu Says Banks Need Caution With Crypto as Economy Ups Risks

OCC’s Hsu Says Banks Need Caution With Crypto as Economy Ups Risks
OCC’s Hsu Says Banks Need Caution With Crypto as Economy Ups Risks
June 23, 2022  |  Cryptocurrency

The recent crypto troubles have only added to Office of the Comptroller of the Currency (OCC) Acting Chief Michael Hsu’s resistance to allow lenders to...

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OCC Seeks Data on Crypto Assets and Identity Theft 
OCC Seeks Data on Crypto Assets and Identity Theft 
June 14, 2022  |  Legal & Regulation

The Office of the Comptroller of the Currency (OCC) published last week, on June 7 and 8, two notices seeking comments about the agency’s plans...

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Crypto Regulation Weekly: More Hype; OCC Praise; Europe Gets Tough
Crypto Regulation Weekly: More Hype; OCC Praise; Europe Gets Tough
May 25, 2022  |  Cryptocurrency

Calling the cryptocurrency hype the “flywheel of growth that crypto projects seem to need to get off the ground,” the top U.S. bank regulator described...

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OCC’s Comptroller Orders Staff to Review Bank Merger Framework
OCC’s Comptroller Orders Staff to Review Bank Merger Framework
May 09, 2022  |  Bank Regulation

Speaking at an event Monday (May 9), Acting Comptroller of the Currency Michael Hsu discussed the need to rethink bank merger assessment and directed his...

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Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
February 06, 2022  |  Banking

A coalition of advocacy groups wants U.S. regulators to look more into banks partnering with FinTechs to charge predatory interest rates that would be otherwise...

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Wells Fargo Sees Regulatory Order Eliminated as Company Moves Past Account Opening Scandals
Wells Fargo Sees Regulatory Order Eliminated as Company Moves Past Account Opening Scandals
January 20, 2022  |  Bank Regulation

Wells Fargo has had a 2015 regulatory order from the Office of the Comptroller of the Currency (OCC) eliminated, which involved add-on products which Wells...

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US State Banking Regulators Drop Lawsuit Over FinTech Charters
US State Banking Regulators Drop Lawsuit Over FinTech Charters
January 14, 2022  |  Legal & Regulation

A group of U.S. banking regulators withdrew their lawsuit that sought to block the federal government from granting bank charters to FinTech companies.  Get the Full...

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OCC’s Hsu: Stablecoins Can Boost Innovation If Regulated Like Banks
OCC’s Hsu: Stablecoins Can Boost Innovation If Regulated Like Banks
January 13, 2022  |  Cryptocurrency

There are a number of ways to read between the lines of the speech about stablecoins Acting Comptroller of the Currency Michael Hsu made at...

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