OC&C

States Press Regulators To Simplify FinTech Licensing
States Press Regulators To Simplify FinTech Licensing
February 06, 2018  |  Bank Regulation

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting...

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Data Dive: The Reworked, Reversed, Reconsidered Edition
Data Dive: The Reworked, Reversed, Reconsidered Edition
January 15, 2018  |  Data Dive

Louis Brandeis, arguably the most quotable judge in the history of the United States Supreme Court, had his doubts about spontaneous acts of brilliance. Get...

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OCC’s Otting Hedges On FinTech Charter
OCC’s Otting Hedges On FinTech Charter
December 21, 2017  |  Bitcoin

Despite the current bitcoin boom, the nation’s new Comptroller of the Currency doesn’t believe the cryptocurrency poses a threat to the country’s banking system. Get...

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Wells Fargo Fines Will Stand And May Grow, Says Trump
Wells Fargo Fines Will Stand And May Grow, Says Trump
December 08, 2017  |  Bank Regulation

In the latest bit of bank regulation news surrounding beleaguered Wells Fargo, the tweets come from the top — from the top of the governmental...

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Wells Fargo Could Face Enforcement Action for Charging Excess Fees
Wells Fargo Could Face Enforcement Action for Charging Excess Fees
November 30, 2017  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) warned Wells Fargo in a scathing letter that it is mulling lodging formal enforcement actions against...

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New York Venture Bank Seeks National Bank Charter
New York Venture Bank Seeks National Bank Charter
November 23, 2017  |  Banking

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter....

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Interim OCC Chief Wants More Individual Discretion For Bank Examiners
Interim OCC Chief Wants More Individual Discretion For Bank Examiners
November 21, 2017  |  Bank Regulation

While a top U.S. bank regulator has been working to ensure that examiners go easier on the institutions they inspect, he pointed out that those...

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Joseph Otting Confirmed As Next OCC Head
Joseph Otting Confirmed As Next OCC Head
November 17, 2017  |  Bank Regulation

Joseph Otting, the former banking executive with close ties to Steve Mnuchin, the U.S. treasury secretary, was confirmed as the next U.S. Comptroller of the...

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Small Banks Vow To Protect Regulations Keeping Retailers And Tech Giants Off Their Turf
Small Banks Vow To Protect Regulations Keeping Retailers And Tech Giants Off Their Turf
November 09, 2017  |  Regulation

Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients. As...

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