OC&C

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

A day after being sued by eight state attorneys general who claim it violated securities laws, crypto lender Nexo unveiled that it has purchased a...

READ MORE >
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  |  Digital-First 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...

READ MORE >
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...

READ MORE >
A Primer on US Stablecoin Regulations
A Primer on US Stablecoin Regulations
August 23, 2022  |  Cryptocurrency

Lawmakers and regulators say we can expect a set of guide rails for the stablecoin business by year’s end. Here’s a look at the issues...

READ MORE >
Banking-as-a-Service FinTechs Tread New Regulatory Waters
Banking-as-a-Service FinTechs Tread New Regulatory Waters
August 16, 2022  |  Regulation

In a policy letter that read like part announcement and part warning, the Consumer Financial Protection Bureau (CFPB) put FinTechs on notice in April, with...

READ MORE >
Senators Warren, Durbin, Whitehouse, and Sanders Ask OCC to Rescind and Replace Cryptocurrency Guidance
Senators Warren, Durbin, Whitehouse, and Sanders Ask OCC to Rescind and Replace Cryptocurrency Guidance
August 10, 2022  |  Cryptocurrency

Several U.S. senators have sent a letter asking the Office of the Comptroller of the Currency (OCC) to cut back previous cryptocurrency guidance in favor...

READ MORE >
Crypto Is Being Assessed Incorrectly, Says Ex-OCC Head Brian Brooks
Crypto Is Being Assessed Incorrectly, Says Ex-OCC Head Brian Brooks
June 28, 2022  |  Cryptocurrency

Former U.S. Acting Comptroller of the Currency Brian Brooks said recently that evaluating cryptocurrencies based on their capacity to serve as surrogates for the U.S....

READ MORE >
Regulation Weekly: EU Closes in on Crypto Decision; SEC’s Efforts May Backfire; Singapore Talks Tough
Regulation Weekly: EU Closes in on Crypto Decision; SEC’s Efforts May Backfire; Singapore Talks Tough
June 27, 2022  |  Regulation

Crypto is increasingly taking center stage in the European Union, as talks on the Markets in Crypto Asset Regulation (MiCA) legislation are reaching their endgame....

READ MORE >
US Comptroller Takes a Victory Lap on Crypto
US Comptroller Takes a Victory Lap on Crypto
June 24, 2022  |  Cryptocurrency

It wasn’t exactly an “I told you so,” but Comptroller of the Currency Michael Hsu didn’t mince words either when discussing crypto’s place in the...

READ MORE >