OC&C

TechReg Weekly US: CFPB Eyes Credit Card Late Fee Rules; Data Privacy Bills Advance in Congress 
TechReg Weekly US: CFPB Eyes Credit Card Late Fee Rules; Data Privacy Bills Advance in...
June 24, 2022  |  Technology

This week, U.S. lawmakers have proposed new legislation seeking to increase customers’ control over their financial data. A new data privacy bill has also overcome...

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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  |  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  |  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.  The Conference of...

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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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