Office of the Comptroller of the Currency

US Regulators Sound Cautious Note on FinTech Innovation

US Regulators Sound Cautious Note on FinTech Innovation
US Regulators Sound Cautious Note on FinTech Innovation
October 17, 2022  |  Legal & Regulation

If there was at least some consensus that came out of last week’s D.C. FinTech Week confab, it’s that banks and the regulators that oversee...

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Report: US Comptroller Says Bank-FinTech Partnerships Must Monitor Risk
Report: US Comptroller Says Bank-FinTech Partnerships Must Monitor Risk
October 13, 2022  |  Legal & Regulation

After his earlier remarks about partnerships between banks and FinTechs led members of the financial services industry and House Republicans to worry that he would...

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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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Citigroup to Launch Financial Inclusion Initiatives Under OCC’s Project REACh
Citigroup to Launch Financial Inclusion Initiatives Under OCC’s Project REACh
September 04, 2022  |  Financial Inclusion

Citigroup will be launching two pilot programs under the Office of the Comptroller of the Currency’s Project REACh, or Roundtable for Economic Access and Change,...

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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...

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US Ponders Tougher Regs for Regional Banks, Muddling Merger Deals
US Ponders Tougher Regs for Regional Banks, Muddling Merger Deals
August 07, 2022  |  Legal & Regulation

Regulators in the U.S. are looking into whether big regional banks should be required to add to the debt buffer that helps them in times...

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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...

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Today in TechREG: FinCEN Proposes Rulemaking For New Enforcement Tool
Today in TechREG: FinCEN Proposes Rulemaking For New Enforcement Tool
June 06, 2022  |  Legal & Regulation

Today, a court in Australia found Google liable for defamatory videos posted on its YouTube platforms targeting a senior politician. The court ordered Google to...

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