Office of the Comptroller of the Currency

OCC Encourages Banks to Explore AI Solutions for RegTech 

OCC Encourages Banks to Explore AI Solutions for RegTech 
OCC Encourages Banks to Explore AI Solutions for RegTech 
May 16, 2022  |  Artificial Intelligence

On Friday (May 13), national and international public officials provided testimony in a public hearing hosted by the House Committee on Financial Services about the...

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OCC’s Hsu: Interoperable Stablecoins Key to Success of Crypto Economy
OCC’s Hsu: Interoperable Stablecoins Key to Success of Crypto Economy
April 28, 2022  |  Cryptocurrency

The need for stablecoins to be interoperable with each other and a potential digital dollar is too important to be left either to government regulators...

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OCC Issues Orders, Fines Against Two Banks for AML Deficiencies
OCC Issues Orders, Fines Against Two Banks for AML Deficiencies
April 22, 2022  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) issued yesterday, April 21, 2022, two cease-and-desist orders against USAA Federal Saving Bank and Anchorage Digital...

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PYMNTS AM Radar: Digital Dining Habits; Crypto Bank Flagged; Racing for Payments; M&A Enforcement
PYMNTS AM Radar: Digital Dining Habits; Crypto Bank Flagged; Racing for Payments; M&A Enforcement
April 22, 2022  |  Legal & Regulation

Today is Friday (April 22), and a crypto bank that was granted a conditional license last year is now being called to the carpet by...

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Crypto Bank Flagged By OCC for Sidestepping AML Mandates 
Crypto Bank Flagged By OCC for Sidestepping AML Mandates 
April 22, 2022  |  Bank Regulation

Cryptocurrency lender Anchorage Digital Bank failed to comply with anti-money laundering mandates (AML) and violated rules for monitoring suspicious activity, according to a statement from...

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OCC’s Rule on SARs May Boost Innovation on AML Reporting
OCC’s Rule on SARs May Boost Innovation on AML Reporting
April 21, 2022  |  AML

On May 1, a new rule issued by the Office of the Comptroller of the Currency (OCC) that modifies the requirements for national banks and...

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OCC’s Comptroller Wants Stablecoins to Be Interoperable With US CBDC 
OCC’s Comptroller Wants Stablecoins to Be Interoperable With US CBDC 
April 11, 2022  |  CBDC

In a speech delivered on April 8, 2022 at Georgetown University, Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC),...

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SoFi Bank Charter Ruling Signals Crypto Still Off Limits for Banks
SoFi Bank Charter Ruling Signals Crypto Still Off Limits for Banks
January 19, 2022  |  Cryptocurrency

In a ruling that has big implications for banks’ ability to use stablecoins as payment tools, the Office of the Comptroller of the Currency (OCC)...

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