Office of the Comptroller of the Currency

Agencies: Banks Must Manage Risk Around Crypto-Assets
Agencies: Banks Must Manage Risk Around Crypto-Assets
January 03, 2023  |  Cryptocurrency

Three U.S. agencies said that banks must be wary of the risks of crypto-assets. In a joint statement released Tuesday (Jan. 3), the organizations —...

READ MORE >
Regulators’ Stablecoin Warnings Open Door for Digital Dollar, Tokenized Deposits
Regulators’ Stablecoin Warnings Open Door for Digital Dollar, Tokenized Deposits
January 03, 2023  |  Regulation

Warnings on stablecoins from a trio of regulators may cause banks to seek digital alternatives instead. And digital dollars (aka CBDCs) and tokenized deposits issued...

READ MORE >
Senators Ask Regulators About Bank-Crypto Firm Ties
Senators Ask Regulators About Bank-Crypto Firm Ties
December 08, 2022  |  Cryptocurrency

Two senators are asking regulators about links between banks and cryptocurrency firms.  In letters sent Wednesday (Dec. 7) to the heads of the Federal Reserve...

READ MORE >
OCC Head Hsu Praises ‘Careful and Cautious’ Approach to Crypto
OCC Head Hsu Praises ‘Careful and Cautious’ Approach to Crypto
November 17, 2022  |  Cryptocurrency

A cautious approach to cryptocurrencies has proven to be the right course for banks, and consumers would be wise to adopt a similar approach in...

READ MORE >
OCC to Open Office of Financial Technology
OCC to Open Office of Financial Technology
October 27, 2022  |  Regulation

Noting the rapidly changing banking landscape, the Office of the Comptroller of the Currency (OCC) has announced it will establish an Office of Financial Technology...

READ MORE >
US Regulators Sound Cautious Note on FinTech Innovation
US Regulators Sound Cautious Note on FinTech Innovation
October 17, 2022  |  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...

READ MORE >
Report: US Comptroller Says Bank-FinTech Partnerships Must Monitor Risk
Report: US Comptroller Says Bank-FinTech Partnerships Must Monitor Risk
October 13, 2022  |  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...

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 >
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,...

READ MORE >