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 
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  |  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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SoFi Granted Bank Charter
SoFi Granted Bank Charter
January 19, 2022  |  Banking

Digital finance firm SoFi Technologies was granted approval to become a national bank pending its acquisition of Golden Pacific Bancorp (GPB), according to a press...

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