Comptroller Of The Currency news and trends

US Lawmakers Debate Dueling Stablecoin Bill Drafts
Regulation // May 18, 2023

U.S. lawmakers faced off Thursday (May 18) over two proposed stablecoin bills. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
Bank Regulation // July 07, 2022

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration, and the Office of the Comptroller of the Currency (the agencies), on Wednesday, July 6, issued a joint statement urging...

OCC’s Hsu: Stablecoins Can Boost Innovation If Regulated Like Banks
Cryptocurrency // January 13, 2022

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 a financial conference today (Jan. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Biden to Name CBDC Advocate Saule Omarova to Lead OCC
Personnel // September 23, 2021

President Joe Biden has announced that he plans to nominate Saule Omarova for Comptroller of the Currency and Claudia Slacik as Member of the Securities Investor Protection Corporation, according to a White House press release. Get the Full Story Complete the form to unlock this...

Quick Reads
OCC Head: AI Offers Banks Benefits and Risks as It Is ‘Built to Learn’

June 16, 2023
For Michael J. Hsu, the acting U.S. Comptroller of the Currency, the potential benefits of using widespread artificial intelligence (AI) in banking “are significant.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS […]

Biden to Name CBDC Advocate Saule Omarova to Lead OCC

September 23, 2021
President Joe Biden has announced that he plans to nominate Saule Omarova for Comptroller of the Currency and Claudia Slacik as Member of the Securities Investor Protection Corporation, according to...

OCC Tells Banks Not To Hide Under The Cover Of COVID

July 13, 2020
The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Get the Full Story...

OCC: Lockdowns Could Challenge Stability Of Banking System

June 02, 2020
Brian P. Brooks, Acting Comptroller of the Currency, said in a series of letters that some states’ long-term efforts to curb the coronavirus could lead to reduced real estate values...