The Treasury Department is reportedly taking the lead in the Trump Administration’s efforts to streamline oversight and ease regulation in the banking sector. Treasury Secretary Scott Bessent has been holding private meetings with bank agencies over the past month, Bloomberg reported Thursday (April 17). Bessent has met with Federal Reserve Governor Michelle Bowman, Federal...
The Office of the Comptroller of the Currency (OCC) said Wednesday (April 16) that it will combine some of its supervision activities; blend its risk identification, analysis and policy efforts; and elevate its Information Technology and Security (ITS) function. These organizational changes will be effective...
A Bloomberg report released late Monday (April 14) says that JPMorgan Chase and Bank of New York Mellon have scaled back electronic information sharing with the Office of the Comptroller of the Currency (OCC) following a significant breach of the regulator’s email system. Bloomberg cited...
The Office of the Comptroller of the Currency (OCC) said Tuesday (April 8) that it notified Congress of a “major security incident” in which there was unauthorized access to OCC emails and email attachments. The agency discovered some unusual activity on Feb. 11, activated its...
March 10, 2025
Blockchain and banking have, since the former’s inception, operated almost entirely at odds. Cryptocurrencies, after all, were invented as a decentralized method to store value, designed to operate outside of the intermediaries and custodial third parties that make up the traditional, regulated financial system. The original bitcoin whitepaper’s very first sentence talks about the goal […]
December 24, 2024
This year was marked by a steady drumbeat of regulations and rules — and requests from regulators for information and comments from financial services players — touching on everything from...
September 03, 2024
Technology and third-party relationships — with service providers and digitally-focused FinTechs — have helped transform banks’ operations. Banks have been able to pivot fully into the digital age, serving a...
July 12, 2024
Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts may be too vague, critics...
April 18, 2025
Capital One and Discover Financial Services said Friday (April 18) that they have received all required regulatory approvals to complete Capital One’s proposed acquisition of Discover. With approvals announced Friday by the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC), the companies now expect the transaction to close May 18, […]
April 17, 2025
The Treasury Department is reportedly taking the lead in the Trump Administration’s efforts to streamline oversight and ease regulation in the banking sector. Treasury Secretary Scott Bessent has been holding private meetings with bank...
April 16, 2025
The Office of the Comptroller of the Currency (OCC) said Wednesday (April 16) that it will combine some of its supervision activities; blend its risk identification, analysis and policy efforts;...
April 14, 2025
A Bloomberg report released late Monday (April 14) says that JPMorgan Chase and Bank of New York Mellon have scaled back electronic information sharing with the Office of the Comptroller...
