Rain is the latest digital asset company seeking to launch a national trust bank. The stablecoin payments infrastructure company announced Monday (Oct. 5) that it has applied to the Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank (RNTB). If...
Independent Community Bankers of America sued the Office of the Comptroller of the Currency, alleging that the regulator authorized cryptocurrency firms to enter the banking system without being subject to the same scrutiny as community banks, according to a Friday (Oct. 2) press release from the association. The lawsuit centers...
The Office of the Comptroller of the Currency rated three banks “outstanding” and 10 “satisfactory” in its latest list of banks examined for Community Reinvestment Act (CRA) compliance, the OCC said in a Thursday (Oct. 1) press release. Among the OCC’s performance evaluations that became...
The first comment period on the Office of the Comptroller of the Currency’s proposed application forms for payment stablecoin issuers closed Friday (Sept. 25), with banks asking the regulator to put more emphasis on the risk controls of nonbank applicants. The July 27 OCC notice...
August 10, 2026
A national bank charter promises FinTechs a more direct route into U.S. financial services. But the Office of the Comptroller of the Currency (OCC) is making clear that getting one requires more than transplanting an existing technology or overseas banking model into a federally regulated bank. Two recent rejection letters make that point. As reported […]
July 01, 2026
For FinTechs weighing whether to become banks, the biggest obstacle arguably has been understanding where regulatory standards have tripped up other applicants. The Office of the Comptroller of the Currency...
April 08, 2026
Regulators’ proposed anti-money laundering (AML) rulemaking, introduced this week, offers a clear path for how compliance will be expected to operate as financial services continue to digitize and expand across...
March 26, 2026
A House Financial Services subcommittee hearing examined how much uncertainty banks must absorb as regulators overhaul their approach in real time. Subcommittee Chairman Bryan Steil, R-Wisc., framed the stakes in...
October 06, 2026
Rain is the latest digital asset company seeking to launch a national trust bank. The stablecoin payments infrastructure company announced Monday (Oct. 5) that it has applied to the Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank (RNTB). If approved, RNTB will “bring the custody, reserve management, and stablecoin […]
October 02, 2026
Independent Community Bankers of America sued the Office of the Comptroller of the Currency, alleging that the regulator authorized cryptocurrency firms to enter the banking system without being subject to the same...
October 02, 2026
The Office of the Comptroller of the Currency rated three banks “outstanding” and 10 “satisfactory” in its latest list of banks examined for Community Reinvestment Act (CRA) compliance, the OCC...
September 20, 2026
U.S. financial regulators have issued conditional approvals for three new national trust banks. The Office of the Comptroller of the Currency (OCC) on Friday (Sept. 18) granted those approvals for...
