The case put forward by the Conference of State Bank Supervisors which challenged the OCC’s fintech charter has been dismissed...
The OCC released data sharing guidelines that have been met with mixed reviews, especially amongst fintechs and data aggregators; “I...
Brian Brooks became the Acting Comptroller of the Currency last Friday and he hit the ground running; he issued a...
The Office of the Comptroller of the Currency (OCC) has been regulating national banks since the time of Abraham Lincoln....
With the announcement of the pending resignation of Comptroller of the Currency, Joseph Otting, it didn’t take long for a...
The Office of the Comptroller of the Currency (OCC) released its fintech charter in March; many state regulators oppose the charter saying the OCC doesn't have the authority to offer the charter and that the charter is dangerous, unnecessary and violates state sovereignty; Brian Knight from the Mercatus Center at George Mason University discusses these arguments and how state legislation may evolve with the introduction and debate of the fintech charter. Source
The FDIC and other regulators announced in a joint statement yesterday that banks should re-enter the business of making short...
Moody's has issued comments on the OCC's announcement to offer a fintech charter; says the fintech charter would help reduce legal risks from partner bank funding; focuses on the effects from the charter on partner bank funding relationships; says banks could stop relying on partner banks to fund loan originations. Source
According to Beth Knickerbocker, the OCC’s Chief Innovation Officer, the pilot program for banks to test innovative products will be...
Many of us in this industry will be glad to see the last of 2016. It has been a difficult...