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Though the Protego submission was undoubtedly submitted and began undergoing review during Brooks’ tenure, it is notable to see an approval post-Brooks. [read post]
1 Feb 2021, 9:29 am by William Ford, Victoria Gallegos
Introductory remarks will be made by Brookings Foreign Policy Program Director Suzanne Maloney, and the panel will be moderated by Brookings Senior Fellow Michael E. [read post]
28 Jan 2021, 11:42 am by Ronald K. Vaske
”   The final rule was issued on January 14, the same day that Acting Comptroller of the Currency Brian Brooks stepped down at the OCC. [read post]
The fate of the OCC’s Community Reinvestment Act (“CRA”) final rule, issued on May 20, 2020, hangs in the balance following the inauguration of President Biden on January 20 and the resignation of former Acting Comptroller Brian Brooks, who was a major proponent of the rule, on January 14. [read post]
  (Acting Comptroller Brian Brooks left the OCC on January 14 and Chief Operating Officer Blake Paulson was named Acting Comptroller upon Mr. [read post]
25 Jan 2021, 10:14 am by Victoria Gallegos
Reynolds, senior Brookings fellow, about existing reform proposals. [read post]
19 Jan 2021, 8:34 am by Carleton Goss and Patrick J. Boot
It is unclear whether the OCC’s digital asset and innovation-friendly agenda will slow down now that Brian Brooks has stepped down as Acting Comptroller of the Currency. [read post]
14 Jan 2021, 5:13 pm by Jeremy T. Rosenblum and Ronald K. Vaske
The final rule was issued on the same day that Acting Comptroller of the Currency Brian Brooks stepped down at the OCC. [read post]
14 Jan 2021, 9:14 am by Kristian Soltes
In a statement, Acting Comptroller Brian Brooks cautioned that granting chartering authority to the CFPB could blur the division of regulatory labor set up in the wake of the 2008 financial crisis, pushing back on a key recommendation from a CFPB task force report released earlier this week. [read post]
The CFPB’s Taskforce on Federal Consumer Financial Law released its report making recommendations on how to improve consumer protection in the financial marketplace. [read post]
7 Jan 2021, 9:05 pm by Joshua Burd
Acting Comptroller of the Currency Brian Brooks said that the rule will allow banks to develop new, real-time payment technologies without lingering legal uncertainty. [read post]
7 Jan 2021, 3:14 pm by Jeremy T. Rosenblum and Mindy Harris
On January 5, 2021, the Attorneys General of New York, California, Colorado, the District of Columbia, Massachusetts, Minnesota, New Jersey, and North Carolina filed a voluminous Complaint in federal district court for the Southern District of New York against the OCC and Acting Comptroller of the Currency Brian Brooks, seeking to set aside the final “true lender” rule adopted by Acting Comptroller Brooks (the “Rule”), which became effective on… [read post]
7 Jan 2021, 7:44 am by Rene T. McNulty
” Acting Comptroller of the Currency, Brian Brooks, inferred in the related press release that the latest guidance is geared toward leveraging the cryptocurrency industry to keep pace, stating that “[w]hile governments in other countries have built real-time payments systems, the United States has relied on our [read post]
23 Dec 2020, 4:26 pm by Adam Levitin
Consider it a stocking stuffer for the Acting Comptroller, Brian Brooks, and a bit of goodwill toward mankind. [read post]
9 Dec 2020, 5:50 am by Alan S. Kaplinsky
  Another possibility is that the Biden Administration will replace Acting Comptroller Brian Brooks with an (Acting) Comptroller who will initiate a rulemaking to repeal or significantly amend the OCC’s “true lender” rule. [read post]
8 Dec 2020, 6:34 am by Patrick J. Boot
In terms of what is on the horizon, Comptroller Brian Brooks publicly stated that the digital asset community should expect “a lot of good news for crypto” in the coming weeks, including how banks may connect to blockchain-based payment networks as well as more clarity on digital assets generally. [read post]
29 Nov 2020, 9:03 pm by Lucas Siegmund
Despite this litigation challenging the lawfulness of the fintech charter, Comptroller Brian Brooks—the head of the OCC—announced in June 2020 that the OCC intends to create a new payments charter designed exclusively for fintech payments firms, such as Venmo or MoneyGram, which hold users’ funds and transfer funds between accounts. [read post]
15 Nov 2020, 3:13 pm by Richard Hunt
Oct. 20, 2020), Brian Whitaker v. 1810 Downtown Rest., Corp., et al,  2020 WL 6493748, at *5 (C.D. [read post]