Search for: "THE COMPTROLLER OF CURRENCY"
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18 Feb 2021, 9:15 am
The company also said it began responding to a regulatory review led by the Office of the Comptroller of Currency (OCC) and Department of Justice (DOJ) in May over “historical sales practices relating to certain small business card sales. [read post]
5 Feb 2021, 8:05 am
On January 19, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB) published a final rule regarding the role of supervisory guidance for regulated institutions. [read post]
4 Feb 2021, 11:48 am
There is the real possibility that the new Comptroller of the Currency could seek to amend the Rule to address some of the concerns raised in the litigation and by critics. [read post]
28 Jan 2021, 11:42 am
” 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]
28 Jan 2021, 9:34 am
Biden’s OCC Expected to Chart New Course for Fintechs, Crypto, AMLPaymentsSource – January 27, 2021 (subscription required) The Biden administration is closing in on its nomination for chair of the Office of the Comptroller of the Currency, a job with a dramatically higher profile given the maturation of challenger banks, cryptocurrency and security risks. [read post]
26 Jan 2021, 6:04 pm
Securities and Exchange Commission, and the Office of the Comptroller of the Currency. [read post]
25 Jan 2021, 1:49 pm
Because the rules below have not yet been published in the Federal Register, the OCC may choose to withdraw them from the Office of the Federal Register for review and approval by an Acting Comptroller of the Currency appointed by President Biden (or a new Comptroller named by President Biden). [read post]
22 Jan 2021, 8:50 pm
US: draft Article 11 EMIR equivalence decision for US Prudential Regulators recognises the legal, supervisory and enforcement arrangements of the US for the exchange of collateral that apply to transactions regulated as ‘swaps’ as defined in section 721 of the Dodd-Frank Act or ‘security-based swaps’ as defined in section 761 of the Dodd-Frank Act and that are not cleared by a central counterparty as equivalent to the requirements of Article 11(3) EMIR, where at least one of… [read post]
22 Jan 2021, 10:18 am
Of the $390 million fine, $100 million is credited against a 2018 settlement in a related investigation conducted by the Office of the Comptroller of Currency, which resolved allegations that Capital One had “systemic deficiencies” in vetting it’s customers for money laundering risks. [read post]
21 Jan 2021, 9:06 am
As noted in this space earlier in the month, the Office of the Comptroller of the Currency (OCC) said that banks can utilize stablecoins in transactions, among other banking activities. [read post]
19 Jan 2021, 6:00 pm
On Thursday, the Office of the Comptroller of the Currency finalized its Fair Access to Financial Services rule, which will prevent banks from refusing to serve entire classes of customers that they find politically or morally unsavory. [read post]
19 Jan 2021, 8:34 am
The Office of the Comptroller of the Currency (OCC) issued a conditional approval last week for Anchorage Digital Bank to become the first federally-chartered crypto bank. [read post]
14 Jan 2021, 9:05 pm
” The Office of the Comptroller of the Currency finalized its “fair access” rule, which prohibits national banks from refusing to conduct business with entities in controversial industries such as fossil fuels and gun manufacturing for reasons other than financial risk. [read post]
14 Jan 2021, 5:13 pm
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
Bitcoin Daily: OCC Grants Crypto Firm Anchorage Conditional Digital Banking License; Crypto Exchange RG Coins Owner Arrested for Money LaunderingPYMNTS – January 13, 2021 The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. 13). [read post]
12 Jan 2021, 9:58 am
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
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
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, 2:56 pm
On December 18, 2020, the US Department of the Treasury (Office of the Comptroller of the Currency), Federal Reserve Board and Federal Deposit Insurance Corporation (FDIC) jointly announced a 53-page proposed rule that would require banks to notify their regulators within 36 hours of a “computer-security incident” that rises to the level of a “notification incident. [read post]
7 Jan 2021, 7:44 am
On January 4, 2021, the Office of the Comptroller of the Currency (“OCC”) published an Interpretive Letter clarifying the authority of national banks and federal savings associations to participate in independent node verification networks (“INVN”) and use stablecoins to conduct payment activities and other bank-permissible functions. [read post]
