OC&C

FinTech Charter Hits Speed Bump
FinTech Charter Hits Speed Bump
May 06, 2019  |  Regulation

The suit can proceed. The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial...

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NY Lawsuit Against FinTech Banking Licenses Can Proceed
NY Lawsuit Against FinTech Banking Licenses Can Proceed
May 03, 2019  |  Bank Regulation

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on...

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OCC Opens Public Comment Period For Innovation Pilot Program
OCC Opens Public Comment Period For Innovation Pilot Program
April 30, 2019  |  Regulation

The Office of the Comptroller of the Currency (OCC) announced it has opened a 45-day public comment period on its proposed Innovation Pilot Program. The...

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Mr. Sloan Goes To Washington
Mr. Sloan Goes To Washington
March 12, 2019  |  Bank Regulation

Call it a movie that features a less than-thrilled-to-have-top-billing star. Call it Mr. Sloan Goes to Washington. As has been widely reported, the scandals engulfing...

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Trump Admin Allows Faster Fed, OCC Bank Merger Approvals
Trump Admin Allows Faster Fed, OCC Bank Merger Approvals
February 14, 2019  |  Regulation

Banks are finding it easier to merge since Donald Trump took office, and since federal regulators have revised policies to make the approval process faster...

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FinTechs Want Access To Fed’s Payment Systems, Settlement Services
FinTechs Want Access To Fed’s Payment Systems, Settlement Services
January 14, 2019  |  Digital Banking

At a time when the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. are looking at giving federal bank licenses...

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Taking On Financial Crime With Tech, CCOs Must ‘Abandon Fear’
Taking On Financial Crime With Tech, CCOs Must ‘Abandon Fear’
December 14, 2018  |  Bank Regulation

 Multiple regulators issued a joint statement encouraging banks to embrace innovation when it comes to battling financial crime.  In an interview with PYMNTS, DLA Regulatory...

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Amid AML Efforts, Regulators Focus On FinTech
Amid AML Efforts, Regulators Focus On FinTech
December 10, 2018  |  Regulation

Much regulatory focus this past week came with headlines on anti-money-laundering efforts, aided by tech. As reported, a number of regulatory agencies — among them...

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OCC Warns Wells Fargo Over Tech, Security Issues
OCC Warns Wells Fargo Over Tech, Security Issues
November 06, 2018  |  Bank Regulation

Wells Fargo’s regulatory woes continue. According to a report in The Wall Street Journal on Wednesday (Nov. 7), the bank in “recent weeks” has been sent a...

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