OC&C

State Regulators Sue To Block FinTech Charters
State Regulators Sue To Block FinTech Charters
October 30, 2018  |  Bank Regulation

In the latest salvo over awarding national bank charters to FinTechs spanning tech upstarts across online lending and various payments functions, the Conference of State...

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Five At Five: Would Visa Support Cryptocurrencies?
Five At Five: Would Visa Support Cryptocurrencies?
October 26, 2018  |  News

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest on how Visa views cryptocurrencies,...

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OCC Fines Capital One $100M Over AML Lapse
OCC Fines Capital One $100M Over AML Lapse
October 24, 2018  |  Regulation

The Office of the Comptroller of the Currency (OCC) announced that it has fined Capital One $100 million due to shortcomings in the company’s Bank...

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OCC Unhappy With Wells’ Response To Auto Lending Scandal
OCC Unhappy With Wells’ Response To Auto Lending Scandal
October 04, 2018  |  Regulation

The Office of the Comptroller of the Currency (OCC) isn’t satisfied with the progress Wells Fargo has made in reimbursing customers who might have been...

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FinTech Firms Courted Abroad, Legal Spat Marks US Bank Charters
FinTech Firms Courted Abroad, Legal Spat Marks US Bank Charters
September 18, 2018  |  B2B Payments

From Abu Dhabi to Singapore, government efforts are underway to court FI/FinTech collaborations. In NY, salvos of lawsuits are being lobbed over FinTech banking charters....

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OCC FinTech Efforts in Legal Crosshairs, While GDPR Still Lags
OCC FinTech Efforts in Legal Crosshairs, While GDPR Still Lags
September 17, 2018  |  Legal

The battle over FinTechs and national banking charters is about to get a bit more heated. New York state is suing the United States.  Or...

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NY Sues Fed Over OCC’s FinTech Charter Decision
NY Sues Fed Over OCC’s FinTech Charter Decision
September 14, 2018  |  Banking

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the...

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OCC To Be Sued Again Over FinTech Bank Licensing Plan
OCC To Be Sued Again Over FinTech Bank Licensing Plan
September 13, 2018  |  B2B Payments

U.S. banking watchdog the Office of the Comptroller of the Currency (OCC) is facing a lawsuit, adding another setback to its struggling effort to provide...

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Wells’ Plan To Compensate Auto Insurance Holders Rejected
Wells’ Plan To Compensate Auto Insurance Holders Rejected
September 12, 2018  |  Regulation

Wells Fargo has seen U.S. regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Reuters, citing three sources...

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