OC&C

OCC Says US Bancorp Can Buy MUFG Union Bank
OCC Says US Bancorp Can Buy MUFG Union Bank
October 14, 2022  |  Bank Regulation

The merger of San Francisco-based MUFG Union Bank, National Association into U.S. Bank, National Association has been conditionally approved by the Office of the Comptroller...

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Crypto, Bank Overlap a Focus of DC FinTech Week
Crypto, Bank Overlap a Focus of DC FinTech Week
October 14, 2022  |  Cryptocurrency

Crypto’s recent volatility has shone a spotlight on the risks digital assets can pose for banks, according to Michael Barr, vice chair for supervision of...

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OCC Chief Michael J. Hsu Says Regulators Must Monitor 3 Risks of Crypto
OCC Chief Michael J. Hsu Says Regulators Must Monitor 3 Risks of Crypto
October 11, 2022  |  Cryptocurrency

Months of turbulence in the cryptocurrency industry have made it clear that financial regulators must be cautious about how they allow crypto and the traditional...

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Expanding Crypto Lender Nexo Secures U.S. Banking Charter
Expanding Crypto Lender Nexo Secures U.S. Banking Charter
September 27, 2022  |  Cryptocurrency

A day after being sued by eight state attorneys general who claim it violated securities laws, crypto lender Nexo unveiled that it has purchased a...

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Bancorp Changes Status to National Bank Charter, Moves to South Dakota
Bancorp Changes Status to National Bank Charter, Moves to South Dakota
September 20, 2022  |  Digital-First Banking

The Bancorp Bank is dropping its Delaware charter to become a national bank and is now regulated by the Office of the Comptroller of the...

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OCC Head Reiterates Banking Regulators’ Cautious Approach to Crypto
OCC Head Reiterates Banking Regulators’ Cautious Approach to Crypto
September 07, 2022  |  Cryptocurrency

Recent events have reinforced the Office of the Comptroller of the Currency (OCC) position that lenders must ask permission before participating in the cryptocurrency industry...

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A Primer on US Stablecoin Regulations
A Primer on US Stablecoin Regulations
August 23, 2022  |  Cryptocurrency

Lawmakers and regulators say we can expect a set of guide rails for the stablecoin business by year’s end. Here’s a look at the issues...

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Banking-as-a-Service FinTechs Tread New Regulatory Waters
Banking-as-a-Service FinTechs Tread New Regulatory Waters
August 16, 2022  |  Regulation

In a policy letter that read like part announcement and part warning, the Consumer Financial Protection Bureau (CFPB) put FinTechs on notice in April, with...

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Senators Warren, Durbin, Whitehouse, and Sanders Ask OCC to Rescind and Replace Cryptocurrency Guidance
Senators Warren, Durbin, Whitehouse, and Sanders Ask OCC to Rescind and Replace Cryptocurrency Guidance
August 10, 2022  |  Cryptocurrency

Several U.S. senators have sent a letter asking the Office of the Comptroller of the Currency (OCC) to cut back previous cryptocurrency guidance in favor...

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