OC&C

Wells Fargo Sees Regulatory Order Eliminated as Company Moves Past Account Opening Scandals
Wells Fargo Sees Regulatory Order Eliminated as Company Moves Past Account Opening Scandals
January 20, 2022  |  Bank Regulation

Wells Fargo has had a 2015 regulatory order from the Office of the Comptroller of the Currency (OCC) eliminated, which involved add-on products which Wells...

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US State Banking Regulators Drop Lawsuit Over FinTech Charters
US State Banking Regulators Drop Lawsuit Over FinTech Charters
January 14, 2022  |  Regulation

A group of U.S. banking regulators withdrew their lawsuit that sought to block the federal government from granting bank charters to FinTech companies.  The Conference of...

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OCC’s Hsu: Stablecoins Can Boost Innovation If Regulated Like Banks
OCC’s Hsu: Stablecoins Can Boost Innovation If Regulated Like Banks
January 13, 2022  |  Cryptocurrency

There are a number of ways to read between the lines of the speech about stablecoins Acting Comptroller of the Currency Michael Hsu made at...

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NCUA Tells FICUs Crypto Trading is OK — If Big Exchanges Provide the Service
NCUA Tells FICUs Crypto Trading is OK — If Big Exchanges Provide the Service
December 21, 2021  |  Cryptocurrency

When it comes to reading between the lines of financial regulators’ advisory letters, tone matters. Take last week’s letter from the National Credit Union Administration...

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Saule Omarova, Biden’s Nominee to Regulate Big Banks, Withdraws Bid to Head OCC
Saule Omarova, Biden’s Nominee to Regulate Big Banks, Withdraws Bid to Head OCC
December 07, 2021  |  Bank Regulation

After two months of hand-wringing and criticism from the financial industry and political opponents who feared President Biden’s nominee to oversee the nation’s top banks...

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Regulators Focus on Crypto, Hoping to Avoid Another Post-Crisis Reckoning
Regulators Focus on Crypto, Hoping to Avoid Another Post-Crisis Reckoning
December 07, 2021  |  Cryptocurrency

In its Semiannual Risk Perspective report, the Office of the Comptroller of the Currency (OCC) elevated digital assets in the banking sector to one of...

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OCC Urges ‘Caution’ for FIs Offering Crypto-Related Financial Services
OCC Urges ‘Caution’ for FIs Offering Crypto-Related Financial Services
December 06, 2021  |  News

Caveat emptor, goes the Latin warning. The translation: Buyer beware. Cryptos may be luring the masses, but the Office of the Comptroller of the Currency...

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Biden’s OCC Pick Grilled by Senate Over Soviet Union Childhood, Undergrad Work
Biden’s OCC Pick Grilled by Senate Over Soviet Union Childhood, Undergrad Work
November 19, 2021  |  Politics

The rocky road to confirm President Joe Biden’s pick to head the Office of the Comptroller of the Currency (OCC) hit potholes during the Senate...

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Senate Could Scrap Biden’s OCC Choice Saule Omarova Ahead of Vote
Senate Could Scrap Biden’s OCC Choice Saule Omarova Ahead of Vote
October 20, 2021  |  Politics

Senate Democrats are divided in their support of President Joe Biden’s nomination to lead the Office of the Comptroller of the Currency (OCC) Saule Omarova...

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