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 program aims to provide eligible companies with valuable regulatory input early in the testing of innovative activities that could result...
The White House’s move to appoint Joseph Otting as the Comptroller of the Currency in November underscores the changing relationship between the nation’s largest banks and the federal government. Otting is the first banker in decades to run the OCC. According to a report in...
Joseph Otting, Comptroller of the Currency, says that rules on short-term, small-dollar lending should be relaxed so U.S. banks are able to offer loans to cash-strapped consumers. According to Financial Times, strict underwriting rules and the negative publicity surrounding loans with such high annual interest...
The Office of the Comptroller of the Currency (OCC) is getting ready to release its position on a proposed charter for online lenders and other FinTech companies in the next three months. According to Reuters, FinTech companies have been waiting to see if OCC Chief...
May 15, 2019
The U.S. Comptroller of the Currency (OCC) has told Congress he would use his office’s power to review any candidate put forward by Wells Fargo as the scandal-plagued bank’s new CEO, according to a report by Reuters. Joseph Otting told the governing body that he would use legal powers usually reserved for the oversight of […]
April 30, 2019
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 program aims to provide eligible...
June 11, 2018
The White House’s move to appoint Joseph Otting as the Comptroller of the Currency in November underscores the changing relationship between the nation’s largest banks and the federal government. Otting...
April 26, 2018
Joseph Otting, Comptroller of the Currency, says that rules on short-term, small-dollar lending should be relaxed so U.S. banks are able to offer loans to cash-strapped consumers. According to Financial...
