The Office of the Comptroller of the Currency (OCC) has issued a guidance to national banks and federal savings associations addressing buy now, pay later (BNPL) lending. “The OCC expects banks that offer BNPL loans to do so in a manner that is safe and sound, provides fair access...
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 finance system to interact, Acting Comptroller of the Currency Michael J. Hsu said Tuesday (Oct. 11). In a speech delivered...
July 10, 2024
Banks can help combat fraud targeting consumers by verifying the accuracy of transactions, educating the public, and maintaining strong controls and fraud monitoring capabilities, Acting Comptroller of the Currency Michael J. Hsu said. Speaking Wednesday (July 10) during the Financial Literacy and Education Commission’s Public Meeting, Hsu said that while artificial intelligence and other new […]
December 06, 2023
The Office of the Comptroller of the Currency (OCC) has issued a guidance to national banks and federal savings associations addressing buy now, pay later (BNPL) lending. “The OCC expects banks that offer BNPL...
October 11, 2022
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 finance system to interact, Acting...
