Offcie of the Comptroller of the Currency

13 results about this entity

Period: 17 Sep 2018 - 21 Sep 2021

/regulation

OCC hits MUFG Union Bank with cease and desist order over IT failings

The Office of the Comptroller of the Currency (OCC) today issued a Cease and Desist Order against MUFG Union Bank, N.A.

/regulation

OCC terminates Wells Fargo AML consent order

Wells Fargo & Company (NYSE: WFC) today announced that the Office of the Comptroller of the Currency (OCC) has terminated a 2015 consent order related to the company’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program.

/crypto

OCC approves the use of stablecoins for banking transactions

Top US banking regulator, the Office of the Comptroller of the Currency, has approved the use of stablecoins for the settlement of financial transactions by banks.

/inclusion

Oportun Applies for National Bank Charter with the Office of the Comptroller of the Currency

Oportun Financial Corporation (Nasdaq: OPRT), a mission-driven financial institution providing inclusive, affordable financial services, today announced it has submitted an application with the OCC to establish Oportun Bank, N.A.

/regulation

USAA fined $85 milion for defective compliance and IT risk management

The Office of the Comptroller of the Currency (OCC) today assessed a $85 million civil money penalty against USAA, Federal Savings Bank.

/crypto

Top US regulator paves the way for banks to offer crypto custody

The Office of the Comptroller of the Currency (OCC) has given the green light for banks to begin offering cryptocurrency custody services.

/regulation

OCC lists cyber threats and emerging technologies in risk outlook

The Office of the Comptroller of the Currency (OCC) today reported operational, credit, and interest rate risks are among the key themes for the federal banking system in its Semiannual Risk Perspective for Fall 2019.

US regulators approve alternative data to assess creditworthiness

Federal banking regulators in the US have given their support to the use of the alternative data other than traditional credit scores in determining creditworthiness.

/regulation

US financial regulators join Global Financial Innovation Network

The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining the Global Financial Innovation Network (GFIN).

New York defeats OCC in legal battle over bank charters

The US Office of Comptroller of the Currency has suffered a potentially fatal setback in its attempts to offer banking charters to fintechs after a New York judge ruled that the agency was acting beyond its remit.

OCC seeks input on innovation pilots

US Federal banking agency the OCC (Office of the Comptroller of the Currency) is soliciting feedback on an innovation pilot programme to provide early regulatory input on new products and business models proposed by financial institutions.

OCC fines Capital One $100 million for AML deficiencies

The Office of the Comptroller of the Currency (OCC) recently assessed a $100 million civil money penalty against Capital One, N.A., and Capital One Bank (USA), N.A. for deficiencies in the bank’s Bank Secrecy Act/Anti-Money Laundering program.