Post Tagged with: "OCC"

Start Working on Your Submissions to Get Those Bank Charters, Fintechs

Start Working on Your Submissions to Get Those Bank Charters, Fintechs

by December 5, 2016 at 12:39 pm 0 comments

The Office of the Comptroller of the Currency has made its decision; it is now “up to the fintechs” to gather and submit applications for a banking license, an OCC spokesman told Bank Innovation. In his announcement Friday, Thomas Curry, Comptroller of the Currency said that the OCC will begin “considering” applicationsRead More

Open Letter to the OCC: Make Real Innovation Possible

Open Letter to the OCC: Make Real Innovation Possible

by July 7, 2016 at 11:20 am 4 comments

A trifling blogger on banking innovation writes to the Office of the Comptroller of the Currency, despite its historically apathetic view on such matters.

Despite Subpoena, OCC Taps Lending Club for ‘Responsible Innovation’ Guidance

Despite Subpoena, OCC Taps Lending Club for ‘Responsible Innovation’ Guidance

by May 17, 2016 at 11:29 am 0 comments

The Office of the Comptroller of the Currency announced yesterday that it was turning to — brace yourself — Lending Club for guidance on “responsible innovation.” Lending Club disclosed yesterday that it was subpoenaed by the Department of Justice. On June 23, the OCC will hold a forum entitled, “Supporting ResponsibleRead More

OCC Issues New Guidance on Banks’ Third-Party Relationships

OCC Issues New Guidance on Banks’ Third-Party Relationships

by October 30, 2013 at 10:10 am 1 comment

Risk managers might want to add a little “Irish” to their coffee this morning. The Office of the Comptroller of the Currency issued new guidance for banks’ third-party relationships today, citing concerns about the growing complexity of financial institutions’ relationships with vendors. “We have concerns regarding the quality of riskRead More

Even if Government Shuts Down, Expect Business as Usual at Bank Regulators

Even if Government Shuts Down, Expect Business as Usual at Bank Regulators

by September 30, 2013 at 12:10 pm 3 comments

How will a government shutdown affect the regulatory bodies that cover banking? It seems that since the agencies’s funding is not predicated by Congress, so they won’t be directly affected. At the Federal Deposit Insurance Corp., for example. it will be business as usual. “As a non-appropriated agency, we anticipateRead More

Bankers Getting ‘Classified’ OCC Briefings on Cybersecurity, Comptroller Reveals

Bankers Getting ‘Classified’ OCC Briefings on Cybersecurity, Comptroller Reveals

by September 18, 2013 at 4:24 pm 0 comments

It’s not just Edward Snowden who is getting classified intelligence. Thomas J. Curry, the Comptroller of the Currency, today disclosed that some bankers, vendors and regulators for the first time are getting “classified briefings” on cybersecurity. Curry broke the news today during a speech on cybersecurity and banking before the ExchequerRead More

Regulators Need to Start Innovating on the Regulatory Burden

Regulators Need to Start Innovating on the Regulatory Burden

by May 22, 2013 at 10:19 am 6 comments

No one should be surprised that regulatory compliance concerns cast a long shadow over FinTech startups. What is surprising, however, is just how much longer is that shadow today. If you want to create a FinTech startup today, you are advised to start your strategic thinking with a review ofRead More