Brian Brooks

OCC chief, N.Y. regulator dig in on fintech chartering, preemption

09/09/20

Acting Comptroller of the Currency Brian Brooks and Department of Financial Services Superintendent Linda Lacewell stuck to opposing scripts on whether federal or state regulators are best equipped to protect consumers and supervise new entrants into the banking system.

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State oversight of payments giants ‘a vestige of history,' Brooks says

09/08/20

In a sharp escalation of the battle over the future of the dual banking system, the acting chief of the Office of the Comptroller of the Currency suggested that states should defer to federal authority in supervising global money transmitters.

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OCC's Brooks questions need for government-owned payment systems

08/13/20

Appearing to support decentralized systems, the acting comptroller of the currency said on a podcast that "the ultimate public ownership of the payment rails is when you have a network, like the internet, of interconnected institutions and computers."

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Why an OCC payments charter may not become reality

08/05/20

Just as legal limbo has threatened the agency’s long-running effort to create a fintech license, a charter unique to payments companies could face a court challenge, observers say.

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CRA rule done, OCC set to unveil scoring proposal

07/30/20

Acting Comptroller of the Currency Brian Brooks said the agency plans to issue new assessment procedures within weeks as a follow-up to recent Community Reinvestment Act reforms. He also touched on the “true lender” issue and why the agency is considering a narrow-purpose payments charter.

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Banks, credit unions pan OCC idea to create charter for payments firms

07/29/20

Seven trade groups said they would fight any effort by the agency to establish a tailored license for payments providers such as PayPal, Stripe and Square.

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ABA offers political lifeline on masks, and banks are relieved

07/23/20

Financial institutions want to protect customers and employees from the coronavirus but are caught in the middle of a politically charged public health debate. The stance taken by the industry’s largest trade group gives them cover.

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OCC allows banks to hold cryptocurrency assets for safekeeping

07/22/20

Responding to an unnamed bank that had sought the opinion, the regulatory agency issued an interpretive letter clarifying that an institution's custody services can be used for cryptographic keys and other digital currency-related assets.

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Rocky road ahead for bank profitability: OCC

06/29/20

With multiple business sectors reeling from the pandemic, banks are facing tighter net interest margins, provisioning more for losses and seeing their balance sheets expand, the agency said in a report.

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Where FDIC, OCC chiefs differ on post-pandemic banking

06/26/20

While they are not dramatically opposed, Jelena McWilliams and Brian Brooks have articulated their own ideas on postal banking and the use of artificial intelligence in lending.

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