Licenses and charters

Credit union group wins special purpose bank charter in Michigan

05/20/19

Credit Union Trust, a new credit union service organization, has obtained a bank charter that it will use in offering trust and investment-related services.

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‘We were willing to shock historical norms’: Otting on OCC’s makeover

05/19/19

The comptroller, now a year and a half on the job, discusses his attempts to revamp the supervision process for national banks and make the agency run more efficiently.

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Fintech charter delayed following court ruling: Otting

05/15/19

A recent court decision allowing New York’s financial regulator to proceed in a case meant to block the Office of the Comptroller of the Currency from offering fintechs a new federal banking charter is having a chilling effect on potential applicants.

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N.Y. regulator’s suit to stop fintech charter gets green light

05/02/19

The Office of the Comptroller of the Currency had sought to dismiss the case, but a court ruling suggested that the state regulator’s claim may have merit.

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OCC seeks comment on fintech pilot program

04/30/19

The proposed program would allow companies to test innovative products that “present significant opportunities or benefits” for consumers, businesses and other financial institutions.

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Robinhood angered banks. Now it wants to be one

04/22/19

The fintech company, which was forced to rebrand its cash management product last year after misleading marketing caused a backlash, is seeking a national bank charter.

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A path forward for public banks?

04/03/19

A bill recently introduced in the California state assembly would create a framework for local governments to set up their own taxpayer-owned banks. It’s more specific than other public-bank proposals, which raised more questions than they answered, but still faces long odds.

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Fed, FDIC to hold public meetings on BB&T-SunTrust deal

03/14/19

The Federal Reserve and Federal Deposit Insurance Corp. will hold two public meetings on BB&T's planned purchase of SunTrust to consider the deal's impact on the U.S. banking system

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Who will regulate BB&T-SunTrust?

02/27/19

With the two companies said to be still mulling which charter to seek, the various options each have possible advantages and drawbacks.

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Former CFPB staffer named Florida's banking commissioner

02/26/19

Ronald Rubin, who was a CFPB enforcement attorney, will head an office overseeing nearly 200 state-chartered banks.

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