Licenses and charters

FDIC defends right to charter new banks against OCC criticism

08/04/17

After repeated attacks from acting Comptroller of the Currency Keith Noreika, the Federal Deposit Insurance Corp. defended its role in greenlighting prospective bank applicants.

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‘Permission to commit legal extortion’: Comments of the week

07/28/17

Readers react to the CFPB’s final arbitration rule, a new potential hurdle for initial coin offerings, a housing finance reform proposal and more.

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Why are we still separating banking and commerce?

07/27/17

It is only a matter of time before bankers and policymakers realize that the concept keeping banks and non-financial entities apart no longer has any underlying support.

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Citi ready to turn the page; oversight for ICOs?

07/26/17

Citigroup hopes to return $60 billion to shareholders by 2020 while earning $20 billion a year; SEC says companies that raise money by selling their own electronic tokens for cryptocurrencies may be subject to federal oversight.

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A quick guide to what’s at stake in the SoFi charter controversy

07/25/17

Social Finance’s application for an industrial loan charter has not only drawn opposition from a coalition of incumbent banks and community activists, it also serves as a microcosm of several perennial debates in financial services policy.

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‘New York doesn’t allow that’: Maria Vullo stares down fintechs, OCC

07/14/17

While some policymakers are open to accommodating fintech companies with looser oversight compared to banks, the New York State superintendent is unapologetic about her tough approach.

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The credit union for people who breathe air: Comments of the week

07/14/17

Readers slam credit unions’ ever-inclusive membership criteria, weigh in on the OCC’s proposed fintech charter, encourage a rewrite of the CRA, and more.

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Why OCC fintech charter may have life under new leader

07/07/17

Observers see recent comments by acting Comptroller of the Currency Keith Noreika as a sign that the agency may plow ahead on its policy for fintech firms.

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Interim OCC chief should put fintech charter on ice

05/08/17

Acting Comptroller of the Currency Keith Noreika should take some time to assess whether the agency’s fintech charter is developing in a way that best serves the public.

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Why some states are losing more banks than others

04/05/17

Arizona, Nevada, Florida and North Carolina have lost more banks than other states, based on the percentage decline since 2010. Each has a unique set of reasons that goes beyond regulation and a dearth of de novo activity.

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