News Topic: OCC

The OCC has simplified language detailing how fintech charter applicants will clear requirements for meeting community needs. The move has some consumer groups worried. ... Read full article

The proposal released in May to clarify how banks comply with the proprietary trading ban would “undermine a fundamental provision" of Dodd-Frank, lawmakers said. ... Read full article

Fintech firms have the federal option they have long sought, but meeting the agency’s application requirements will not be easy. ... Read full article

The decision, unveiled just hours after the Treasury Department endorsed the charter concept, means some fintech firms could soon be regulated more like banks. ... Read full article

The OCC has terminated a 22-month-old consent order that stemmed from allegations that the bank unlawfully repossessed cars of members of the U.S. military. ... Read full article

The bank also agreed to pay a $5 million fine to settle allegations that it overcharged consumers between 2010 and 2013. ... Read full article

The federal bank regulators are considering roughly a dozen new rulemakings in response to the bill rolling back certain sections of Dodd-Frank. ... Read full article

The Fed, the FDIC and the OCC said Friday that they have begun implementing changes for regional banks under the new regulatory relief law passed in May. ... Read full article

Online lenders and other firms await news from OCC and Treasury on the future of their supervision, even as they absorb the news that Square had to temporarily pull its industry loan company application. ... Read full article

The agency will advise lenders on how to obtain partial exemptions from Home Mortgage Disclosure Act requirements that Congress adopted this spring. ... Read full article

The Office of the Comptroller of the Currency’s bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending. ... Read full article

The comptroller of the currency has tiptoed around the issue of discrimination even though he wants to overhaul a key fair-lending law. ... Read full article

Jan Lynn Owen works at the epicenter of the digital revolution, but she is unambiguously cautious about the fintech industry. ... Read full article

A senior Treasury department official said it's an "adapt or die" situation for regulators and financial firms in the midst of a growing fintech space. ... Read full article

The new guidelines are a prelude to a much larger effort by regulators to modernize implementation of the Community Reinvestment Act. ... Read full article

From a major CFPB deadline to a long-anticipated fintech report, there's a lot to watch for in the days to come. ... Read full article

Wells Fargo on the receiving end of USAA's long-standing intellectual property threat; millions are mad about Erica, Bank of America's virtual assistant; relief may be in reach for bankers fed up with SARs; and more from this week's ... Read full article

The agency has provided new information about changes large and midsize banks are making in the wake of the Wells Fargo scandal, but Senate Democrats continue to press for more details. ... Read full article