OC&C

NY Sues Fed Over OCC’s FinTech Charter Decision
NY Sues Fed Over OCC’s FinTech Charter Decision
September 14, 2018  |  Banking

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the...

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OCC To Be Sued Again Over FinTech Bank Licensing Plan
OCC To Be Sued Again Over FinTech Bank Licensing Plan
September 13, 2018  |  B2B Payments

U.S. banking watchdog the Office of the Comptroller of the Currency (OCC) is facing a lawsuit, adding another setback to its struggling effort to provide...

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Wells’ Plan To Compensate Auto Insurance Holders Rejected
Wells’ Plan To Compensate Auto Insurance Holders Rejected
September 12, 2018  |  Regulation

Wells Fargo has seen U.S. regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Reuters, citing three sources...

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FBI Probes Amex FX Pricing Practices
FBI Probes Amex FX Pricing Practices
September 06, 2018  |  Global Payments

The Federal Bureau of Investigation (FBI) is investigating the pricing practices of American Express’s foreign exchange international payments department. Citing people familiar with the matter,...

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OCC Starts Process To Rewrite The Community Reinvestment Act
OCC Starts Process To Rewrite The Community Reinvestment Act
August 29, 2018  |  Bank Regulation

The Office of the Comptroller of the Currency is aiming to rewrite the 1977 Community Reinvestment Act, which is designed to encourage bank lending in...

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GDPR Challenges Indian Firms While FinTechs Eye Charters With Caution
GDPR Challenges Indian Firms While FinTechs Eye Charters With Caution
August 20, 2018  |  Bank Regulation

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection...

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FinTechs Wary Of US Bank Charter Plan
FinTechs Wary Of US Bank Charter Plan
August 15, 2018  |  Banking

Despite having the chance to apply for banking licenses with the Office of the Comptroller of the Currency, many online lenders are proceeding with caution....

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Fed Finds Biz Lending Swell Continues, But There’s A Downside
Fed Finds Biz Lending Swell Continues, But There’s A Downside
August 07, 2018  |  B2B Payments

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the...

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Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape
Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape
August 06, 2018  |  Regulation

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change...

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