OC&C

OCC Head Hsu Praises ‘Careful and Cautious’ Approach to Crypto
OCC Head Hsu Praises ‘Careful and Cautious’ Approach to Crypto
November 17, 2022  |  Cryptocurrency

A cautious approach to cryptocurrencies has proven to be the right course for banks, and consumers would be wise to adopt a similar approach in...

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OCC to Open Office of Financial Technology
OCC to Open Office of Financial Technology
October 27, 2022  |  Regulation

Noting the rapidly changing banking landscape, the Office of the Comptroller of the Currency (OCC) has announced it will establish an Office of Financial Technology...

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OCC Says US Bancorp Can Buy MUFG Union Bank
OCC Says US Bancorp Can Buy MUFG Union Bank
October 14, 2022  |  Bank Regulation

The merger of San Francisco-based MUFG Union Bank, National Association into U.S. Bank, National Association has been conditionally approved by the Office of the Comptroller...

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Crypto, Bank Overlap a Focus of DC FinTech Week
Crypto, Bank Overlap a Focus of DC FinTech Week
October 14, 2022  |  Cryptocurrency

Crypto’s recent volatility has shone a spotlight on the risks digital assets can pose for banks, according to Michael Barr, vice chair for supervision of...

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OCC Chief Michael J. Hsu Says Regulators Must Monitor 3 Risks of Crypto
OCC Chief Michael J. Hsu Says Regulators Must Monitor 3 Risks of Crypto
October 11, 2022  |  Cryptocurrency

Months of turbulence in the cryptocurrency industry have made it clear that financial regulators must be cautious about how they allow crypto and the traditional...

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Expanding Crypto Lender Nexo Secures U.S. Banking Charter
Expanding Crypto Lender Nexo Secures U.S. Banking Charter
September 27, 2022  |  Cryptocurrency

A day after being sued by eight state attorneys general who claim it violated securities laws, crypto lender Nexo unveiled that it has purchased a...

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Bancorp Changes Status to National Bank Charter, Moves to South Dakota
Bancorp Changes Status to National Bank Charter, Moves to South Dakota
September 20, 2022  |  Digital-First Banking

The Bancorp Bank is dropping its Delaware charter to become a national bank and is now regulated by the Office of the Comptroller of the...

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OCC Head Reiterates Banking Regulators’ Cautious Approach to Crypto
OCC Head Reiterates Banking Regulators’ Cautious Approach to Crypto
September 07, 2022  |  Cryptocurrency

Recent events have reinforced the Office of the Comptroller of the Currency (OCC) position that lenders must ask permission before participating in the cryptocurrency industry...

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A Primer on US Stablecoin Regulations
A Primer on US Stablecoin Regulations
August 23, 2022  |  Cryptocurrency

Lawmakers and regulators say we can expect a set of guide rails for the stablecoin business by year’s end. Here’s a look at the issues...

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