OC&C

Banking-as-a-Service FinTechs Tread New Regulatory Waters
Banking-as-a-Service FinTechs Tread New Regulatory Waters
August 16, 2022  |  Regulation

In a policy letter that read like part announcement and part warning, the Consumer Financial Protection Bureau (CFPB) put FinTechs on notice in April, with...

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Senators Warren, Durbin, Whitehouse, and Sanders Ask OCC to Rescind and Replace Cryptocurrency Guidance
Senators Warren, Durbin, Whitehouse, and Sanders Ask OCC to Rescind and Replace Cryptocurrency Guidance
August 10, 2022  |  Cryptocurrency

Several U.S. senators have sent a letter asking the Office of the Comptroller of the Currency (OCC) to cut back previous cryptocurrency guidance in favor...

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Crypto Is Being Assessed Incorrectly, Says Ex-OCC Head Brian Brooks
Crypto Is Being Assessed Incorrectly, Says Ex-OCC Head Brian Brooks
June 28, 2022  |  Cryptocurrency

Former U.S. Acting Comptroller of the Currency Brian Brooks said recently that evaluating cryptocurrencies based on their capacity to serve as surrogates for the U.S....

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Regulation Weekly: EU Closes in on Crypto Decision; SEC’s Efforts May Backfire; Singapore Talks Tough
Regulation Weekly: EU Closes in on Crypto Decision; SEC’s Efforts May Backfire; Singapore Talks Tough
June 27, 2022  |  Regulation

Crypto is increasingly taking center stage in the European Union, as talks on the Markets in Crypto Asset Regulation (MiCA) legislation are reaching their endgame....

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US Comptroller Takes a Victory Lap on Crypto
US Comptroller Takes a Victory Lap on Crypto
June 24, 2022  |  Cryptocurrency

It wasn’t exactly an “I told you so,” but Comptroller of the Currency Michael Hsu didn’t mince words either when discussing crypto’s place in the...

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TechReg Weekly US: CFPB Eyes Credit Card Late Fee Rules; Data Privacy Bills Advance in Congress 
TechReg Weekly US: CFPB Eyes Credit Card Late Fee Rules; Data Privacy Bills Advance in...
June 24, 2022  |  Technology

This week, U.S. lawmakers have proposed new legislation seeking to increase customers’ control over their financial data. A new data privacy bill has also overcome...

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OCC’s Hsu Says Banks Need Caution With Crypto as Economy Ups Risks
OCC’s Hsu Says Banks Need Caution With Crypto as Economy Ups Risks
June 23, 2022  |  Cryptocurrency

The recent crypto troubles have only added to Office of the Comptroller of the Currency (OCC) Acting Chief Michael Hsu’s resistance to allow lenders to...

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OCC Seeks Data on Crypto Assets and Identity Theft 
OCC Seeks Data on Crypto Assets and Identity Theft 
June 14, 2022  |  Regulation

The Office of the Comptroller of the Currency (OCC) published last week, on June 7 and 8, two notices seeking comments about the agency’s plans...

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Crypto Regulation Weekly: More Hype; OCC Praise; Europe Gets Tough
Crypto Regulation Weekly: More Hype; OCC Praise; Europe Gets Tough
May 25, 2022  |  Cryptocurrency

Calling the cryptocurrency hype the “flywheel of growth that crypto projects seem to need to get off the ground,” the top U.S. bank regulator described...

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