Tagged: fintech charter

July 20, 2017 @ 5:06 pm By JD Alois  |  

Yesterday, the acting Comptroller of the Currency, Keith Noreika, dove into one of the hottest debates the Office of the Comptroller of the Currency (OCC) has endured in years. Noreika expressed his support on the concept of creating a national Fintech Charter to allow nascent… Read More

July 19, 2017 @ 2:44 pm By JD Alois  |  

The Acting Comptroller of the Office of the Comptroller of the Currency, Keith Noreika, answered a pressing question today in a speech delivered at the Exchequer Club in Washington, DC. Noreika asked the question of himself that everyone in finance had been wondering; “What are… Read More

June 19, 2017 @ 1:47 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) is opening up its doors at its Office of Innovation.  Announced today, the OCC will host office hours for its Office of Innovation at the OCC’s district office in New York City. The OCC is welcoming… Read More

May 30, 2017 @ 2:25 pm By Anthony Zeoli  |  

What was previously a relatively innocuous industry sector, the financial technology (or “Fintech”) industry has exploded over the past few years. With the litany of new Fintech startups and existing Fintech businesses, and even Fintech specific incubators and accelerators popping up, the Fintech revolution is… Read More

May 16, 2017 @ 10:15 pm By JD Alois  |  

Earlier this week, the Conference on State Bank Supervisors (CSBS) announced their “Vision 2020” initiative. The intent is to provide a solution for emerging Fintech firms and non-bank financial services. Vision 2020 comes after the CSBS sued the Office of the Comptroller of the Currency… Read More

May 15, 2017 @ 3:00 pm By JD Alois  |  

As we reported last week, Maria T. Vullo, the Superintendent of the New York State Department of Financial Services, filed a lawsuit against the Office of the Comptroller of the Currency (OCC), and Keith Noreika, acting Comptroller. The complaint pertains to the OCC”s Fintech Charter…. Read More

May 12, 2017 @ 6:00 pm By JD Alois  |  

The New York Department of Financial Services has filed a lawsuit in US District Court in Manhattan against the Office of the Comptroller of the Currency (OCC). The action was taken to challenge the OCC’s initiative to issue national Fintech Charters. Reuters reported the NYDFS legal… Read More

May 3, 2017 @ 11:37 am By JD Alois  |  

The Comptroller of the Currency, Thomas J. Curry, will step down on May 5, 2017, according to a release by the Office of the Comptroller of the Currency. Curry will be replaced by Keith A. Noreika who will serve as Acting Comptroller of the Currency until… Read More

April 28, 2017 @ 8:46 am By JD Alois  |  

The Conference of State Bank Supervisors (CSBS), a US organization of state bank regulators, filed a complaint against teh Comptroller of the Currency in the US district court of Columbia this week. The action was against the much debated Fintech Charter that was launched to… Read More

April 11, 2017 @ 8:30 pm By Erin Hobey  |  

  “Fintech, online lending, AI and privacy are complicated issues, so we’ve created innovative solutions and approaches that D.C. embraces once they understand them. Our message to Washington is: call us! We have someone to translate tech speak and “bureaucratese” for all of Washington’s questions.”… Read More

March 16, 2017 @ 12:44 pm By JD Alois  |  

As expected, the Office of the Comptroller of the Currency has published a draft licensing manual regarding the creation of a Fintech Charter. The draft is a supplement to the agency’s existing Licensing Manual and explains how Fintech firms may apply for special purpose bank charters…. Read More

February 7, 2017 @ 12:07 pm By Timothy Li  |  

The Office of Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was created by the National Currency Act of 1863 (154 years ago, 20 years before the automobile was invented by Karl Benz from Germany)…. Read More

February 6, 2017 @ 10:53 am By JD Alois  |  

Last December, the Office of the Comptroller of the Currency (OCC) – part of the Department of Treasury-  proposed a “National Bank Charter for Fintech Companies”. The exploration stirred up a hornet’s nest of public officials that were not too pleased the OCC would think… Read More

January 22, 2017 @ 2:47 pm By JD Alois  |  

The concept of a Fintech Charter for emerging firms in the financial services industry has generated plenty of attention on Capitol Hill and with Fintech entrepreneurs. Originally pitched by the Office of the Comptroller of the Currency towards the end of last year, a comment… Read More

January 21, 2017 @ 3:38 pm By JD Alois  |  

“If you want something new, you have to stop doing something old” ― Peter F. Drucker The Office of the Comptroller of the Currency (OCC) rattled the cages of big finance and state regulators in proposing a possible “Fintech Charter” to license and regulate emerging… Read More

January 17, 2017 @ 5:32 pm By JD Alois  |  

    I expect to see more of these comment letters as battle lines have clearly been drawn regarding the debate on the proposed Office of the Comptroller of the Currency (OCC) Fintech Charter. In brief, the OCC has proposed crafting a Fintech Charter for… Read More

January 17, 2017 @ 12:32 pm By JD Alois  |  

Financial Innovation Now (FIN) has sent a letter to the Office of the Comptroller (OCC) of the Currency in support of the OCC’s initiative to support Fintech innovation. FIN is an alliance of big tech including; Apple, Amazon, PayPal, Intuit and Google (Alphabet). As big… Read More

January 14, 2017 @ 5:23 pm By JD Alois  |  

  The Office of the Comptroller of the Currency is still accepting comments on the proposed Fintech Charter for financial firms looking to operate with a federal charter. The deadline was initially set for January 15th but one report says the OCC has pushed the… Read More

January 12, 2017 @ 3:11 pm By JD Alois  |  

The Marketplace Lending Association has called on Congress, and the incoming Trump Administration, to become a catalyst for Fintech innovation and not an obstacle. In a letter addressed to House and Senate leaders, Nathaniel Hoopes, Executive Director of the MLA, asked Congress to move  away… Read More

January 10, 2017 @ 1:02 pm By JD Alois  |  

Senators Sherrod Brown and Jeffrey Merkley have published a letter, sent to Thomas Curry, Comptroller of the Office of the Comptroller of the Currency (OCC), bashing his push to create a Fintech charter for innovative financial firms. Brown and Merkley state; “While we share your… Read More