Tagged: occ

December 22, 2016 @ 2:04 pm By Thomas LeTrent and Aaron Schwartz  |  

Market credibility and an emphasis on better transparency will be two key factors for marketplace lending in 2017. 2017 will be a pivotal year for the marketplace lending (MPL) space as the market will seek stabilization in both confidence and venture funding, following a challenging… Read More

December 14, 2016 @ 12:53 pm By JD Alois  |  

Fitch Ratings is out with a note on the recently announced Comptroller of the Currency (OCC) Fintech charter. The OCC has crafted a document to allow digital banks to become regulated entities by receiving federal bank charters. Fitch is of the opinion the Fintech charter… Read More

December 10, 2016 @ 2:54 pm By JD Alois  |  

Moody’s is out with a note commenting on the Office of the Comptroller of the Currency’s recent announcement it will offer Special Purpose Bank Charters for Fintech firms.  The move by the OCC was in recognition of the growing importance of Fintech and the movement… Read More

December 2, 2016 @ 4:29 pm By JD Alois  |  

In a speech today, Thomas Curry, Comptroller of the Currency, announced the creation of National Bank Charters for Fintech firms.  As part of the announcement, the Office of the Comptroller of the Currency (OCC) published a paper entitled; Exploring Special Purpose National Bank Charters for… Read More

December 2, 2016 @ 3:44 pm By JD Alois  |  

Thomas Curry, Comptroller of the Currency, Officially Announces Bank Charters for Fintech In a speech delivered at Georgetown University today, Thomas Curry, Comptroller of the Currency, announced the creation of special purpose national bank charters for Fintech companies. The announcement was driven by an ongoing discussion… Read More

November 1, 2016 @ 1:05 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) is one of a dozen or so federal agencies that has regulatory oversight on financial institutions. Financial innovation or Fintech is challenging long-held processes and firms and the OCC is attempting to update and adjust to… Read More

October 31, 2016 @ 2:56 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has announced the creation of the Office of Innovation to implement its Fintech framework.  The Office will be up and running by Q1 of 2017. The new entity will be headed by a Chief Innovation Officer… Read More

June 23, 2016 @ 11:24 pm By JD Alois  |  

Speaking at the Office of the Comptroller (OCC) Forum on “Supporting Responsible Innovation in the Federal Banking System”, Thomas Curry reaffirmed his previous statement on Fintech there needs to be thoughtful change in the banking sector. The OCC published a report on Fintech earlier this… Read More

June 10, 2016 @ 9:16 am By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) published a report earlier this spring entitled, “Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective.” While the name may a bit convoluted the report is basically about Fintech and the financial system as… Read More