Tagged: occ

October 8, 2026 @ 4:30 pm By Press Release  |  

This post was originally published on OCC.gov WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a cease-and-desist order and a $350 million civil money penalty against American Express National Bank, Sandy, Utah (bank), for deficiencies in the bank’s Bank Secrecy Act (BSA) and… Read More

October 7, 2026 @ 9:00 am By Press Release  |  

This post was originally published on OCC.gov Comptroller affirms support for community banks to combat fraud;Reemphasizes banks’ role on the front lines of protecting consumers WASHINGTON—Comptroller of the Currency Jonathan V. Gould convened a panel of community bankers in Minneapolis, Minnesota, October 6 to discuss… Read More

October 7, 2026 @ 9:00 am By Press Release  |  

This post was originally published on OCC.gov Comptroller affirms support for community banks to combat fraud;Reemphasizes banks’ role on the front lines of protecting consumers WASHINGTON—Comptroller of the Currency Jonathan V. Gould convened a panel of community bankers in Minneapolis, Minnesota, October 6 to discuss… Read More

October 6, 2026 @ 7:38 am By Omar Faridi  |  

Community bankers have taken the Office of the Comptroller of the Currency (OCC) to federal court, arguing that the agency has stretched its chartering power to let cryptocurrency firms enter the banking system under a lighter set of rules than traditional lenders face. On October… Read More

October 5, 2026 @ 4:30 pm By Press Release  |  

This post was originally published on OCC.gov WASHINGTON–The Office of the Comptroller of the Currency (OCC) today hailed the 2026 update to the U.S. National Strategy for Financial Literacy, underscoring the agency’s commitment to helping Americans develop practical skills to make sound financial decisions, build… Read More

September 21, 2026 @ 5:21 pm By Omar Faridi  |  

Bastion Platforms has taken a step toward federal banking oversight after the Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for the conversion of its New York state trust company into a national trust bank. The decision, issued on September 18, 2026,… Read More

September 9, 2026 @ 3:10 pm By Omar Faridi  |  

Block Inc. (NYSE: XYZ) has taken a notable step toward deeper integration with the U.S. banking system by applying for a specialized federal charter. The payments and financial technology company, led by co-founder Jack Dorsey, disclosed on September 8, 2026, that it submitted a request… Read More

August 17, 2026 @ 7:06 am By Omar Faridi  |  

On August 14, 2026, the Office of the Comptroller of the Currency (OCC) issued preliminary conditional approval for a national trust bank charter application submitted by World Liberty Trust Company, National Association. The entity is linked to World Liberty Financial, a cryptocurrency platform in which… Read More

August 12, 2026 @ 3:28 pm By JD Alois  |  

This past week, it was reported that Netherlands-based digital bank bunq had been denied a US charter by the Office of the Comptroller of the Currency. The response sent to bunq’s legal representation in the US was uncharacteristically harsh and critical of the Fintech’s attempt… Read More

August 11, 2026 @ 7:53 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) has rejected an application from Amsterdam-based digital bank Bunq to establish a new national bank in the United States. In a decision letter dated August 4, 2026, and made public shortly thereafter, the regulator determined that… Read More

July 24, 2026 @ 11:27 am By JD Alois  |  

The GENIUS Act became law in 2025, but rules crafted by various regulators were due on July 18, 2026. Today, the American Fintech Council distributed a statement on the Office of the Comptroller of the Currency and its AML/CFT requirements. The OCC’s proposal is viewable… Read More

June 19, 2026 @ 8:47 am By Omar Faridi  |  

Federal agencies are moving forward with rules that would require stablecoin issuers to verify customer identities in a manner closely aligned with longstanding requirements for traditional banks. The joint proposal, released on June 18, 2026, implements key provisions of the Guiding and Establishing National Innovation… Read More

May 26, 2026 @ 10:52 am By JD Alois  |  

Digital bank Revolut wants to become a federally chartered bank in the US. The successful UK-based Fintech is already approved to provide banking services in the EU. Revolut Bank UAB is licensed by the European Central Bank (ECB) and regulated by the Bank of Lithuania…. Read More

May 21, 2026 @ 8:00 am By Omar Faridi  |  

Fintech professional Simon Taylor has shared key insights after the White House just issued an executive order under the Trump Administration requiring the SEC, CFTC, FDIC, OCC, CFPB, as well as the NCUA, to identify any applicable rules that block fintech firms within the next… Read More

May 9, 2026 @ 12:16 pm By Omar Faridi  |  

Payward, the parent entity of cryptocurrency exchange Kraken, has taken a step toward expanding its regulated operations in the United States. On May 8, 2026, the company submitted an application to the Office of the Comptroller of the Currency (OCC) for a national trust company charter…. Read More

May 2, 2026 @ 8:16 am By Omar Faridi  |  

ConsenSys has recently shared a detailed comment letter that was submitted this week focused on key stablecoin ecosystem developments. Blockchain infrastructure provider ConsenSys offered constructive feedback on the Office of the Comptroller of the Currency’s (OCC) proposed regulations for payment stablecoins under the GENIUS Act…. Read More

April 30, 2026 @ 10:12 am By JD Alois  |  

Mercury Bank has received conditional approval for a national bank charter by the Office of the Comptroller of the Currency. In a public statement,  Immad Akhund, co-founder and CEO of Mercury, said they applied for a bank charter as founders need a bank that is… Read More

April 8, 2026 @ 1:34 pm By Omar Faridi  |  

Lorum, a correspondent institution that is currently serving financial institutions operating in the United States, has reportedly submitted an application for a US national bank charter. This is said to he part of a move that the company says will pave the way forward for… Read More

April 6, 2026 @ 9:54 am By Omar Faridi  |  

The Bank Policy Institute (BPI), an organization associated with some of the largest financial institutions in the US, is actively exploring the possibility of taking legal action against the Office of the Comptroller of the Currency (OCC). The dispute revolves around the federal regulator’s recent… Read More

April 2, 2026 @ 4:29 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has received conditional approval from the Office of the Comptroller of the Currency (OCC) to operate as a federally chartered trust company. A federally chartered trust company, or national trust bank, is a special-purpose financial institution that is not a bank but can… Read More