Tagged: thomas curry

June 30, 2018 @ 5:18 am By JD Alois  |  

The Milken Institute has officially launched their Fintech Advisory Committee – a group that was previously revealed during Milken’s annual conference in Los Angeles. Jackson Mueller, head of the Fintech program at Milken, said that the cost of financial intermediation has largely remained unchanged for 100… Read More

May 9, 2018 @ 2:33 pm By Samantha Hurst  |  

Tom Curry, a partner in Nutter’s Corporate and Transactions Department and co-leader of the Boston-based law firm’s Banking and Financial Services group, has been appointed chair of Milken Institute’s Fintech Advisory Committee. Curry is the former Comptroller of the Currency and was the public official who launched… Read More

April 12, 2018 @ 1:04 pm By JD Alois  |  

The Independent Community Bankers of America (ICBA) “stormed” Washington, DC this past week as community bankers from across the country urged much needed regulatory reform. The ICBA pronounced the “excessive and unnecessary regulation is stifling their ability to meet the needs of local communities.” As part… 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 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 @ 11:52 am By JD Alois  |  

“That ability to adapt and evolve to meet the changing needs of customers and the marketplace is as critical” Thomas Curry, the Comptroller of the Currency, delivered a speech today at Kellogg School of Management in Chicago. The speech comes at an interesting time as… Read More

April 27, 2017 @ 7:01 am By Erin Hobey  |  

US state regulators have filed a lawsuit against the Office of the Comptroller of the Currency, upping the ante in an increasingly bitter dispute over the federal agency’s plans to offer bank charter status to qualifying fintech firms, according to a release. The complaint, lodged by… Read More

March 24, 2017 @ 9:37 am By JD Alois  |  

  Comptroller of the Currency Thomas Curry recently said the Office of the Comptroller of the Currency will be issuing Fintech Charters. While the hope was the OCC would create a light touch, streamlined approach to empowering Fintech firms to operate across the US without… 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

March 10, 2017 @ 12:17 pm By JD Alois  |  

LendItUSA, the annual event that jumps between New York City and San Francisco everu 12 months, opened up to larger audiences and an industry sector that endured a challenging year. The online lending sector received a two-punch assault in 2016; a battle that left the… Read More

March 7, 2017 @ 10:21 am By JD Alois  |  

Comptroller of the Currency Thomas J. Curry delivered a speech yesterday (March 6, 2017) at the annual LendIt conference where he discussed his recent proposal for a Fintech Charter. The OCC Fintech Charter, as it is described, is designed to bring innovative financial firms under… 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 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

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

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

July 27, 2016 @ 10:19 am By JD Alois  |  

The Online Lenders Policy Institute is hosting its first “Marketplace Lending Policy Summit” in Washington, DC in September and they have two marquee names headlining the event. Congressman Patrick McHenry, an author of the JOBS Act and Fintech champion, will be one of the keynote… 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