OCC to Grant Federal Charters to Fintech Firms
The OCC “will move forward” with plans to provide special-purpose national bank charters to financial technology firms, Comptroller of the...
Legal
Federal Judge Blocks Overtime Rule from Taking Effect Next Week
A federal judge in Texas today blocked the Department of Labor's final rule doubling the salary level used to determine...
DOJ: Overseas Banks Must Share AML Information with U.S. Branches
Foreign banking organizations with U.S. operations need to ensure that their foreign operations are in compliance with U.S. anti-money laundering...
Treasury’s Szubin: Banks Must Make ‘Conscientious’ Derisking Decisions
Banks and regulators have a “shared responsibility to expand access to the financial system while protecting it from illicit activity,”...
FinCEN ‘Thinking More Creatively’ in Exercising Statutory Authority
As the Financial Crimes Enforcement Network works to ensure that the financial system that is resistant to abuse and able...
‘When Can I Call My Customer?’
This should be a simple question for bankers, but it’s not. TCPA has spawned a confusing set of rules about...
Of Deadlocks and a Divided Court
The possibility of a 4-4 deadlock hangs over three cases with repercussions for the banking industry when the Court convenes...
Court Tightens Reins on CFPB Director’s Authority
The Consumer Financial Protection Bureau’s leadership structure -- a single powerful director who cannot be removed at will by the...
OCC Proposes Receivership Framework for Uninsured National Banks
In an effort to enhance its ability to grant new limited purpose charters, the OCC is issuing a proposed rule...
Data Theft Damages: Who Pays?
When it comes to data breaches, the hack of the archaic Myspace—the failed social media platform that was rendered obsolete...
