OCC Examining Possibility of Limited-Purpose Fintech Charter
Comptroller of the Currency Thomas Curry said today that the OCC is examining its legal authority to offer a limited-purpose...
Technology
BAFT Supports OCC’s Call for Responsible Innovation
In a comment letter to the OCC yesterday, BAFT – ABA’s global payments subsidiary – made several recommendations in response...
IT Skills Shortage Poses Major Challenges for CIOs
Chief information officers noted a shortage of talent in new technologies as their greatest organizational challenge, according to the annual...
ABA Members Sweep American Banker’s Digital Banker Honors
American Banker yesterday named five bankers -- all of them ABA members -- as 2016 Digital Banker of the Year...
ABA: OCC Innovation Effort Sends Positive Message
In its response yesterday to the regulatory initiative in support of banking innovation, ABA welcomed the promised cooperation of the...
Lawmakers Seek More Info on Bank, Fintech Partnerships
Twelve House members, including Reps. Patrick McHenry (R-N.C.) and Jared Polis (D-Colo.) today wrote to the Government Accountability Office seeking...
OCC to Host Public Forum on ‘Responsible Innovation’
The OCC today opened registration for its upcoming forum on “Supporting Responsible Innovation in the Federal Banking System,” to be...
Weekly Infobyte: Rapid Growth of Marketplace Lending
Three top nonbank fintech marketplace lenders originated nearly $12 billion in loans in 2015, up from less than half a...
Treasury Report Calls for Stronger Oversight of Marketplace Lenders
While online marketplace lenders are subject to many of the same rules as banks for loan originations, marketplace lenders receive...
Bipartisan House Letter Cautions Treasury on Business Lending
Business lending is fundamentally different from consumer lending, and regulations should not treat them similarly, a bipartisan group of 20...
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