Browsing: Fintech


The American Bankers Association joined several financial trade associations today in a letter to Acting Comptroller of the Currency Brian Brooks expressing concerns about the OCC’s plans to move forward with a narrow-purpose payments charter, noting that they would strongly oppose efforts to do so.  


As part of its ongoing effort to support innovation, the FDIC issued a request for information today seeking input on whether a public/private standard-setting and voluntary certification program could be established to support financial institutions’ efforts implement innovative models, products and services developed by third-party fintech firms.


Acting Comptroller of the Currency Brian Brooks will focus on promoting “responsible innovation” in the banking sector and continuing OCC modernization, he said in a statement upon taking office from former Comptroller Joseph Otting.

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