ABA Calls for Greater Clarity on Criminal Penalties in OCC’s Licensing Standard
In a comment letter to the OCC yesterday, ABA offered feedback on recent proposed changes to the agency’s licensing policies and procedures.
Browsing: Licensing
OCC Issues Proposal to Update, Clarify Licensing Policies
The OCC is seeking public feedback on proposed changes to its licensing policies and procedures.
OCC Moves to Electronic Fingerprinting
The OCC today issued a bulletin informing banks that in July 2019 it will begin using an electronic fingerprinting process for its background investigations.
Podcast: Reversing the De Novo Flatline
In the more than eight years since the Dodd-Frank Act passed, just 13 new U.S. banks have been chartered — and in some years, no new banks have been chartered at all. ABA Chairman Ken Burgess, who co-founded FirstCapital Bank of Texas as a de novo two decades ago, is concerned about these numbers.
FDIC to Post Key Performance Metrics on Website
Under a major new transparency initiative, the FDIC will publish key performance metrics on its website, agency chairman Jelena McWilliams said today.
OCC to Move Forward with Plans for Fintech Bank Charter
The OCC will move ahead with plans — first announced under Comptroller Joseph Otting’s predecessor — to consider applications from fintech companies for special-purpose national bank charters, the agency said today.
OCC Policy to Make It Easier for Banks to Fix CRA Problems
The OCC today issued a revised policies and procedures manual spelling out its approach to licensing applications from banks that have non-satisfactory Community Reinvestment Act ratings, either overall or in a particular geographic region.
ABA Urges OCC to Post Proposed Fintech Charters for Comment
To ensure transparency and clarity as the OCC begins granting special-purpose national bank charters for fintech companies, ABA urged the agency to solicit public comment and pursue federal interagency cooperation when it weighs action on charter applications.
OCC Issues Draft Licensing Manual for Fintech Charter Applicants
The OCC today released its long-awaited draft licensing manual for fintech companies seeking the agency’s new limited-purpose national bank charters.
Curry Addresses Fintech Charter Questions in Speech
The OCC’s plan to issue limited-purpose national bank charters to fintech companies is not a path to “light-touch” regulation, nor will it mix banking and commerce, Comptroller of the Currency Thomas Curry said at an industry conference in New York today.