OCC’s Noreika Endorses ABA-Backed ‘Madden Fix’
Acting Comptroller of the Currency Keith Noreika today backed a legislative approach that would clarify which laws apply to interest rates on loans if the loans are resold.
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OCC’s Noreika Embraces Fintech Charter
In a long-awaited speech today, Acting Comptroller of the Currency Keith Noreika embraced the OCC’s plans to issue special purpose national bank charters to fintech companies and emphasized that the plan upholds high bank-like standards and offers a level playing field.
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.
Chamber Survey: Small Biz Execs Believe Financial Reform Would Help
Two-thirds of small business executives rely a great deal or a moderate amount on banks to grow and maintain their businesses, according to a survey conducted by Morning Consult for the U.S. Chamber of Commerce.
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.
House Task Force Offers Recommendations on Fighting Terror Financing
A bipartisan House Financial Services Committee task force today released a report on combating the financing of terror.
ABA Opposes New Overreaching CU Membership Proposal
In a comment letter to the National Credit Union Administration today, ABA expressed strong opposition to an additional proposal by the credit union regulator to amend its chartering and field of membership requirements for federal credit unions seeking community charters.
ABA Sues Credit Union Regulator Over Field of Membership Rule
Immediately after the National Credit Union Administration’s publication today in the Federal Register of a controversial final rule further expanding the already loose fields of membership from which federal credit unions can draw their customers, ABA filed a lawsuit in federal court to stop NCUA from implementing the rule.