OCC: OCC to Consider FinTech Charter Applications, Seek Comment
WASHINGTON — Comptroller of the Currency Thomas J. Curry today announced that the Office of the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose national banks. During remarks at the Georgetown University Law Center, the Comptroller described several reasons for considering special purpose…
OCC: Comptroller Discusses CRA and Affordable Housing
WASHINGTON — Comptroller of the Currency Thomas J. Curry today discussed efforts to enhance compliance supervision and the Community Reinvestment Act (CRA). Mr. Curry, speaking to a gathering of the National Association of Affordable Housing Lenders, also noted that CRA performance and compliance are critical aspects of the business of banking. Related Links Remarks (PDF) Comptroller…
OCC: Web-Based System for Licensing and Public Welfare Investment Filings to Launch in 2017
WASHINGTON — The Office of the Comptroller of the Currency (OCC) will launch a web-based system for banks to file licensing and public welfare investment applications and notices beginning early next year. The Central Application Tracking System (CATS) is designed to help authorized national banks, federal savings associations, and federal branches and agencies to draft,…
OCC: Responsible Innovation Framework Released
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it will establish an office dedicated to responsible innovation and implement a formal framework to improve the agency’s ability to identify, understand, and respond to financial innovation affecting the federal banking system. “The OCC supports responsible innovation that enhances the safety and…
OCC: Newsletter Focuses on Housing Financing in Indian Country
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Development Investments newsletter entitled “Housing Financing in Indian Country: Spotlight on HUD’s Title VI Program.” This issue describes the Department of Housing and Urban Development’s (HUD) Title VI loan guarantee program, and presents examples of how banks have…
Interagency: OCC, FDIC & Federal Reserve Issue Study on Banking Activities and Investments
Agencies Issue Study on Banking Activities and Investments The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today released a report to the Congress and the Financial Stability Oversight Council on the activities and investments that banking entities may engage in under applicable law. Section 620…