OKCoin Says Institutional Investors Benefit Most From OCC Crypto Clarity
The Conference of State Bank Supervisors, banking law scholars and consumer advocacy organizations filed amicus briefs siding with the New York State Department of Financial Services in its court batt
Financial-technology firm Varo Money said it had received a national bank charter, clearing the final hurdle in its quest to become a bank
The acting Connecticut Consumer Counsel wants more than $8 million returned to customers. Regulators are saying actions are under way.

CRA rule done, OCC set to unveil scoring proposal

07:28pm, Thursday, 30'th Jul 2020
Acting Comptroller of the Currency Brian Brooks said the agency plans to issue new assessment procedures within weeks as a follow-up to recent Community Reinvestment Act reforms. He also touched on th
The complaint filed by New York, California and Illinois argues that the regulation, issued in response to the 2015 Madden decision, undermines state laws intended to protect consumers.
Seven trade groups said they would fight any effort by the agency to establish a tailored license for payments providers such as PayPal, Stripe and Square.
Avanti Financial Group founder & CEO Caitlin Long says the latest crypto and banking breakthrough spearheaded by the Office of the Comptroller of the Currency (OCC) has implications that are far more
Bank in the United States can now hold cryptocurrency on behalf of their clients, according to an official letter published by The Office of the
The latest OCC clarification opens the door for crypto-custody in US banking, following in the footsteps of international competitors.
Sales in Canada totaled C$850 million for the first five months of the year, meaning that 2020 sales could surpass C$2 billion.
Federal savings associations and national banks within the US can now officially provide cryptocurrency custody services to its respective customers. This comes after a guidance [...]
National banks and federal savings associations in the U.S. can provide cryptocurrency custody services for customers, a federal banking regulator said in a guidance letter intended to clarify the rol
Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.
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