WASHINGTON – The Office of the Comptroller of the Currency has opened registration for a June forum on "supporting responsible innovation" in the banking industry.
"It demonstrates our commitment to maintaining an open, active dialogue regarding innovation, and will help further our thinking as we develop our framework for responsible innovation," Comptroller of the Currency Thomas Curry said in a press release Monday.
Topics to be discussed at the June 23 event, to be held in the OCC's Washington headquarters, will include financial innovation trends, risk management, financial inclusion and consumer protection. The forum will be free and live-streamed.
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Fed up with the hassles of applying for a multitude of state licenses and relying on bank partners, fintech firms are increasingly interested in applying for a national bank charter and federal regulators are considering ways to accommodate them.
May 9 -
A white paper released Thursday said the agency might issue new guidance on fintech product development, third-party risk management and new products targeting the underbanked; streamline its licensing procedures; and appoint experts on "responsible innovation." It is still deciding whether to open an office dedicated to monitoring the fintech sector.
March 31 -
Startups, including one in the virtual currency field, have approached the Office of the Comptroller of the Currency about applying for banking charters, the agency's chief counsel said Thursday.
March 10 -
The Office of the Comptroller of the Currency is trying to "supercharge" its process for reviewing financial innovations in an effort to keep pace with a glut of new products inside and outside the banking system.
August 10
In recent months the OCC has demonstrated its interest in addressing fintech issues. In March it released a