OCC

President Trump is likely to replace Comptroller of the Currency Thomas Curry with an acting comptroller as soon as this week, according to the Wall Street Journal.

President Trump is likely to replace Comptroller of the Currency Thomas Curry with an acting comptroller as soon as this week, according to The Wall Street Journal.

American Banker's Rob Blackwell and Marc Hochstein discuss the pushback from state regulators and consumer advocates against the OCC's proposed charter; Chris Skinner and Jim Marous hold forth on fintech.

Banking is not a “static” business, and must be allowed to evolve, Comptroller of the Currency Thomas Curry said Friday.

The debate over banking policy has tended to leave out all the other factors examiners use to gauge institution strength, therefore sidestepping a comprehensive approach to safety and soundness regulation.

The Conference of State Bank Supervisors has sued the OCC before the agency has finalized the requirements for a fintech charter, fueling speculation state regulators are trying to delay deployment or scare away potential applicants.

Financial services companies and groups are increasingly willing to take the regulatory regime to court in an effort to fight back — and so far, they appear to be succeeding.

The Conference of State Bank Supervisors is suing the Office of the Comptroller of the Currency, arguing it lacks the legal power to create a fintech charter.

The Conference of State Bank Supervisors is suing the Office of the Comptroller of the Currency, arguing it lacks the legal power to create a fintech charter.

Fintech firms, banks, state regulators and consumer protection groups all expressed significant reservations about the Office of the Comptroller of the Currency's latest plan on its fintech charter initiative.