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The marketplace lender's application for an industrial bank charter is under fire from small banks and progressives, who say it could violate the barrier between banking and commerce and shut out middle-class and lower-income consumers.
July 19 -
The Office of the Comptroller of the Currency is planning to ask for public feedback on a proposal on whether and how to change the Volcker Rule.
July 19 -
Acting Comptroller of the Currency Keith Noreika made it clear that he supports the creation of a federal charter for fintech firms while also arguing that abusive lending happens at state-chartered firms, not national banks.
July 19 -
The bank’s once-vaunted bond trading unit reports its second bad quarterly performance in a row; Cordray tells OCC it’s too late to stop rule prohibiting mandatory arbitration.
July 19 -
The OCC and CFPB are engaging in a high-stakes battle over the latter agency's effort to rein in mandatory arbitration clauses, in a rare public spat between federal regulators.
July 18 -
Acting Comptroller of the Currency Keith Noreika has asked the CFPB to delay publishing its final arbitration rule, citing concerns about how it will impact the safety and soundness of banks.
July 17 -
The industry and GOP lawmakers face short time frames and other challenges in trying to repeal the Consumer Financial Protection Bureau's arbitration rule.
July 13 -
Tucked away in the Treasury Department’s regulatory reform report released last month was a nascent effort to reform the way regulators implement the Community Reinvestment Act.
July 10 -
The OCC says banks face growing “strategic risks” from trying to compete and team up with fintech startups; U.K. investor group wants banks to provide more nonfinancial information about their conduct and culture.
July 10 -
The Office of the Comptroller of the Currency told a somewhat familiar story Friday about the industry's risk environment.
July 7 -
Observers see recent comments by acting Comptroller of the Currency Keith Noreika as a sign that the agency may plow ahead on its policy for fintech firms.
July 7 -
In his short time in office, acting Comptroller of the Currency Keith Noreika has already taken public digs at two other banking agencies and signaled he isn't going to play it safe.
June 23 -
Federal regulators supported several changes the banking industry has been seeking in an appearance before the Senate Banking Committee on Thursday, acknowledging the need to limit the Volcker Rule and better define systemically important banks.
June 22 -
Acting Comptroller of the Currency Keith Noreika is expected Thursday to offer detailed proposals to loosen regulatory restrictions on financial institutions of all sizes, including simplification of the Volcker Rule, streamlined processes for approving de novos and curbs on CFPB exam authority.
June 21 -
The new acting chief of one of Washington’s major banking regulators has agreed to stay away from issues involving dozens of former legal clients, including 14 banks that the agency oversees, according to his ethics agreement.
June 12 -
The acting Comptroller of the Currency named longtime OCC official Michael Sullivan as deputy comptroller for economics.
May 23 -
Treasury Secretary Steven Mnuchin is expected to face tough questions on the OCC, Glass-Steagall and housing finance reform when he testifies on Thursday.
May 16 -
Democrats on the Senate Banking Committee are raising concerns that a move by Treasury Secretary Steven Mnuchin to appoint Keith Noreika as acting comptroller was done to circumvent Senate vetting.
May 11 -
There are barriers to possible efforts by acting Comptroller of the Currency Keith Noreika to act unilaterally to change the Volcker Rule.
May 11 -
As Keith Noreika takes over as acting head of the Office of the Comptroller of the Currency on Friday, he faces a daunting challenge: a precipitous drop in morale at the agency.
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