House Republicans press OCC’s Hsu on bank-fintech partnership
WASHINGTON – A group of Republicans led by House Financial Services Committee Ranking Member Patrick McHenry, RN.C., wrote a letter to Acting Comptroller of the Currency...
Tagged: AB – Policy and regulation
Why the administration is letting crypto burn
I have been on this forbut as we head into what could be the first vanilla recession of the 21st century, it’s worth reflecting on how...
The real problem with bank-fintech partnerships
Between the passage of the Dodd-Frank Act in 2010 and roughly the beginning of the Trump administration in 2017, there was one core meta-question floating around...
OCC requires Blue Ridge Bank to improve monitoring of fintech partners
Charlottesville, Virginia-based Blue Ridge Bank has agreed to strengthen its anti-money laundering program and improve oversight of fintech partners in response to concerns from federal regulators....
Banking groups are asking the Biden administration for a bigger crypto role
WASHINGTON – The nation’s top banking trade associations told the Biden administration that its cautious approach to digital assets is stifling the industry, while the broader...