Tag: OCC

OCC Wants to End Banks’ Discrimination of Disfavored Businesses Including Crypto Companies

OCC Wants to End Banks’ Discrimination of Disfavored Businesses Including Crypto Companies

The OCC is proposing a rule change that compels large U.S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank Act’s mandate. Discrimination Against Disfavored […]

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US bank regulator unveils push to compel banks to provide fairer access to banking services

US bank regulator unveils push to compel banks to provide fairer access to banking services

A proposed rule from the US Office of the Comptroller of the Currency seeks to provide a particular kind of equitable relief to affected businesses: fairer access to banking services.  Published on November 20, the OCC’s stated position is that “banks should provide access to services, capital, and credit based on the risk assessment of […]

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Crypto-Friendly OCC Chief Hints At More Crypto Banks Coming Soon

As the cryptocurrency market marches ahead for the next bull run, the buzz for crypto banks is on the rise. In his recent interview with Forbes, Brian Books, the acting chief of the Office of the Comptroller of the Currency (OCC) hinted at more crypto banks coming to the market. Brooks is well-known for being […]

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Trump nominates Brian Brooks for full five-year term as U.S. Comptroller of the Currency

Trump nominates Brian Brooks for full five-year term as U.S. Comptroller of the Currency

President Donald Trump nominated Brian Brooks, who currently serves as the acting Comptroller of the Currency, to a full five-year term on Tuesday. The nomination was included in a raft of nominations released by the White House. Brooks took over the Comptroller’s office in May after the departure of Joseph Otting. Otting first took office […]

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OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins

OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins

The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better position to issue stable digital currencies. […]

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All stocks could become tokenized, says SEC chairman Clayton

All stocks could become tokenized, says SEC chairman Clayton

Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), appears to believe in blockchain technology’s power and thinks that all stocks could become tokenized one day. In a webinar hosted jointly by the Chamber of Digital Commerce and blockchain startup Securrency on Friday, Clayton said all stock trading is today electronic, compared to […]

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