Court Rules that Debt Collector Violated FDCPA with Communication to Dunning Vendor -
A federal appellate court has recently ruled that a debt collector violated certain privacy requirements under the federal Fair Debt...more
6/1/2021
/ Appeals ,
Bank Holding Company ,
Bank Holding Company Act ,
Banking Sector ,
Biden Administration ,
Climate Change ,
Congressional Review Act ,
Cryptocurrency ,
Debt Collectors ,
Digital Assets ,
Executive Orders ,
FDCPA ,
FDIC ,
FinTech ,
Fintech Charter ,
OCC ,
Predatory Lending ,
Proposed Legislation ,
Public Comment ,
Qualified Mortgage Rule ,
Regulation Z ,
Risk Assessment ,
Special Purpose National Bank Charter ,
Third-Party Service Provider ,
Time Extensions ,
True Lender
On May 5, 2021, the Federal Reserve Board (the “Board”) published for public comment proposed guidelines (the “Account Access Guidelines”) for the 12 regional Federal Reserve Banks (the “Reserve Banks”) to use when reviewing...more
On December 7, 2020, several bank and credit union trade associations (collectively, the “Associations”) submitted a joint letter (the “Letter”) to the Office of the Comptroller of the Currency (the “OCC”) opposing the...more
On February 7, all-mobile banking services startup Varo Money, Inc. (“Varo”) received the FDIC’s approval of its federal deposit insurance application for Varo Bank, N.A. (in formation) (the “Bank”). The FDIC’s approval...more
Federal Banking Agencies Adopt Simplified Capital Calculation for Community Banks
The federal banking agencies have issued a final rule that will simplify capital requirements for community banks by allowing them to adopt...more
10/31/2019
/ Accounting Standards ,
Banks ,
Beneficial Owner ,
BSA/AML ,
Comment Period ,
Community Banks ,
Compliance ,
EGRRCPA ,
FASB ,
Federal Reserve ,
Federal Savings Associations ,
Final Rules ,
FinCEN ,
FinTech ,
Fintech Charter ,
Leverage Ratio ,
National Bank Act ,
NYDFS ,
OCC ,
OREO Properties ,
Pending Legislation ,
Smaller Reporting Companies ,
Special Purpose National Bank Charter ,
Statutory Authority ,
Volcker Rule
On October 21, 2019, Judge Victor Marrero of the U.S. District Court of the Southern District of New York issued a final decision and order in New York State’s challenge to the OCC’s statutory authority to grant special...more
On September 3, 2019, Judge Dabney Friedrich of the U.S. District Court for the District of Columbia dismissed the Conference of State Bank Supervisors’ (“CSBS”) second suit challenging the Office of the Comptroller of the...more
On August 5, the Federal Reserve Board announced that it will develop a new 24x7x365 real-time payment and settlement service to support faster payments in the United States. In a speech at the Federal Reserve Bank of Kansas...more
On May 2, 2019, Judge Victor Marrero of the U.S. District Court of the Southern District of New York denied two of three counts of the OCC’s Motion to Dismiss New York State’s challenge to the OCC’s statutory authority to...more
On March 19, 2019, the New York State Department of Financial Services (“NYDFS”) filed a brief in opposition to the Office of the Comptroller of the Currency’s (“OCC”) motion to dismiss the NYDFS’ lawsuit challenging the...more
3/27/2019
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Banking Sector ,
Chevron Deference ,
CSBS ,
Federal Reserve ,
FinTech ,
Fintech Charter ,
Motion to Dismiss ,
NYDFS ,
OCC ,
Popular ,
Special Purpose National Bank Charter
Some commenters have opined that the litigation risk surrounding the Office of the Comptroller of the Currency’s (“OCC”) proposed special purpose national bank charter for Fintechs (“Fintech Charter”) is deterring applicants...more
The framework of a regulatory sandbox should allow for informal dialogue with regulators at the idea or initial concept and early design stages, and controlled experiments with real-time regulatory input and feedback at the...more
12/5/2018
/ Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Federal Reserve ,
Financial Services Industry ,
FinTech ,
Fintech Charter ,
Global Financial Innovation Network (GFIN) ,
OCC ,
Popular ,
Regulatory Standards ,
Sandbox ,
Special Purpose National Bank Charter ,
U.S. Treasury
Headlines -
...OCC to Begin Accepting Applications for Bank Charters for Fintech Companies
...Agencies Issue Rules Implementing 18-Month Exam Cycles for Community Banks...more
8/31/2018
/ Bank Holding Company ,
Banking Examinations ,
Banking Sector ,
Community Banks ,
EGRRCPA ,
FinTech ,
Fintech Charter ,
Liquidity Coverage Ratio ,
Municipal Securities Issuers ,
Notice Requirements ,
OCC ,
Regulation P