- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2022-10-27T16:57:00
The Office of the Comptroller of the Currency (OCC) will heighten its focus on the financial technology (fintech) space with the creation of a new department.
The Office of Financial Technology will “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape,” the OCC announced Thursday. The new office will be led by a chief financial technology officer reporting to the senior deputy comptroller for bank supervision policy.
The office will “provide strategic leadership, vision, and perspective for the OCC’s financial technology activities and related supervision,” said the agency.
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2023-03-31T16:49:00Z By Jeff Dale
The Office of the Comptroller of the Currency established its Office of Financial Technology to supervise the fintech industry as it grows at a “rapid pace.”
2023-03-17T14:37:00Z By Kyle Brasseur
The Federal Reserve and other U.S. banking agencies are working to develop joint guidance to clarify regulatory expectations around third-party risk management, according to Fed Governor Michelle Bowman.
2022-11-30T20:55:00Z By Aaron Nicodemus
The Office of the Comptroller of the Currency’s new procedures for assessing civil penalties establishes fines as high as $400 million for misconduct—more than double the highest total in previous guidance—based on the size of the institution and severity of the violations.
2025-04-02T18:50:00Z By Aaron Nicodemus
The Securities and Exchange Commission (SEC)’s pivot in favor of crypto took another step as the agency indicated it wants to resolve a long-standing lawsuit against the crypto exchange Gemini.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
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