OCC


Policy

US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins

Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday.

Former Acting Comptroller of the Currency Brian Brooks

Markets

OCC Economist Cites Benefits of Issuing Bank Charters to Stablecoin Providers

The OCC's head economist said in a paper that chartering stablecoin providers would offer benefits to consumers as well as to the firms themselves.

OCC

Policy

Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter

Paxos has filed to become a federally regulated bank with the U.S. Office of the Comptroller of the Currency, joining BitPay and Anchorage.

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Policy

Crypto Startup BitPay Files to Become Federally Regulated US Bank

Crypto payments firm BitPay has filed to become a national bank in the U.S., according to a Dec. 8 legal notice.

BitPay CEO Stephen Pair

Policy

We Don't Need the OCC's 'Political Discrimination' Rule

A proposed OCC rule would stop banks from using political criteria in lending. But with depoliticized funding vehicles now available, it's not necessary, says our columnist.

Payday Loan Companies Face Tougher Regulations

Policy

Waters Tells Biden to Rescind OCC Crypto Guidance; May Be Part of Anti-Trump, Anti-Crypto Offensive

The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers.

U.S. Representative Maxine Waters, who chairs the House Financial Services Committee

Policy

OCC Chief Hints at Coming 'Good' Actions on Crypto by End of Trump's Term

Brooks hinted at a flurry of crypto clarity actions in the next 6 weeks that could drive more institutions into the asset class.

Former Acting Comptroller of the Currency Brian Brooks

Markets

Crypto-Friendly Brooks Gets Nod to Serve 5-Year Term Leading Bank Regulator

Outgoing U.S. President Donald Trump has nominated Acting Comptroller Brian Brooks to a full term leading the bank regulator.

Acting U.S. Comptroller Brian Brooks

Markets

US Representatives Rip OCC, Brooks for 'Excessive Focus' on Crypto

Congressional Democrats blasted the OCC and Acting Comptroller Brooks for spending time on crypto during a pandemic.

 Rep. Rashida Tlaib and Rep. Stephen Lynch wrote the sharp criticism of OCC chief Brian Brooks.