OCC

Former Acting Comptroller of the Currency Brian Brooks

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

By Nikhilesh De

Jan 4, 2021 at 11:40 p.m. UTC

Jan 4, 2021

banksOCCStablecoinsBrian Brooks

Markets

Banks

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.

By Sebastian Sinclair

Dec 15, 2020 at 9:38 a.m. UTC

Dec 15, 2020

banksFintechOCCStablecoins

Policy

Paxos

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.

By Nikhilesh De

Dec 9, 2020 at 10:32 p.m. UTC

Dec 9, 2020

PaxosOCC

Policy

Bitpay

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.

By Nikhilesh De

Dec 9, 2020 at 4:49 p.m. UTC

Dec 9, 2020

BitpayBankingOCC

Payday Loan Companies Face Tougher Regulations

Policy

Occ

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.

By JP Koning

Dec 7, 2020 at 12:27 p.m. UTC

Dec 7, 2020

OCCOpinion

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

Policy

Occ

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...

By Nikhilesh De Kevin Reynolds

Dec 4, 2020 at 11:46 p.m. UTC

Dec 4, 2020

OCCBrian BrooksMaxine WatersHouse Financial Services Committee