OCC


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.

Finance

Blockchain-Based Lender Figure Technologies Applies for US National Bank Charter

If granted, the charter would replace the blockchain-based lender's hodgepodge of state licenses with a single nationwide regulator.

Figure Markets CEO Mike Cagney (Figure)

Markets

US Banks May Seek to Partner With or Buy Crypto Custodians, OCC's Brooks Says

The OCC's July ruling that allowed banks to provide custody spurred the newfound interest, Brooks said.

Brian Brooks

Markets

SoFi Receives Conditional US Regulatory Approval to Establish National Bank

The approval, if made final, opens the door for the new bank to custody cryptocurrencies.

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Policy

Election 2020: What’s at Stake for the Crypto Industry

While neither major Presidential candidate is campaigning on a crypto platform, who they appoint to head up federal agencies will shape policy for years to come.

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Policy

OCC's First Issued Guidance for Stablecoins Brings More Questions

For some, the OCC's recent stablecoin guidance, while helpful, raises as many issues as it clarifies.

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Policy

SEC, OCC Issue First Regulatory Clarifications for Stablecoins

The U.S. OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S.

OCC

Markets

Senate Banking Chairman Asks OCC About Its Planned Crypto Rulemaking

U.S. Senate Banking Committee Chairman Mike Crapo asked to know more about the OCC's potential crypto guidance, but encouraged clear regulation.

Senate Banking Committee Chair Mike Crapo (left) and Ranking Member Sherrod Brown (U.S. Senate)

Markets

US Regulator to Shake Up Banking With Federal Charters for Payment Firms

Acting Comptroller of Currency (and former Coinbase exec) Brian Brooks is spearheading the move to let payment firms operate as banks across state lines.

Acting Comptroller of Currency Brian Brooks