Page 82 - Acting Comptroller News Today

Big banks, climate activists and banking reform advocates don't agree on much, these days, but they have joined forces to denounce a proposed Trump administration rule that would make it harder for banks to cut ties with the fossil fuel industry.

By Matt Egan, CNN Business Big banks, climate activists and banking reform advocates dont agree on much, but they joined forces to denounce a proposed Trump administration rule that would...

The Consumer Financial Protection Bureau (“Bureau” or “CFPB”) Taskforce on Federal Consumer Financial Law (“Taskforce”) released a two-volume report, on January 5, 2021, providing an...

Wall Street braces for tougher rules under new Democratic majority Sylvan Lane © Greg Nash Wall Street braces for tougher rules under new Democratic majority The Democratic takeover of the Senate means the financial services industry can expect stricter rules and tougher oversight once President-elect Joe Biden takes office. Victories by Sens.-elect Jon Ossoff (D) and Raphael Warnock (D) in Georgia last week will split the chamber 50-50 and give Democrats control on Jan. 20 w...

To embed, copy and paste the code into your website or blog: On January 5, 2021, the Attorneys General of New York, California, Colorado, the District of Columbia, Massachusetts, Minnesota, New Jersey, and North Carolina filed a voluminous Complaint in federal district court for the Southern District of New York against the OCC and Acting Comptroller of the Currency Brian Brooks, seeking to set aside the final “true lender” rule adopted by Acting Comptroller Brooks (the “Rule”), which...

Acting Comptroller of the Currency Brian P. Brooks issued the following statement as a press release upon his review of the Consumer Financial Protection Bureaus task force report endorsing the need for federal charters for fintech companies. His statement is…

Top US Banking Regulator: Banks Are Authorized to Use Public Blockchains and Stablecoins The top banking regulator in the U.S. has announced that national banks and savings associations in the country can use public blockchains and stablecoins for payment activities. Experts say this is good for bitcoin and its importance should not be understated. Banks Can Use Public Blockchains and Stablecoins The Office of the Comptroller of the Currency (OCC) published an interpretive le...

We talk to the experts after US Treasurys OCC blesses blockchains, digi-bucks Share Copy Feature The US Treasury Departments Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying how federally chartered banking groups can use cryptocurrency and associated technology to manage financial transactions. The letter endorses the use of independent node verification networks (INVN), such as blockchain distributed ledgers, and stablecoins – cryptocurrencies t...

Vaneck Files New Bitcoin ETF Proposal With SEC Under New Administration After successfully launched a bitcoin exchange-traded product in Europe, Vaneck has now filed a new proposal for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Under former chairman Jay Clayton, the SEC never approved a bitcoin ETF. However, Clayton has resigned from his post and changes may be coming from the incoming Biden administration. First Bitcoin ETF F...

We have no laboratory to sample products, Customs boss tells Senate On By Henry Umoru THE Comptroller General of Nigeria Customs Service, NCS, Colonel Hameed Ali (retd), has told the Senate that the service does not have a single laboratory to carry out sample tests of products. Disclosing this when he appeared before the Senator Francis Alimikhena (APC, Edo North)-led Senate Committee on Customs, Excise and Tariff, the comptroller general, who was represented by the Acting Comptroller (Tariff...