Page 5 - Comptroller Hsu News Today

<p><span>The Office of the Comptroller of the Currency (OCC) today published a letter confirming that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in certain cryptocurrency, distributed ledger, and stablecoin activities.</span></p>

Comptroller of the Currency Michael Hsu Says Regulation is Too Fragmented When it Comes to Fintech, Crypto Firms. | Crowdfund Insider: Global Fintech News,

The Department of Justice (DOJ) joined other federal agencies in announcing an increased focus on fair lending issues. On October 22, 2021, DOJ announced a new initiative to crack down on "modern-day" redlining.

To print this article, all you need is to be registered or login on Mondaq.com. The OCC named Darrin Benhart as the agencys Climate Change Risk Officer and announced the agency will join the Network of Central Banks and Supervisors for Greening the Financial System ("NGFS"). These steps align with Acting Comptroller Hsus recent remarks that the OCC is taking a "two-pronged approach" in fulfilling climate change goals, with a focus on engaging other organizations and suppor...

OCC Acting Comptroller Hsu identified the adaptation to digitalization as a challenge requiring the OCC's attention.