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FinTech Global FS Regulatory Round-Up - w/e 23 February 2024

FinTech Global FS Regulatory Round-Up - w/e 23 February 2024
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OCC Proposal And Policy Statement On Bank Mergers Could Freeze The Banking Industry In Place - Compliance

The Situation: On January 29, 2024, the Office of the Comptroller of the Currency ("OCC") requested comment on a proposed rule updating its bank merger rules and incorporating a policy statement. ....

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Capital One-Discover merger fate could depend on 2024 presidential election

Capital One’s proposed merger with Discover will test the Biden administration’s commitment to reining in the excesses of the financial-services industry,. ....

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OCC Requests Comments on Proposed Rulemaking and Policy Statement on Bank Mergers

OCC Requests Comments on Proposed Rulemaking and Policy Statement on Bank Mergers
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Hirono, colleagues urge strong capital rules to protect Americans' money : Maui Now

The senators voiced their support for the new capital rules proposed by the agencies in an effort to strengthen the financial system and protect Americans’ jobs, businesses and money. In the letter, the lawmakers cited that strong capital rules allow banks to continue to serve their communities during difficult financial periods. ....

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