On January 18, 2022, the OCC conditionally approved Social Finance, Inc. applications to charter a full-service national bank.
News & Insights
In an Interpretive Letter, the Office of the Comptroller of the Currency clarified the authority of (i) banks to engage in cryptocurrency activities and (ii) the OCC to charter national trust banks.
The Federal Reserve Board compiled FAQs on existing interpretations from Orders, rulemakings, letters to institutions and other written and verbal guidance.
A bank settled OCC charges for violating the statutory holding period for "other real estate owned" and failing to implement corrective measures.
The American Banking Association, SIFMA and the Institute of International Bankers proposed revisions to a Federal Reserve Board proposal to modify its regulations for determining "whether a company has the ability to exercise a controlling influence" on another company.