On January 18, 2022, the OCC conditionally approved Social Finance, Inc. applications to charter a full-service national bank.
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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.
The OCC published an updated version of the "Change in Bank Control" booklet of the Comptroller's Licensing Manual.