Sep 27, 2021 | Banks & Credit Unions, Federal Regulation, News
Biden Nominates Professor Saule Omarova as Comptroller of the Currency President Joe Biden has nominated law professor Saule Omarova, who currently teaches at Cornell University, to run the Office of the Comptroller of the Currency (OCC). If confirmed by the Senate,...
Sep 13, 2021 | Federal Regulation, News
NY Gov. Hochul Nominates Adrienne Harris to Lead NYDFS Shortly after taking office following former Governor Andrew Cuomo’s resignation in the wake of a sexual harassment scandal, New York Governor Kathy Hochul announced the nomination of Adrienne Harris to lead the...
Sep 6, 2021 | Federal Regulation, FinTech, News
Regulators Urge Banks to Assess Risk in Fintech Relationships Recently, the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC), and the Office of the Comptroller of the Currency (OCC) issued new guidance for community banks to better assess risk as they...
Aug 13, 2021 | Federal Regulation, News, Tribal Sovereignty
Senate Confirms Bryan Todd Newland to be Assistant Secretary for Indian Affairs Last week, the U.S. Senate confirmed Bryan Todd Newland of Michigan as the Assistant Secretary-Indian Affairs at the Department of the Interior. Newland will advise Interior Secretary Deb...
Aug 11, 2021 | Federal Regulation, FinTech, News
Warren Urges Yellen to Crack Down on Cryptocurrency In a recent letter, Senator Elizabeth Warren (D-Mass.) urged Treasury Secretary Janet Yellen to work through the Financial Stability Oversight Council, which she chairs, to develop a regulatory strategy on...
Aug 9, 2021 | Banks & Credit Unions, Federal Regulation, News
OCC Reviewing Banks’ Overdraft Policies Acting Comptroller Michael Hsu recently announced that the Office of the Comptroller of the Currency (OCC) is reviewing bank overdraft policies— an announcement that came during testimony in front of the Senate Banking...
