Tag: OCC
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Warren calls out OCC over merger policy ahead of Capital One-Discover
The banking industry is once again in the spotlight as Senator Elizabeth Warren raises concerns over the Office of the Comptroller of the Currency’s (OCC) merger policy ahead of the proposed Capital One-Discover merger. Warren, a vocal critic of big banks and their practices, has accused the OCC of failing to properly assess the potential…
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OCC’s Hsu calls for federal payments licensing
The Acting Comptroller of the Currency, Michael Hsu, is urging Congress to create a federal licensing system for nonbank payments providers. In a recent speech, Hsu highlighted the need for a more consistent regulatory framework to oversee the growing number of fintech companies operating in the payments space. Currently, nonbank payments providers are subject to…