Interactive Brokers is latest fintech to apply for bank license
Retail trading platform Interactive Brokers Group is the latest tech provider to apply for a banking license. “On Dec. 18, 2025, Interactive Brokers filed for ...
Tag: OCC
Senate confirms Jonathan Gould as Comptroller of the Currency
The US Senate confirmed Jonathan Gould to lead the Office of the Comptroller of the Currency, adding him to the ...
Capital One deal for Discover wins approval from US regulators
Capital One Financial Corp. received approval from US regulators to buy Discover Financial Services, a deal that creates the nation’s ...
Fintech acquires bank to gain banking charter license
SmartBiz, a fintech providing loans to small and medium-sized businesses, has completed its acquisition of United Community Bancshares and its subsidiary, ...
Citi fined $136M for failing to fix regulatory issues
Citigroup Inc. will pay almost $136 million in fines to US bank regulators over issues related to data-quality management and ...
Banks and fintechs should perform ‘trust exercises’ amid OCC scrutiny of BaaS
It may just be that banking-as-a-service (BaaS) providers and fintechs have grown into unique and now mature collaborators that justify ...
OCC mandates that USAA delve into automation systems, other technologies
Automation plays a key role in the action plan by the Office of the Comptroller of the Currency (OCC) for ...
Listen: 30% of community banks adding crypto services in next 18 months
A growing number of community banks are considering adding cryptocurrency services, and it could give them an edge in the ...
SoFi rises after regulator approves U.S. bank charter
SoFi Technologies Inc., the financial firm led by former Twitter Inc. executive Anthony Noto, surged after the Office of the ...
Banks using outdated processes could draw 5x bigger fines in 2022
U.S. regulatory authorities may be less lenient about bank accounting and reporting errors stemming from old technologies — like spreadsheets ...
