OCC reports on proposed innovation pilot program to Congress
On Tuesday, Beth Knickerbocker, the chief innovation officer for the Office of the Comptroller of the Currency (OCC), delivered testimony ...
Tag: U.S. Office of the Comptroller of the Currency (OCC)
Varo’s FDIC application tests uncharted territory
Varo Money has been striving to get a banking charter for three years. On Aug. 31, 2018, the digital-only challenger ...
Backed by $131m, Grasshopper Bank to roll out broadly next month
New York-based Grasshopper Bancorp, which opened for business to a select group of entrepreneurs and investors earlier this month, this ...
Fintechs Face Difficult Regulatory Realities on Charters
WASHINGTON, D.C. — Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams ...
Neobank Aspiration Doesn’t Aspire to Offer Lending Products…Yet
There are no lending products in fintech Aspiration's near-term future thanks to the neobank's new status as a broker-depositor. "Part ...
Can Banks Solve their Small-Dollar Loan Problem with Fintech Partnerships?
Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer ...
Bank Innovation’s Top 5 Stories of 2018
It’s been an interesting year. Bitcoin is no longer enjoying the limelight, non-bank giants like Amazon, Walmart and Google have ...
Why the OCC’s Fintech Charter Makes Sense
Words like “disruption” and “democratization” are flung around casually by many tech entrepreneurs and venture capitalists in the mistaken belief ...
Varo Money Announces Preliminary Approval for OCC Charter
The digital banking service Varo Money announced last night it had received preliminary approval for a national banking charter from the ...
No Applications Received for ‘Fintech Charter,’ OCC Says
It was a big day for fintech, pundits said on July 31, the day the Treasury Department released its fintech report, ...
