OCC to Consider FinTech Charter (12/2/16)
Comptroller of the Currency Thomas J. Curry announced on December 2 that the OCC would move forward with considering applications from fintech companies to become special purpose national banks. The OCC published a paper seeking comments on how it can foster responsible innovation in the chartering process. In a statement released on Friday, ABA welcomed the OCC's announcement.
Bureau Updates Mortgage Servicing Compliance Guide (12/2/16)
The Consumer Financial Bureau published an updated version of small entity compliance guide for mortgage servicing. The revised guide incorporates the changes to Regulation X and Regulation Z that were made as a result of the bureau’s servicing final rule issued earlier this year.