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The OCC established a new Office of Financial Technology in early 2023 to enhance supervisory expertise on digital assets, fintech partnerships, and emerging business models affecting OCC-supervised b...

The FDIC and OCC adopted a joint final rule prohibiting the agencies from taking adverse action against financial institutions based on reputation risk, including risk stemming from customers' politic...

...o grant special purpose national bank charters to fintech companies, enabling them to operate nationwide. The decision faced immediate legal challenges from state banking regulators who argued the OCC...

The Office of the Comptroller of the Currency actively reviewed its licensing and chartering process in 2021 with a focus on fintech companies. The OCC recognized that chartering fintechs could preven...

The OCC issued an interim final rule effective May 15, 2025, restoring expedited merger reviews and streamlined procedures for bank transactions. The rule reduces scrutiny on novel activities, directl...

Fintech lender Oportun filed an application with the OCC for a national bank charter (application #2020-WE-CHARTER317993), with public comments dated December 22, 2020. The application reflects the co...

A U.S. District Court in the Southern District of New York ruled that the OCC lacks authority under the National Bank Act to issue special purpose national bank charters to non-depository fintech comp...

The Conference of State Bank Supervisors (CSBS) and the OCC continued litigation over the OCC's authority to issue special purpose national bank (SPNB) charters to fintech companies. The OCC argued no...

The OCC conditionally approved Anchorage Trust Company's charter conversion to become Anchorage Digital Bank, National Association, making it the first federally chartered digital asset bank. The appr...

Crypto firms Paxos and BitPay filed applications with the OCC for national trust bank charters on December 9 and December 8, 2020 respectively. The filings reflect growing fintech interest in obtainin...

The National Community Reinvestment Coalition submitted comments opposing Monzo's OCC bank charter application, citing inadequate CRA plans and fair lending commitments. Monzo had applied in April 202...

The OCC issued a Cease and Desist Order against Blue Ridge Bank, N.A. for BSA/AML violations, capital deficiencies, and unsafe practices related to its fintech partnerships. The order superseded a pri...

The OCC issued a consent order targeting BSA/AML compliance deficiencies at Anchorage Digital Bank, the first federally chartered digital asset bank. The action came just 15 months after the OCC grant...

The OCC finalized its true lender rule establishing that a national bank is the true lender when it is named as lender in the loan agreement or funds the loan. The rule clarifies the legal framework f...

The OCC granted conditional approval to Protego Trust Company to convert to a federally-chartered trust bank. Protego, a Seattle-based crypto custody and trading provider, became the second crypto fir...

The OCC took enforcement action against Blue Ridge Bank (a Unit partner) for inadequate oversight of its fintech partnerships, signaling heightened regulatory focus on BaaS arrangements. The action hi...

The OCC issued Conditional Approval 1281 for Summit National Bank (Hulett, Wyoming) to establish a FinTech Division offering traditional banking products to fintech-sourced customers. The approval was...

The Conference of State Bank Supervisors (CSBS) filed a lawsuit to block the OCC's approval of Figure Technologies' national bank charter application. The legal challenge exemplified the ongoing feder...

Varo Money received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national bank charter, making it one of the first mobile-only fintechs to reach this milestone. ...

...ntech small business lending marketplace, completed its acquisition of United Community Bancshares and its subsidiary Centrust Bank (now renamed SmartBiz Bank). The deal, approved by the OCC and Feder...

Robinhood withdrew its application for an OCC national bank charter on November 27, 2019, amid persistent regulatory challenges facing fintechs seeking full banking status. The withdrawal highlighted ...

Blockchain-powered fintech Figure Technologies filed an OCC national bank charter application on December 7, 2020. The company, known for its blockchain-based lending and financial services, sought a ...