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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 OCC issued a consent order against Citibank, N.A. in October 2020 addressing deficiencies in risk management, internal controls, and data governance that led to violations of law. No suspension wa...

The OCC conditionally approved a fintech model by SmartBiz under rigorous compliance standards. The conditional approval reflects the OCC's approach of enabling fintech innovation while maintaining st...

The OCC entered into a consent order with The Federal Savings Bank in Chicago over deceptive marketing of VA cash-out refinance loans between 2022 and 2024. The bank neither admitted nor denied the al...

The OCC reaffirmed that national banks and federal savings associations can engage in crypto-asset activities without obtaining a nonobjection from the agency. This aligns with the broader rollback of...

OCC leadership in 2025 expressed support for bank-fintech partnerships while prioritizing risk management. The OCC continued scrutiny of fintech arrangements with emphasis on robust compliance framewo...

The OCC issued a consent order against Blue Ridge Bank for unsafe practices in its BaaS program involving approximately 50 fintech partners. The order required improvements in third-party fintech over...

...y risks, including prepaid card programs. The bank was required to develop enhanced plans for strategic and capital planning, customer due diligence, suspicious activity monitoring, and oversight of t...

The OCC, Federal Reserve, and FDIC jointly issued a statement on July 25, 2024, highlighting risks in third-party arrangements for bank deposit products and services. The statement emphasizes that ban...

The OCC conditionally approved SoFi's national bank charter, subjecting the fintech-turned-bank to full federal supervision. The approval included restrictions on crypto activities to ensure safe depo...

The OCC, FDIC, and Federal Reserve issued a Request for Information seeking public comments on risks in bank-fintech arrangements, including accountability gaps, end-user confusion, rapid growth, conc...

The U.S. Office of the Comptroller of the Currency decided to grant special purpose national bank charters to fintech companies, enabling them to operate nationwide. The decision faced immediate legal...

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 Office of the Comptroller of the Currency outlined how it would evaluate fintech companies applying for a special purpose national bank charter. This signaled the agency's openness to considering ...

The Office of the Comptroller of the Currency announced it would begin accepting applications for special purpose national bank charters from nondepository fintech companies. The policy covers fintech...

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 appointed Stephen Lybarger as Senior Deputy Comptroller for Chartering on September 9, 2025. He will oversee national bank and stablecoin issuer charter applications. The appointment signals t...

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...

...dian headquartered in New York. Coinbase must meet preopening conditions including compliance systems and AML controls before receiving final approval. The federal charter replaces a patchwork of stat...

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...

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...

...itional approval on October 15, 2025, for a de novo national bank charter to Erebor Bank, National Association, headquartered in Columbus, Ohio. The application was submitted by directors of Erebor Gr...

...or agreement and classified the bank as in 'troubled condition,' restricting it from onboarding new fintech partners without OCC approval. This is a significant escalation in regulatory scrutiny of Ba...

The Office of the Comptroller of the Currency granted SoFi preliminary conditional approval for a national bank charter on October 28, 2020. SoFi had applied in July 2020 and still required additional...

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...

The OCC's Special Purpose National Bank Charter for fintech companies remained on hold due to ongoing legal challenges from state regulators. The case was headed to the Second Circuit court. This unce...

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...