The Office of the Comptroller of the Currency has denied London-based Wise's application to establish a national trust bank. In a Tuesday letter, Stephen Lybarger, the OCC's senior deputy comptroller ...
On February 17, 2026, the Office of the Comptroller of the Currency ("OCC") proposed a significant overhaul of its internal appeals process for banks that would make it easier for them to challenge ...
On August 10, 2026, the Federal Deposit Insurance Corporation (FDIC) announced a new two-phase approach to evaluating deposit insurance applications. The revised process seeks to improve the speed and ...
Jonathan Gould, the head of the US Office of the Comptroller of the Currency (OCC), has pushed back on banker complaints about allowing digital asset firms seeking to establish national trust bank ...
Modern Treasury’s OCC application adds to a growing push by crypto and fintech firms to bring digital asset custody under federally supervised banking structures.
Over the past 15 years, de novo chartering has stagnated. From 2011 through 2024, the OCC received, on average, less than four charter applications per year. This shortage of applications was not due ...
The Office of the Comptroller of the Currency Tuesday proposed establishing an appeals board to review challenges by banks and trusts to supervisory decisions with a new "fresh look" standard, aiming ...
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