Saule Omarova, the nominee to serve as the United States’ top banking regulator, has laid out parts of her vision for the role in her Senate committee hearing, in the face of Republican questions over her upbringing in the Soviet Union.
19 November 2021
The OCC has argued an ex-bank CEO’s attempts to compel review of his six-year-old consent order, following a 2018 Supreme Court ruling on the SEC’s use of administrative law judges, would cause “chaos” in the United States’ administrative order if allowed.
03 November 2021
After months of deliberation, US President Joe Biden has nominated a Comptroller of the Currency in former Davis Polk & Wardwell attorney Saule Omarova, who would be the first woman and person of colour to permanently fill the role.
24 September 2021
The US Office of the Comptroller of the Currency has proposed abolishing last year’s contentious reforms to implementation of the Community Reinvestment Act, bringing a pending lawsuit against the rulemaking to a pause.
09 September 2021
US fintech Circle is attempting to obtain a US federal bank charter, citing frustrations at third party chains slowing its operations.
11 August 2021
The United States’ banking regulators have proposed guidelines for banks to manage risks carried within third-party relationships by giving greater oversight to their “critical activities”, particularly where fintechs are involved.
19 July 2021
US President Joe Biden has called on regulators to look again at their approval process for bank mergers in a new anti-consolidation executive order.
12 July 2021
The US Congress has voted to rescind a controversial “true lender” rule regulating bank-tech partnerships, a leftover of the Office of the Comptroller of the Currency’s Trump-era policies, with votes falling along party lines.
28 June 2021
The Office for the Comptroller of the Currency has promised to reconsider changes it announced last year to its implementation of the Community Reinvestment Act eight days after Michael Hsu took office as acting comptroller of the currency.
19 May 2021
The United States Federal Reserve has approved Pittsburgh-based PNC’s purchase of Spanish bank BBVA’s US subsidiary, as Fed governor Lael Brainard calls for a “broader review” of the country’s merger review framework.
17 May 2021
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