Industry-Friendly OCC Regulations May Be On The Horizon
By David Freeman, Christopher Allen, Robert Azarow, Michael Mancusi and Kevin Toomey (May 16, 2018, 11:13 AM EDT) -- In appearances at recent community bank forums, Comptroller of the Currency Joseph Otting outlined a strategy focused on better tailoring and easing regulatory requirements for community banks. Four areas in which Otting plans to focus as leader of the Office of the Comptroller of the Currency are enforcement of the Bank Secrecy Act and anti-money laundering laws, evaluations under the Community Reinvestment Act, regulation of small-dollar lending (commonly referred to as payday loans), and simplification of the Volcker Rule. Otting is also moving forward with consideration of whether the OCC should issue special-purpose charters to fintech companies that engage in the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!