OCC To Open Innovation Office To Boost Fintech At Banks

Law360, New York (October 26, 2016, 5:58 PM EDT) -- The Office of the Comptroller of the Currency on Wednesday announced the creation of a new office aimed at helping banks and other companies develop financial technology products and services that comply with federal law while meeting safety and consumer protection standards.

The OCC’s Office of Innovation, which will open its doors in the first quarter of 2017, will provide a way for the regulator and the banks it supervises to work together in developing the fintech products, while also determining how they will affect the...
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