Office of the Comptroller of Currency

The Board of Governors of the Federal Reserve and the Office of the Comptroller of the Currency (OCC) on Thursday announced nearly $350 million in civil money penalties against JP Morgan Chase & Co. (NYSE:JPM)  The OCC announced a $250 million penalty against...

The Conference of State Bank Supervisors is taking the U.S. Office of the Comptroller of Currency to court, challenging the OCC’s authority to grant charters to financial technology, or “fintech,” companies. The CSBS argues financial technology companies do not accept deposits and...