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The Latest Breaking News from OCC

Two years ago JP Morgan CEO Jamie Dimon warned about the threat from fintechs

Competition from fintechs and big tech spurred JPMorgan Chase to go on a buying binge, and take advantage when prices were depressed.

Fortune

Frank’s Charlie Javice vs. JPMorgan: Why the case could hinge on “synthetic data"

While JPMorgan Chase is alleging fraud, the young fintech founder says she was just trying to protect customer privacy.

Fortune

Ed Sheeran, Taylor Swift and Drake become the UK’s biggest streaming artists of 2022

Harry Styles’ As It Was was the biggest hit of 2022 in a record breaking year for streaming

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Michael Hiltzik: How Trump's frenzy of deregulation killed Silicon Valley Bank

Late in 2018, two Trump-appointed banking regulators, Federal Reserve Vice Chair Randal Quarles and FDIC Chair Jelena McWilliams, went on a nationwide tour to meet with regional bank examiners.

Los Angeles Times

Crypto bank Protego didn't meet all requirements for national trust charter, OCC says

The rejection is another blow to the volatile industry’s banking options.

Fortune

Hedge Fund Manager Calls For Government Intervention As Elon Musk Open To The Idea Of Buying SVB

Bill Ackman calls on the federal government to step in to solve the failed bank as Elon Musk is open to buying the bank

Zenger

With crypto banking on the brink, rumors are flying

An obscure government office is at the center of uncertainty for two key companies.

Fortune

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Raimon Land aims to retain its reign

SET-listed developer Raimon Land plans to focus on luxury and super-luxury property development and new economy businesses, with a goal to open One City Centre, a new grade A office building in Phloenchit, in the first half of 2023.

Bangkok Post

Noah Feldman: Conservative attack on consumer protection wins an illogical victory

Conservatives have never liked the Consumer Financial Protection Bureau, the brainchild of Massachusetts Sen. Elizabeth Warren. Now a conservative panel of the conservative U.S. Court of Appeals for the Fifth Circuit has struck down the CFPB’s rulemaking authority using a novel theory.

Tribune News Service

Regulators approve U.S. Bank's $8B purchase of Union Bank

Key financial regulators having approved U.S. Bank’s $8 billion acquisition of Japanese financial titan MUFG’s Union Bank franchise

The Independent UK

State agency needs to act so more underserved residents can get dental care

For months, the Illinois Department of Financial and Professional Regulation has failed to finalize the regulatory rules required by the law that was passed last summer to enable more dentists to treat patients at free dental clinics.

Chicago Sun-Times

Political divide snags the digital update to anti-redlining law

Federal bank regulators' efforts to modernize the 45-year-old law known as the Community Reinvestment Act to reflect the rise of digital banking are raising accusations of partisanship, a claim that those digging into the details say is likely unfounded.

Tribune News Service

Political divide snags the digital update to anti-redlining law - Roll Call

Complaints of partisanship go on regardless which party is trying to update the Community Reinvestment Act for new financial technology.

Roll Call

Sales from the crypto: Muse NFT album to become first new chart-eligible format in seven years

Industry figures hail ‘the future of music’ as rock band announce first album of its kind to qualify for official UK charts

The Guardian - UK

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news in one place.

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Benzinga

US Treasury Dept. Recognizes Cannabis & Crypto Businesses: Aims To Collect Their Bank Data To Address Money Laundering

The U.S. Treasury Department is starting to recognize cannabis companies, at least according to a new proposal to begin gathering data on marijuana businesses from banks as part of an action to stop money laundering schemes.

Newsroom.co.nz

Prison's mother's unit unused for eight years

It took a visit from the Children's Commissioner for Arohata Prison to begin letting women use its mother and baby unit.

Roll Call

Bank regulator urged to go slow on requirement for climate risk disclosure - Roll Call

Banking industry lobbyists are urging the Comptroller of the Currency to move cautiously with a rule requiring disclosure of climate risk.

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Leo Schwartzleoschwartzfortunecomleomschwartz

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