Regulation

OCC Issues Supervisory Framework on Bank Use of Super Intelligence

OCC

"The Office of the Comptroller of the Currency (OCC) issued a framework for its bank examination workforce on banks’ use of Super Intelligence (SI). The issuance represents an important milestone for the financial industry as it continues to embrace innovation responsibly. The framework is intended to provide OCC bank examiners with a supervisory framework to evaluate banks’ use of SI and agentic SI in normal course business activities and banks’ associated risks and controls."

Tags: OCC

Regulation

What Banks Need to Know About the OCC’s Final Stablecoin Rules and Licensing Guidance

JD Supra

"On October 21, 2026, the Office of the Comptroller of the Currency (OCC) issued its final rule implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) for payment stablecoin issuers and custodians subject to its jurisdiction (OCC Bulletin 2026-50).  The final rule becomes effective January 18, 2027, the same day the GENIUS Act takes effect."

Tags: OCC

Industry Regulation

OCC Sets $5 Million Capital Floor for Stablecoin Issuers

LeapRate

"The Office of the Comptroller of the Currency has finalised its payment stablecoin rules under the GENIUS Act, setting a $5 million capital floor and an application route for issuers before the law takes effect on 18 January 2027. From 18 January 2027 a person generally must be an approved issuer to issue a payment stablecoin in the US, and unapproved issuance carries criminal penalties."

Tags: OCC

Regulation

OCC Advances U.S. Digital Asset Leadership with Final Rule to Implement GENIUS Act

Office of the Comptroller of the Currency

"The Office of the Comptroller of the Currency (OCC) today announced a final rule to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The final rule establishes requirements for permitted payment stablecoin issuers and foreign payment stablecoin issuers under the OCC’s jurisdiction, as well as certain custody activities conducted by OCC-supervised entities."

Tags: OCC

Companies Regulation

OCC Assesses $350 Million Civil Money Penalty Against American Express

OCC

"The Office of the Comptroller of the Currency (OCC) today announced a cease-and-desist order and a $350 million civil money penalty against American Express National Bank, Sandy, Utah (bank), for deficiencies in the bank’s Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance program. Deficiencies in the Bank’s BSA/AML program involved inadequate resources, including staff without sufficient expertise, systemic internal control gaps, weak independent testing, and weak BSA/AML training for employees and directors."

Tags: OCC

Regulation

Regulators Reject Bunq's US Bank Charter Bid for a Second Time

Startup Fortune

"The Office of the Comptroller of the Currency denied bunq's application for a national bank charter in a decision dated August 4, 2026. The agency said the Amsterdam-based fintech raised significant supervisory and compliance concerns, including questions about capital, management experience and whether the proposed bank could run safely in the US. That's blunt language. It also gives you the point of the story before bunq files another form: the US market isn't treating a big European user base as proof that a bank is ready."

Tags: OCC

Regulation

GENIUS Act: Anti-Money Laundering/Countering the Financing of Terrorism and Sanctions Compliance: Notice of Proposed Rulemaking

OCC

"The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to implement Bank Secrecy Act (BSA) and sanctions compliance standards applicable to OCC-supervised permitted payment stablecoin issuers (PPSI), as required by the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Comments on the proposed rule will be accepted for 30 days after publication in the Federal Register."

Tags: OCC

Regulation

GENIUS Act: Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency

The Office of the Comptroller of the Currency

"The Office of the Comptroller of the Currency (OCC) is proposing a new information collection that would include weekly and quarterly reporting forms that must be completed by permitted payment stablecoin issuers and foreign payment stablecoin issuers registered with the OCC under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. Comments are requested on these forms within 60 days of publication of the information collection in the Federal Register."

Tags: OCC

Regulation

OCC Requests Comments on Proposal to Implement GENIUS Act

Office of the Comptroller of the Currency

"The Office of the Comptroller of the Currency (OCC) issued a proposed rulemaking to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The notice of proposed rulemaking generally sets forth, and seeks comment on, the regulations that would apply to permitted payment stablecoin issuers and foreign payment stablecoin issuers under the OCC’s jurisdiction as well as certain custody activities conducted by OCC-supervised entities."

Tags: OCC

Regulation

OCC Withdraws Policy on Bank Engagement With Cryptocurrency

ABA Banking Journal

The Office of the Comptroller of the Currency published an interpretive letter rescinding the agency’s policy on bank engagement with cryptocurrency “to reaffirm that a range of cryptocurrency activities are permissible in the federal banking system,” according to an agency statement.

Tags: OCC

Regulation

OCC Backs Banks in Fight Against Illinois Interchange Law

American Banker

"The Office of the Comptroller of the Currency has filed a legal brief supporting the banking industry's challenge to Illinois' prohibition on interchange fees, stating  the law interferes with federal banking authority.  [Subscription Required]"

Tags: OCC

Regulation

OCC’s HSU Suggests Requiring Banks, AI Companies to Reimburse Customers for Fraud

ABA Banking Journal

"A new U.K. regulation requiring banks to reimburse customers for losses resulting from push payment fraud “deserves greater discussion and debate” in the U.S., particularly when the fraud is powered by artificial intelligence, Acting Comptroller of the Currency Michael Hsu said...Hsu pointed to the U.K.’s Payment Systems Regulator, which recently issued a rule requiring banks to reimburse customers when criminals trick them to send money to a fraudulent account."

Tags: OCC

Regulation

OCC Report Identifies Key Risks Facing Federal Banking System

Banking Exchange

"The Office of the Comptroller of the Currency released its semiannual report analyzing the key issues facing the federal banking system...It highlighted AI in banking as an emerging risk and released guidance on ‘Buy Now, Pay Later’ (BNPL) lending, focusing on risk management."

Tags: OCC

Companies Regulation

OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules

Coindesk

“The Office of the Comptroller of the Currency (OCC), a federal banking regulator, and Anchorage Digital, a trust company operating with an OCC trust charter, agreed to a consent order Thursday in which the regulator said Anchorage failed to meet Bank Secrecy Act (BSA) requirements for its internal controls. According to the order , in which Anchorage neither admits nor denies the OCC’s findings, Anchorage didn’t have an anti-money laundering/Bank Secrecy Act program that met federal requirements regarding customer due diligence. The company now has 15 days to create a compliance committee where a majority of members aren’t Anchorage employees. That committee will oversee Anchorage’s compliance with the consent order.”

Tags: Anchorage Digital OCC

Regulation Risk

Banking Regulator Fines Capital One $80 Million Over 2019 Hack

Wall Street Journal (paywall)

“A top banking regulator has fined Capital One Financial Corp. $80 million over a 2019 hack that compromised the personal information of about 106 million card customers and applicants. The Office of the Comptroller of the Currency said the bank failed “to establish effective risk assessment processes“ before transferring information-technology operations to the public cloud and “to correct the deficiencies in a timely manner.””

Tags: Data breach OCC