The OCC and FDIC are testing reusable identity verification across US banks in coordination with the Treasury Department.
2 reports, 2 independent
Updated Aug 18
Gone quiet
- Reports
- 2
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The OCC and FDIC are testing reusable identity verification across US banks in coordination with the Treasury Department.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The FDIC and OCC are issuing new rules concerning CRA compliance.Sub-event
OCC and FDIC are testing reusable identity verification across US banks.1 source
Keep exploring
The entities involved
-
Office of the Comptroller of the Currency
American federal government organization
- The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Federal Reserve System are refocusing their joint supervision on material financial risk.
- The Federal Reserve is joining forces with the National Credit Union Administration and the Office of the Comptroller of the Currency to push stablecoin identification standards.
-
Federal Deposit Insurance Corporation
US government agency providing deposit insurance
Related events
- The National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) are confirmed as independent federal agencies.
- The FED and the Office of the Comptroller of the Currency jointly established new protocols for bank examinations.
- BLOCK applied to the OCC for a national trust bank charter to allow custody of Bitcoin and stablecoins.
- The Office of the Comptroller of the Currency provided necessary federal regulatory approval for the merger involving Bank First.
- Fidelity National Information Services is seeking regulatory approvals for new bank charters and is involved in deposit insurance applications with the OCC and FDIC.