The OCC and FDIC are testing reusable identity verification across US banks in coordination with the Treasury Department.
Steady: 1 in the last 7 days
Updated monday
The latest in this situation
How it started
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 OCC finalized stablecoin rules for issuers, driving crypto equity buying and boosting Circle's USDC circulation.
- The Office of the Comptroller of the Currency is actively involved in the regulatory landscape of crypto firms, challenging and granting national trust bank charters for crypto activities.
-
Federal Deposit Insurance Corporation
US government agency providing deposit insurance
Related events
- BLOCK applied to the OCC for a national trust bank charter to allow custody of Bitcoin and stablecoins.
- National Trust Bank is seeking a national trust charter from the OCC, facing lawsuits over alleged lax crypto scrutiny.
- The Office of the Comptroller of the Currency and U.S. Treasury fined Bank of America for reporting and compliance failures.
- OCC reviewed policies for Citibank, Wells Fargo, Bank of America, and Capital One, while WePay closed a merchant account for Donald Trump.
- The OCC investigated the policies of multiple major banks, including Citibank, BMO, and JPMorgan Chase, following a Trump executive order.