The OCC and FDIC are testing reusable identity verification across US banks in coordination with the Treasury Department.
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Updated oct 19
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How it started
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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
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The entities involved
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Office of the Comptroller of the Currency
American federal government organization
- 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.
- The OCC investigated the policies of multiple major banks, including Citibank, BMO, and JPMorgan Chase, following a Trump executive order.
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Federal Deposit Insurance Corporation
US government agency providing deposit insurance
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- Gould presented findings in Lexington, leading the CFPB to scrutinize banks following an OCC report.