National Bank and Federal Savings Association Digital Activities

Title: National Bank and Federal Savings Association Digital Activities
Subject: Technology
Agency: OCC
Status: Advance notice of proposed rulemaking
Summary:

The Office of the Comptroller of the Currency (OCC) is interested in making sure it is aware of and understands the evolution of financial services, so it ensures the federal banking system continues to serve consumers, businesses, and communities effectively. Further, national banks and Federal savings associations (banks) must have a regulatory and supervisory framework that enables banks to adapt to rapidly changing trends and technology developments in the financial marketplace to meet customers’ evolving needs while continuing to operate in a safe and sound manner. The Office of the Comptroller of the Currency (OCC) is reviewing its regulations on bank digital activities to ensure that its regulations continue to evolve with developments in the industry. This advance notice of proposed rulemaking (ANPR) solicits public input as part of this review.

FR Doc: 2020-13083
Date proposed: June 4, 2020
Comments due date: Aug. 3, 2020
Effective date:

Rule compliance date:
Agency release:

OCC Requests Comment on Proposal to Update Activities and Operations Rules and its Rules on Digital Activities

Related Reg Report item(s): In twin proposals, OCC looks to update rules, seek comments on digital activities

 

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