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Klaros is honored to work with Nu (NYSE:NU), one of the world's largest digital financial services platforms, which announced today that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) for the formation of Nubank, N.A. – the de novo national bank Nu is preparing to open in the United States.

By Valerie Song & Roman Goldstein When the Office of the Comptroller of the Currency (OCC) published its proposed revision to 12 CFR 5.20 earlier this month to replace the regulatory reference to "fiduciary activities" with the statutory "operations of a trust company and activities related thereto," the seemingly minor housekeeping revision received more attention than a simple fix might warrant—because for the booming digital asset industry, these nine words are anything bu

It’s been 1,166 days since the OCC’s last fintech de novo approval but if you want to charter a new bank or acquire or merge with an existing bank, don’t give up.

BY ANDREAS WESTGAARD AND CHRISTINA HUNT-FUHR The much-anticipated guidance on third-party relationships issued in June by the Fed, OCC,...

BY JONAH CRANE, BRIAN GRAHAM, AND KEVIN STEIN Once again, the banking system is under stress and banks are in need of additional capital....

BY BRIAN GRAHAM A lot of folks in fintech are still talking about Acting OCC Comptroller Michael Hsu’s recent speech, which among other...

BY TRACY BASINGER Time is getting short for bankers to submit comments on the proposed interagency revamp of the Community Reinvestment...