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Klaros is honored to work with Nubank (NYSE:NU), one of the world's largest digital financial services platforms, which announced today that it has applied for a national bank charter with the Office of the Comptroller of the Currency (OCC).

According to the FDIC, bank capital is a critical foundation for a safe and sound banking system and is intended to absorb losses, promote public confidence, restrict excessive asset growth, and protect depositors and the deposit insurance fund. In essence, bank capital plays a role similar to a speed limit on a neighborhood street, and the regulatory rules and definitions that govern bank capital are just as important as the ratio between “miles” and “hour” that sets that sp

After several inbound requests regarding this LinkedIn post , we decided to make the data easier to find with this blog post. It’s no secret our federal banking regulators have been directing a spectacular level of enforcement attention at fintech partner banks in recent quarters.  But are some worse than others?  The charts below summarize recent formal enforcement actions by primary federal regulator for the period 1Q23-1Q24.  They show that if you were a fintech partner ba

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...

BY POORANI JEYASEKAR Despite almost 20 years working on the operational side of financial services, I stick out like a sore thumb at...

By Jonah Crane and Andreas Westgaard On March 9, 2022, President Biden issued an “Executive Order on Ensuring the Responsible Development...

On Tuesday, Dec. 21, LendIt fintech announced finalists for the 5th annual LendIt Fintech Industry Awards to celebrate the top fintech...

The drumbeat signaling the advent of climate risk supervision just got louder - and while final supervisory guidance is still likely some...

A seasoned compliance and ethics professional, Catherine now joins Klaros Group as the sixth partner.