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OCC Bulletin 2020-59
June 4, 2020
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Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
On June 3, 2020, the Office of the Comptroller of the Currency (OCC) issued an advance notice of proposed rulemaking (ANPR) inviting public comment on its regulations at 12 CFR 7, subpart E, and 12 CFR 155 on national bank and federal savings association (bank) digital activities. This ANPR is part of the agency’s ongoing efforts to remain responsive to rapidly changing trends and technology developments in the financial marketplace and, specifically, to evaluate whether these regulations effectively promote economic growth and opportunity while ensuring that banks operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations. The ANPR has a 60-day comment period, ending on August 3, 2020.
The questions asked and issues raised in this ANPR are relevant to all OCC-supervised institutions, including community banks.
The ANPR invites comment on the OCC’s digital activities rules and other banking issues related to digital technology or innovation, including
The OCC is not seeking comment on its authority to issue a special purpose national bank charter in this rulemaking.
Please contact Beth Knickerbocker, Chief Innovation Officer, Office of Innovation, at (202) 649-5200; Karen McSweeney, Special Counsel, Jason Almonte, Special Counsel, Matthew Tynan, Counsel, or Sarah Turney, Senior Attorney, Chief Counsel’s Office, at (202) 649-5490.
Jonathan V. Gould
Senior Deputy Comptroller and Chief Counsel