The US banking regulator, part of the US Department of the Treasury, issued an advance notice of proposed rulemaking (ANPR) on Thursday to get comment from the industry on the country’s digital banking rules ahead of potential changes.
It says the ANPR is “part of the OCC’s continual effort to modernise its rules and remove unnecessary requirements to relieve banks of unnecessary burden” and “to support the evolution of the federal banking system”.
It also asks whether “there are digital banking activities or issues that are not covered by these rules that the OCC should address”, such as digital finders’ activities, certain software, and correspondent services.
