Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective

News release: “The Office of the Comptroller of the Currency (OCC) today published its perspective on responsible innovation in the federal banking system and solicited feedback on what more it could do to support innovation that better serves consumers, businesses, and communities. In Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective , the agency summarizes its research and discusses the principles guiding the development of its framework for understanding and evaluating innovation. The OCC also seeks feedback on a series of questions about how to facilitate responsible innovation; how the agency can streamline its processes for evaluating innovative products, services and processes; how it can promote open dialogue with industry stakeholders; and, what additional tools and resources could assist national banks and federal savings associations with regard to innovation…”

Sorry, comments are closed for this post.