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December 5, 2016, Cov Financial Services

On December 2, 2016, Comptroller of the Currency Thomas J. Curry announced that the Office of the Comptroller of the Currency (“OCC”) would move forward with issuing special purpose national bank charters to financial technology (“fintech”) companies. The OCC released a whitepaper outlining its authority to issue charters to fintech companies, its approach to ...

December 5, 2016, Inside Privacy

On December 1, 2016, the Commission on Enhancing National Cybersecurity released its Report on Securing and Growing the Digital Economy. In its Report, the Commission, established in February 2016 by President Obama, provided detailed short- and long-term recommendations to strengthen cybersecurity in the public and private sectors. The Commission took a ...

December 5, 2016, Cov Financial Services

The CFPB issued a compliance bulletin on November 28, 2016 warning supervised companies about the potential compliance risks of production and sales incentives provided to employees and service providers. Although the CFPB “invite[d] further dialogue and discussion,” the bulletin highlights incentive practices as a continued area of scrutiny for the CFPB. In ...

December 5, 2016, Global Policy Watch

This should be the final week of legislative activity for the 114th Congress, with the House and Senate expected to work through the outstanding items that remain on their to-do list for 2016.  Lawmakers are scheduled to be in session until December 16, but resolution and passage of a spending measure to keep the government … Continue Reading

December 5, 2016, Covington Alert

On December 2, 2016, Comptroller of the Currency Thomas J. Curry announced that the Office of the Comptroller of the Currency (“OCC”) would move forward with issuing special purpose national bank charters to financial technology (“fintech”) companies. The OCC released a whitepaper1 outlining its authority to issue charters to fintech companies, its approach to ...

December 2, 2016, Covington eHealth

On November 29, 2016, the Senate unanimously passed the Expanding Capacity for Health Outcomes Act (the ECHO Act). This legislation seeks to expand the use of technology to connect underserved communities with critical health care services. The ECHO Act is designed to encourage the development of “technology-enabled collaborative learning and capacity models,” ...

December 2, 2016, Cov Financial Services

Republican president-elect Donald J. Trump, with the support of a Republican controlled Senate and House of Representatives, promises to bring in a new era of limited government, rolling back legislation enacted under President Obama’s administration. This transition to a new administration will have a significant impact on each of the federal financial ...

December 2, 2016, Global Policy Watch

Summary The coming week is a political group week, i.e., the week during which political parties hold internal meetings to discuss their position and strategy, and also prepare the next plenary to be held on December 12-15, 2016, in Strasbourg. In view of the Maltese presidency of the Council of the EU that starts in … Continue Reading

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