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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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Acting Comptroller responds to CFPB Taskforce report

Acting Comptroller of the Currency Brian P. Brooks issued a statement yesterday upon the release of the CFPB's taskforce report endorsing the need for federal charters for financial technology (fintech) companies.

in response to the taskforce's recommendation that the CFPB be empowered to issue federal charters to fintech companies, Brooks said, "Under the law, the agency that grants national charters to companies engaged in lending, payments, or deposit-taking is the Office of the Comptroller of the Currency (OCC), which has the responsibility for prudential supervision to ensure these chartered institutions operate in a safe, sound, and fair manner. In its wisdom, Congress in the Dodd-Frank Act separated chartering and prudential supervision from consumer protection enforcement, assigning chartering authority to the OCC and specific consumer protection enforcement authority to the CFPB."

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