U.S. Office of the Comptroller of the Currency
Coverage of U.S. Office of the Comptroller of the Currency in the Nexus archive.
- Woman says someone stole $44K out of account and that bank held her responsible for part of
Brenda Lacey reported unauthorized withdrawals totaling $44,000 from her Truist account. The bank reimbursed the first $17,000 but denied subsequent claims of $27,000, blaming her for negligence. Truist offered a repayment agreement after media intervention, and an attorney advised filing police reports and complaints with banking regulators.
- Circle (CRCL) Wins Final OCC Approval for National Trust Bank
Circle (CRCL) received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, Circle National Trust, which will provide custody services for digital assets and manage reserves for its stablecoin USDC under federal oversight. The approval strengthens Circle's ties to the federal banking system and aligns with the implementation of the GENIUS Act, a federal stablecoin law.
- Stablecoin issuer Circle just got the greenlight to operate as a bank. The shares are up 12%
Stablecoin issuer Circle received approval from the U.S. Office of the Comptroller of the Currency to operate as a trust bank, leading to a 12% increase in its shares during premarket trading.