For context on the California Money Transmission Act, on which this bill is based, see:
http://www.thinkcomputer.com/20140214.cfpbcomment.pdf
OCC has recently expressed interest in regulating financial technology startups at the federal level. So far I'm not aware of any bill in Congress that would actually facilitate their doing so, however. But it's about time.
Until then, here's the "Commissioner of Business Oversight"...
...and her perjuring deputy...