OCC Conditionally Approves SoFi Bank, National Association

News Release 2022-4 | January 18, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today conditionally approved applications from Social Finance Inc. (SoFi) to create SoFi Bank, National Association (SoFi Bank, N.A.), as a full service national bank headquartered in Cottonwood Heights, Utah. As part of the transaction, SoFi Bank, N.A. […]

CSBS Withdraws Legal Challenge to OCC Chartering Figure Bank, N.A.

News Release 2022-3 | January 14, 2022 Share This Page: WASHINGTON—The Conference of State Bank Supervisors yesterday withdrew its lawsuit filed with the U.S. District Court for the District of Columbia challenging the Office of the Comptroller of the Currency (OCC) authority to charter an uninsured deposit-taking national bank. In December 2021, Figure Technologies amended their […]

Acting Comptroller Discusses Crypto-Assets and Regulation

News Release 2022-2 | January 13, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the regulation of stablecoins and other crypto-assets before the BritishAmerican Business Transatlantic Finance Forum 2021-2022 Executive Roundtable. Related Links Media Contact Stephanie Collins(202) 649-6870 Related posts: Acting Comptroller Discusses Innovation in Digital Assets Acting Comptroller Discusses […]

Unauthorized Banking: Fedro Asset Bank, N.A. and Ledge Community Credit Union, N.A.

Alert 2022-2| January 11, 2022 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]

Counterfeit Cashier’s Checks of Powell Valley National Bank, Big Stone Gap, Va.

Alert 2022-1| January 3, 2022 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]

Federal Bank Regulatory Agencies Release 2020 Small Business, Small Farm, and Community Development Lending Data

News Release 2021-141 | December 21, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, members of the Federal Financial Institutions Examination Council (FFIEC), […]

OCC Reports Third Quarter 2021 Bank Trading Revenue

News Release 2021-140 | December 20, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $6.8 billion in the third quarter of 2021. The third quarter trading revenue was $1.3 billion, or 15.5 percent, less than the previous quarter. In the […]

Counterfeit Cashier’s Checks: American National Bank and Trust Company

Alert 2021-7| December 17, 2021 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]

Acting Comptroller of the Currency Issues Statement in Support of the FSOC’s Climate-related Financial Risk Committee

News Release 2021-139 | December 17, 2021 Share This Page: WASHINGTON— Acting Comptroller of the Currency Michael J. Hsu today released the following statement in support of the Financial Stability Oversight Council’s (FSOC) new Climate-related Financial Risk Committee. I fully support the FSOC’s vote today to create the Climate-related Financial Risk Committee (CFRC). The CFRC will […]

OCC Seeks Feedback on Principles for Climate-Related Financial Risk Management for Large Banks

News Release 2021-138 | December 16, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today requested feedback on draft principles designed to support the identification and management of climate-related financial risks at OCC-regulated institutions with more than $100 billion in total consolidated assets. The OCC will use this feedback to inform […]