OCC Issues First and Second Quarter 2023 CRA Evaluation Schedule

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first and second quarters of 2023. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public […]

OCC Revises Civil Money Penalty Manual

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced revisions to its civil money penalty (CMP) manual which the agency will begin using on January 1, 2023. The OCC revised the CMP matrix applicable to its regulated institutions to allow for sufficient differentiation among varying levels of misconduct or by institution size, and […]

Acting Comptroller of the Currency Issues Statement on Large Bank Resolution Plans

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu, in his capacity as a Federal Deposit Insurance Corporation (FDIC) board member, today released the following statement on the FDIC’s review of the eight largest and most complex domestic banking organizations’ 2021 resolution plans. The collaborative review of the plans by the FDIC and Federal Reserve Board […]

OCC Announces Deputy Comptroller for Northeast and East Regions

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the selection of Johnny Stanley as the Deputy Comptroller for the Northeast and East Regions. He will assume these duties December 4. In this role, Mr. Stanley will oversee more than 200 community banks and federal savings associations located in 19 states with assets […]

Acting Comptroller Emphasizes Caution with Crypto

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Acting Comptroller of the Currency Discusses Regulatory Priorities

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the agency’s efforts to ensure that national banks and federal savings associations operate in a safe, sound, and fair manner. His testimony discussed his regulatory priorities of guarding against complacency by banks, reducing inequality in banking, adapting […]

Senior Deputy Comptroller Discusses Efforts to Ensure Fair Lending

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OCC Allows National Banks and Federal Savings Associations Affected by Tropical Storm Nicole in Florida, Georgia, North Carolina and South Carolina to Close

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas affected by Tropical Storm Nicole in Florida, Georgia, North Carolina and South Carolina. In issuing the proclamation, the OCC expects that […]

OCC Announces Office of Financial Technology

News Release 2022-133 | October 27, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency today announced it will establish an Office of Financial Technology early next year to bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape. The Office of Financial Technology will build on and incorporate […]

OCC to Host Symposium on Bank Mergers

News Release 2022-132 | October 26, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host a symposium on bank mergers at its headquarters in Washington, D.C., on February 10, 2023. The symposium will promote public input and discussion regarding the framework for analyzing bank mergers under federal law, including topics […]