Blake Paulson Named Agency’s Next Senior Deputy Comptroller for Midsize and Community Bank Supervision

News Release 2019-119 | October 15, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Blake Paulson would become the next Senior Deputy Comptroller for Midsize and Community Bank Supervision. In this role, Mr. Paulson will oversee the team of more than 1,500 employees responsible for supervising approximately 1,100 community […]

OCC Assesses $30 Million Civil Money Penalty Against Citibank

News Release 2019-118 | October 11, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $30 million civil money penalty against Citibank, N.A, of Sioux Falls, South Dakota, for violations related to the holding period of other real estate owned (OREO). The OCC found the bank engaged in repeated […]

Agencies Finalize Changes to Simplify Volcker Rule

News Release 2019-117 | October 8, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve System, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Securities and Exchange Commission Five federal financial regulatory agencies on Tuesday announced that they finalized revisions to simplify compliance requirements relating […]

OCC to Host Innovation Office Hours in Las Vegas

News Release 2019-116 | October 7, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will hold Innovation Office Hours on October 28 in Las Vegas to promote responsible innovation in the federal banking system. Office Hours are one-on-one meetings with Office of Innovation staff to discuss financial technology […]

Comptroller of the Currency Discusses Community Reinvestment, Honored for his Community Service

News Release 2019-115 | October 4, 2019 Share This Page: LOS ANGELES—Comptroller of the Currency Joseph Otting today discussed community reinvestment and service during remarks at National Asian American Coalition’s (NAAC) 16th Annual Economic Development Conference. During his comments, Comptroller Otting highlighted the importance of modernizing the regulatory framework implementing the Community Reinvestment Act (CRA). “Since […]

OCC Issues Final Rule Amending Stress Testing Rule for National Banks and Federal Savings Associations

News Release 2019-114 | October 2, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) issued a final rule  amending the OCC’s stress testing rule at 12 CFR 46 (which implements the stress testing requirements of section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act), consistent with section 401 […]

OCC Releases CRA Evaluations for 35 National Banks and Federal Savings Associations

News Release 2019-113 | October 2, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of September 1, 2019 through September 30, 2019.  The list contains only national banks, federal savings associations, and […]

Agencies Issue Final Rule to Update Management Interlock Rules

News Release 2019-112 | October 2, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency The federal bank regulatory agencies today finalized updates to rules restricting the ability of a director or other management official to serve at more than […]

OCC Releases Bank Supervision Operating Plan for Fiscal Year 2020

News Release 2019-111 | October 1, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2020. The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual national banks, federal savings associations, federal branches, […]

OCC Reports Slight Improvement in Mortgage Performance

News Release 2019-110 | September 30, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the second quarter of 2019. The OCC Mortgage Metrics Report, Second Quarter 2019 showed 96.1 percent of mortgages included in the […]