Statement by the Acting Comptroller of the Currency Regarding Issuance of FSOC’s 2020 Annual Report

News Release 2020-167 | December 3, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the issuance of FSOC’s 2020 annual report: I support issuance of the FSOC’s annual report and the recommendations set forth […]

Project REACh Pledge Released to Promote Vitality of Minority Depository Institutions

WASHINGTON—The Office of the Comptroller of the Currency today announced the release of the Project REACh Minority Depository Institution (MDI) Pledge. In doing so, Acting Comptroller of the Currency Brian P. Brooks encouraged all large and midsize banks to consider the pledge to develop meaningful partnerships with MDIs to help them remain a vibrant part […]

OCC Announces Several New Executives

News Release 2020-165 | December 2, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced several executive assignments supporting its core mission of bank supervision. Karen Boehler will become the Deputy Comptroller of the Western District upon the retirement of Kay Kowitt. In this role, she will oversee a team […]

OCC Releases CRA Evaluations for 39 National Banks and Federal Savings Associations

News Release 2020-164 | December 1, 2020 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 November 1, 2020 through November 30, 2020. The list contains only national banks, federal savings associations, and insured federal […]

OCC Reduces 2021 Assessments on National Banks and Federal Savings Associations

News Release 2020-163 | December 1, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is reducing the rates in all Fee Schedules by 3 percent for the 2021 calendar year. The 2021 reduction is in addition to the 10 percent reduction to all Fee Schedules in 2020 and to the General […]

OCC Issues First Quarter and Second Quarter 2021 CRA Evaluation Schedule

News Release 2020-162 | November 30, 2020 Share This Page: 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 quarter and second quarter 2021. The OCC encourages public comment on the national banks and federal savings associations scheduled to be […]

Agencies Issue Statement on LIBOR Transition

News Release 2020-161 | November 30, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency today issued a statement encouraging banks to cease entering into new […]

OCC Proposes Rule Regarding the CRA General Performance Standards

News Release 2020-160 | November 24, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking regarding the Community Reinvestment Act’s (CRA) general performance standards. The OCC published a final rule in June 2020 to strengthen and modernize the agency’s regulations under the CRA […]

OCC Assesses $250 Million Civil Money Penalty Against JPMorgan Chase Bank, N.A.

News Release 2020-159 | November 24, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $250 million civil money penalty against JPMorgan Chase Bank, N.A. The OCC took this action based on the bank’s failure to maintain adequate internal controls and internal audit over its fiduciary business. The OCC […]

OCC Finalizes Update to Activities and Operations Rule

News Release 2020-158 | November 23, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a final rule that updates its rules for national bank and federal savings association activities and operations. The rule is part of the OCC’s continuous effort to modernize its rules and remove unnecessary requirements to […]