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 […]
Category Archives: Office of the Comptroller of the Currency
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
Related posts: Jay Gallagher Named Deputy Comptroller for Systemic Risk Identification Support and Specialty Supervision Brian P. Brooks to Step Down, Blake Paulson to Become Acting Comptroller of the Currency on January 14, 2021 OCC Fines Former Wells Fargo General Counsel $3.5 Million in Settlement OCC Publication Focuses on Bank Investments in Opportunity Zones
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
Related posts: Agencies Issue Statement on Bank Secrecy Act Due Diligence Requirements for Customers Who May Be Considered Politically Exposed Persons Agencies Issue Three Final Rules OCC Allows National Banks and Federal Savings Associations Affected by Oregon and Washington Wildfires to Close OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Sally to […]
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 […]
OCC Joins Military Spouse Employment Partnership
News Release 2022-131 | October 25, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) affirmed its commitment to military families by joining the Military Spouse Employment Partnership (MSEP) at a ceremony today in Arlington, Va. MSEP is a Department of Defense program that connects military spouses with partner employers who have […]
Acting Comptroller Issues Statement on FDIC and Federal Reserve Board ANPR on Resolution-Related Resource Requirements for Large Banking Organizations
News Release 2022-129 | October 18, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Federal Deposit Insurance Corporation (FDIC) board meeting: I support the FDIC’s joint issuance with the Federal Reserve of this Advance Notice of Proposed Rulemaking (ANPR) on resolution-related resource requirements for large […]