News Release 2022-99 | August 15, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host two workshops September 27-28 in Minneapolis for directors, senior management, and other key executives of national community banks and federal savings associations. The Risk Governance: Improving Director Effectiveness workshop on September 27 combines lectures, discussion, […]
Category Archives: Office of the Comptroller of the Currency
OCC Hosts Credit and Operational Risk Workshops in Orlando
News Release 2022-96 | August 8, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host two workshops September 13-14 in Orlando, Fla., for directors, senior management, and other key executives of national community banks and federal savings associations. The Credit Risk: Directors Can Make a Difference workshop on September 13 […]
Acting Comptroller Discusses Cybersecurity Risks to Financial Sector
News Release 2022-94 | August 2, 2022 Share This Page: WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today discussed cybersecurity risks facing the financial sector before the Financial and Banking Information Infrastructure Committee and the Financial Services Sector Coordinating Council. In his remarks, Mr. Hsu discussed the risk of evolving cybersecurity threats, the […]
OCC Allows National Banks and Federal Savings Associations Affected by Flooding in Kentucky to Close
News Release 2022-93 | August 1, 2022 Share This Page: 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 flooding in Kentucky. In issuing the proclamation, the OCC expects […]
OCC Updates Policy Statement on Minority Depository Institutions
News Release 2022-92 | July 27, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it is revising its 2013 policy statement for minority depository institutions (MDI) to update and streamline descriptions of its policies, procedures, and programs. The statement also describes the range of programs the OCC has in […]
OCC Solicits Research on Implications of Financial Technology for Banking
News Release 2022-91 | July 25, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting academic-and policy-focused research on the impact of financial technology (fintech) entities and nonbanks on banking and the markets for lending, deposit-taking, and payment services through August 21, 2022. The OCC will invite authors of selected […]
OCC Announces Executive Assignments in Chief Counsel’s Office
News Release 2022-89 | July 19, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the selection of Patricia Grady as Deputy Chief Counsel and Jonathan Fink as Associate Chief Counsel. Ms. Grady will provide legal advice to the Chief Counsel and senior OCC officials on significant legal, policy and […]
OCC Seeks Nominations for Minority Depository Institutions Advisory Committee
News Release 2022-86 | July 19, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of individuals who are […]
OCC’s Minority Depository Institutions Advisory Committee Charter Renewed
News Release 2022-85 | July 19, 2022 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which assists the OCC in assessing the needs and challenges facing minority depository institutions. “The OCC places great importance on the input we […]
OCC Assesses $125 Million Civil Money Penalty Against Bank of America, Orders Restitution for Unfair and Deceptive Practices
News Release 2022-84 | July 14, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $125 million civil money penalty against Bank of America, N.A., for violations of law and unsafe or unsound practices relating to the bank’s administration of a prepaid card program to distribute unemployment insurance and […]