News Release 2022-61 | May 25, 2022 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 third and fourth quarters of 2022. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled […]
Category Archives: Office of the Comptroller of the Currency
Acting Comptroller Discusses Vulnerabilities, Volatility with Cryptocurrency
News Release 2022-60 | May 24, 2022 Share This Page: WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in remarks at the DC Blockchain Summit 2022. In his remarks, the Acting Comptroller discussed the fragemented ecosystem of cryptocurrency, risk of contagion, and […]
Acting Comptroller of the Currency Presents Bank Charter to Minority Depository Institution
News Release 2022-59 | May 23, 2022 Share This Page: WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today presented a full-service community national bank charter to Agility Bank, N.A. in Houston. The woman-owned and -led bank is the first new minority depository institution (MDI) national bank in 15 years. Typically, MDIs serve economically […]
Acting Comptroller Issues Statement on Passing of John W. Ryan, President and CEO of the Conference of State Bank Supervisors
News Release 2022-57 | May 18, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement on the passing of John W. Ryan, President and CEO of the Conference of State Bank Supervisors (CSBS). I was deeply saddened to hear of the death of John W. Ryan, President and CEO […]
Agencies Announce Public Meeting on the Proposed Acquisition by The Toronto-Dominion Bank of First Horizon Corporation; Public Comment Period Extended
News Release 2022-56 | May 17, 2022 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemOffice of the Comptroller of the Currency The Federal Reserve Board (Board) and the Office of the Comptroller of the Currency (OCC) today announced a joint public meeting on the proposal by The Toronto-Dominion Bank, Toronto, Ontario, […]
Agencies Announce Public Meeting on Proposed Bank of Montreal Acquisition of BancWest Holding Inc. and Bank of the West; Public Comment Period Extended
News Release 2022-55 | May 17, 2022 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemOffice of the Comptroller of the Currency The Federal Reserve Board (Board) and the Office of the Comptroller of the Currency (OCC) today announced a joint public meeting on the proposal by Bank of Montreal, Montreal, Canada, […]
Acting Comptroller Discusses Risk Management
News Release 2022-54 | May 17, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of risk management in remarks at Bloomberg Risk & Regulation Week 2022. In his remarks, the Acting Comptroller encouraged banks to assess exposures and adjust risk profiles ahead of potential uncertainty and volatility in […]
Acting Comptroller Issues Statement on Misuse of FDIC Name, Logo
News Release 2022-53 | May 17, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement at today’s Federal Deposit Insurance Corporation (FDIC) board meeting regarding the final rule on false advertising, misrepresentation of insured status and misuse of the FDIC’s name or logo. I support the final rule implementing […]
Deputy Comptroller Testifies on Artificial Intelligence
News Release 2022-52 | May 13, 2022 Share This Page: WASHINGTON—Deputy Comptroller for Operational Risk Policy Kevin Greenfield today testified during a hearing before the House Financial Services Committee Task Force on Artificial Intelligence (AI). He discussed the Office of the Comptroller of the Currency’s (OCC) approach to responsible innovation and its supervisory expectations for banks’ […]
Acting Comptroller Discusses Expanding Diversity and Inclusion, Minority Homeownership
News Release 2022-51 | May 12, 2022 Share This Page: WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today discussed the Office of the Comptroller of the Currrency’s efforts to reduce barriers to homeownership and promote financial inclusion in remarks at the Asian Real Estate Association of America Diversity and Fair Housing Summit. The […]