News Release 2022-47 | May 5, 2022 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—Federal bank regulatory agencies today jointly issued a proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA) to better achieve the purposes of the […]
Category Archives: Office of the Comptroller of the Currency
OCC Announces Workshops for Directors of National Community Banks and Federal Savings Associations
News Release 2022-44 | April 27, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced its schedule of workshops for board directors of national community banks and federal savings associations for the second half of 2022. The OCC examiner-led workshops provide practical training and guidance to directors of national community […]
Acting Comptroller Issues Statement on Standards for Stablecoins
News Release 2022-43 | April 27, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement after his appearance today at the Artificial Intelligence and the Economy: Charting a Path for Responsible and Inclusive AI symposium hosted by the U.S. Department of Commerce, National Institute of Standards and Technology (NIST), […]
OCC Launches Discussion Series on Financial Health
News Release 2022-42 | April 22, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the launch of a discussion series to explore issues relating to the financial wellbeing of consumers. The Financial Health: Vital Signs series will feature discussions with Acting Comptroller of the Currency Michael J. Hsu and […]
OCC Issues Consent Order Against Anchorage Digital Bank
News Release 2022-41 | April 21, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a Consent Order against Anchorage Digital Bank, Sioux Falls, S.D. The OCC took this action based on the bank’s failure to adopt and implement a compliance program that adequately covers the required Bank Secrecy Act/anti-money […]
Acting Comptroller Discusses Expanding Access to Homeownership for Minorities
News Release 2022-38 | April 19, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed expanding access to homeownership for minorities at the Black Homeownership Collaborative’s Fair Housing Month Virtual Forum. In his remarks, Acting Comptroller Hsu discussed initiatives such as reducing appraisal bias, Project REACh, and an interagency effort to […]
Acting Comptroller Discusses Architecture of Stablecoins
News Release 2022-37 | April 8, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed stablecoins at the Institute of International Economic Law at Georgetown University Law Center. In his remarks, Acting Comptroller Hsu discussed the architecture of a U.S. dollar-based stablecoin system, and policy considerations regarding stablecoin stability, interoperability and […]
OCC Publication Focuses on Bank Partnerships in Community Reinvestment and Resilience
News Release 2022-36 | April 7, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Partners in Recovery: Community Reinvestment and Resilience.” This edition of Community Developments Investments highlights how banks can collaborate with community development financial institutions, minority depository institutions, […]
OCC to Host Virtual Minority Depository Institutions Advisory Committee Meeting April 26
News Release 2022-35 | April 5, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, April 26, 2022. The meeting is open to the public and will begin at 1:00 p.m. Eastern Daylight […]
Acting Comptroller Discusses Large Bank Resolvability
News Release 2022-33 | April 1, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed financial stability and large bank resolvability at the University of Pennsylvania Wharton School of Business. In his remarks, Acting Comptroller Hsu discussed gaps in resolvability for the largest non-global systemically important banks, potential solutions, and the […]