News Release 2022-26 | March 22, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the fourth quarter of 2021. The OCC Mortgage Metrics Report, Fourth Quarter 2021 showed that 96.4 percent of mortgages included in the report […]
Category Archives: Office of the Comptroller of the Currency
OCC Assesses $60 Million Civil Money Penalty, Issues Cease and Desist Order Against USAA
News Release 2022-25 | March 17, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $60 million civil money penalty against USAA, Federal Savings Bank, for violations of the OCC’s Bank Secrecy Act regulations. The OCC also issued a Cease and Desist Order against the bank based on its […]
OCC Issues Final Rule Addressing Authority for Exemptions to Suspicious Activity Report Requirements
News Release 2022-23 | March 16, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a final rule amending the OCC’s suspicious activity report (SAR) regulations. The rule clarifies the OCC’s authority to issue exemptions from the requirements of those regulations based on a request from a national bank or […]
Acting Comptroller Discusses Climate Risk Management, Diversity and Inclusion
News Release 2022-22 | March 7, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed climate-related financial risk and the importance of promoting diversity and inclusion in the banking industry at the Institute of International Bankers Annual Washington Conference. Related Links Media Contact Stephanie Collins(202) 649-6870 Related posts: Federal and State […]
Amanda Freedle Named Deputy Comptroller and Chief Accountant
News Release 2022-21 | March 4, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the selection of Amanda Freedle to be the agency’s next Deputy Comptroller and Chief Accountant. In this role, Ms. Freedle will lead the OCC’s efforts for bank accounting and financial reporting, providing accounting counsel to […]
OCC Releases CRA Evaluations for 11 National Banks and Federal Savings Associations
News Release 2022-20 | March 1, 2022 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 February 1, 2022 through February 28, 2022. The list contains only national banks, federal savings associations, and insured federal […]
OCC Issues Second and Third Quarter 2022 CRA Evaluation Schedule
News Release 2022-19 | February 23, 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 second and third quarters of 2022. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled […]
Acting Comptroller of the Currency Launches Project REACh Efforts in Detroit
News Release 2022-17 | February 15, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, and bankers to launch Detroit REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking […]
Agencies Issue 2021 Shared National Credit Review
News Release 2022-16 | February 14, 2022 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency Federal bank regulatory agencies today released the 2021 Shared National Credit (SNC) Review Report. According to the two SNC examinations conducted last year, credit risk for large […]
Acting Comptroller Discusses Modernization of the Community Reinvestment Act
News Release 2022-15 | February 14, 2022 Share This Page: WASHINGTON— Acting Comptroller of the Currency Michael J. Hsu today discussed the history of the Community Reinvestment Act (CRA) with the National Community Reinvestment Coalition. His remarks highlighted how a modernized CRA can help address persistent disparities and gaps in wealth and economic opportunities in minority, […]