News Release 2021-135 | December 15, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union […]
Category Archives: Office of the Comptroller of the Currency
Acting Comptroller Issues Statement on RFI on Bank Mergers
News Release 2021-134 | December 14, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement today regarding the Request for Information on bank mergers. I support the view of the majority of the FDIC Board members that the Bank Merger Act (BMA) guidelines are ripe for review. I am […]
OCC Issues Final Rule to Rescind its 2020 Community Reinvestment Act Rule
News Release 2021-133 | December 14, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) issued a final rule to rescind the June 2020 Community Reinvestment Act (CRA) rule and replace it with a rule based on the rules adopted jointly by the Federal banking agencies in 1995, as amended. This action […]
Acting Comptroller of the Currency Kicks Off DC REACh
News Release 2021-132 | December 13, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, and bankers to launch DC REACh, thereby expanding the OCC’s Project REACh efforts to Washington, D.C. The OCC launched Project REACh, or Roundtable for Economic Access and Change, to bring together leaders […]
Unauthorized Banking: FNB
Alert 2021-6| December 10, 2021 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]
Unauthorized Banking: Amarico Trust Bank
Alert 2021-5| December 9, 2021 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]
Acting Comptroller Issues Statement on HUD Guidance for Special Purpose Credit Programs
News Release 2021-130 | December 9, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement today regarding special purpose credit programs: Recently, the U.S. Department of Housing and Urban Development released guidance clarifying that special purpose credit programs that conform with the Equal Credit Opportunity Act (ECOA) and Regulation […]
Acting Comptroller Discusses Reforming Overdraft Programs
News Release 2021-129 | December 8, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed reforming bank overdraft programs to improve individuals’ financial health in remarks before the Consumer Federation of America’s 34th Annual Financial Services Conference. Related Links Media Contact Stephanie Collins(202) 649-6870 Related posts: New Brokered Deposits Rule Promotes […]
Lauren Oppenheimer to Serve as Chief of Staff to the Acting Comptroller
News Release 2021-128 | December 7, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the appointment of Lauren Oppenheimer as Chief of Staff to Acting Comptroller Michael J. Hsu. “Lauren joined the OCC on a detail in July and quickly became a trusted advisor and valued counsel for me […]
OCC Reports on Risks, Effects of COVID-19 Pandemic on Federal Banking System
News Release 2021-127 | December 6, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Fall 2021. Banks are weathering the COVID-19 crisis with […]