News Release 2021-98 | September 16, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $8.1 billion in the second quarter of 2021. The second quarter trading revenue was $2.4 billion, or 22.9 percent, less than the previous quarter. In the […]
Category Archives: Office of the Comptroller of the Currency
Acting Comptroller Discusses Priorities, Safeguarding Trust in Banking
News Release 2021-97 | September 15, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the agency’s priorities during an appearance before the Exchequer Club. His remarks provided the audience an overview of his priorities to reduce inequality, adapt to digitization, act on climate change, and guard against complacency, and how […]
Counterfeit Cashier’s Checks of Queensborough National Bank & Trust Company, Louisville, Ga.
Alert 2021-4| September 13, 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 […]
OCC to Hold Hearing on Charges Against Former Wells Fargo Bank, N.A. Executives; Agency Seeks Prohibition Order, Orders to Cease and Desist, and Civil Money Penalties
News Release 2021-96 | September 10, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a public hearing before an Administrative Law Judge beginning Monday, September 13, 2021, in Sioux Falls, S.D. The OCC will litigate enforcement actions against Claudia Russ Anderson, former Community Bank Group Risk Officer, David Julian, […]
OCC Assesses $250 Million Civil Money Penalty, Issues Cease and Desist Order Against Wells Fargo
News Release 2021-95 | September 9, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $250 million civil money penalty against Wells Fargo Bank, N.A, of Sioux Falls, S.D., based on the bank’s unsafe or unsound practices related to deficiencies in its home lending loss mitigation program and violations […]
OCC Issues Proposal to Rescind its 2020 Community Reinvestment Act Rule
News Release 2021-94 | September 8, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting comments on proposed rules to rescind the Community Reinvestment Act (CRA) rule issued in 2020 and replace it with rules adopted jointly by the Federal banking agencies in 1995, as amended. This action facilitates the […]
Agencies Extend Comment Period on Proposed Risk Management Guidance for Third-Party Relationships
News Release 2021-93 | September 7, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency The federal bank regulatory agencies today announced that they will extend until October 18, 2021, the comment period on proposed guidance designed to help banking organizations manage […]
OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting September 28
News Release 2021-92 | September 3, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, September 28, 2021. The virtual meeting is open to the public and will begin at 8:30 a.m. Eastern Daylight […]
OCC Hosts Virtual Minority Depository Institutions Advisory Committee Meeting September 21
News Release 2021-91 | September 3, 2021 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, September 21, 2021. The meeting is open to the public and will begin at 10:00 a.m. Eastern Daylight […]
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by California Wildfires
News Release 2021-89 | August 31, 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, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit […]