News Release 2021-85 | August 27, 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 released a guide intended to help community banks assess risks when considering relationships with financial technology (fintech) companies. Community banks are […]
Category Archives: Office of the Comptroller of the Currency
OCC to Hold Hearing on Charges Against Biagio Maffettone; Agency Seeks Prohibition Order and Civil Money Penalty
News Release 2021-84 | August 27, 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 Tuesday, August 31, 2021, where the OCC will litigate enforcement actions against Biagio Maffettone, former Vice President and Home Mortgage Area Manager at Citizens Bank, N.A., […]
OCC Issues Fourth Quarter 2021 and First Quarter 2022 CRA Evaluation Schedule
News Release 2021-83 | August 25, 2021 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 fourth quarter 2021 and first quarter 2022. The OCC encourages public comment on the national banks and federal savings associations scheduled to […]
OCC Releases CRA Evaluations for 14 National Banks and Federal Savings Associations
News Release 2021-80 | August 3, 2021 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 July 1, 2021 through July 31, 2021. The list contains only national banks, federal savings associations, and insured federal […]
Acting Comptroller of the Currency Testifies on Regulatory Priorities
News Release 2021-79 | August 3, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified at a hearing before the U.S. Senate Committee on Banking, Housing and Urban Affairs. The Acting Comptroller’s testimony discussed the agency’s priorities, review of key regulatory standards, and efforts to promote fairness and inclusion in the […]
OCC Announces Climate Change Risk Officer, Membership in the NGFS
News Release 2021-78 | July 27, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the appointment of Darrin Benhart as its Climate Change Risk Officer and its membership in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). “Prudently managing climate change risk is a […]
Interagency Statement on Community Reinvestment Act Joint Agency Action
News Release 2021-77 | July 20, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency WASHINGTON—The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) are committed to working together to jointly […]
OCC Statement on Rescinding its 2020 Community Reinvestment Act Rule
News Release 2021-76 | July 20, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will propose rescinding the Community Reinvestment Act (CRA) rule issued in May 2020 and is committed to working with the Federal Reserve (Board) and the Federal Deposit Insurance Corporation (FDIC) to put forward a […]
OCC Marks the First Anniversary of Project Reach
News Release 2021-75 | July 15, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today marked the first anniversary of Project REACh by hosting participants to celebrate the project’s accomplishments and to challenge them to set their sights even higher over the next two years. “Project REACh has generated a great deal […]
Agencies Request Comment on Proposed Risk Management Guidance for Third-Party Relationships
News Release 2021-74 | July 13, 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 requested public comment on proposed guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial […]