Category Archives: Office of the Comptroller of the Currency

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 […]

OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations

News Release 2021-72 | July 2, 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 June 1, 2021 through June 30, 2021. The list contains only national banks, federal savings associations, and insured federal […]

Mortgage Performance Declines in First Quarter 2021

News Release 2021-71 | June 28, 2021 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 declined during the first quarter of 2021. The OCC Mortgage Metrics Report, First Quarter 2021 showed that 94.2 percent of mortgages included in the report […]

OCC Reports First Quarter 2021 Bank Trading Revenue

News Release 2021-70 | June 28, 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 $10.5 billion in the first quarter of 2021. The first quarter trading revenue was $4.2 billion, or 65.9 percent, more than the previous quarter. In the […]

Acting Comptroller Statement on the Vote to Overturn OCC True Lender Rule

News Release 2021-69 | June 24, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement on the U.S. House of Representative’s vote to overturn the agency’s true lender rule. Today, the House voted to overturn the Office of the Comptroller of the Currency’s true lender rule, which was finalized […]

Office of the Comptroller of the Currency to Close June 18 in Recognition of Juneteenth

News Release 2021-68 | June 17, 2021 Share This Page: WASHINGTON—In recognition of the Juneteenth federal holiday signed into law by President Biden today, the Office of the Comptroller of the Currency will be closed Friday, June 18, 2021. Media Contact Bryan Hubbard(202) 649-6870 Related posts: Comptroller of the Currency Joseph Otting to Step Down, Brian […]

Remarks by the Acting Comptroller of the Currency on Reducing Bias in Real Estate Appraisals

News Release 2021-66 | June 15, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today delivered remarks to raise awareness about the need to reduce bias in real estate appraisals, during an event on the subject hosted by the Consumer Financial Protection Bureau (CFPB). His comments highlighted the significant impact bias in […]