News Release 2020-162 | November 30, 2020 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 first quarter and second quarter 2021. The OCC encourages public comment on the national banks and federal savings associations scheduled to be […]
Category Archives: Office of the Comptroller of the Currency
Agencies Issue Statement on LIBOR Transition
News Release 2020-161 | November 30, 2020 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, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency today issued a statement encouraging banks to cease entering into new […]
OCC Proposes Rule Regarding the CRA General Performance Standards
News Release 2020-160 | November 24, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking regarding the Community Reinvestment Act’s (CRA) general performance standards. The OCC published a final rule in June 2020 to strengthen and modernize the agency’s regulations under the CRA […]
OCC Assesses $250 Million Civil Money Penalty Against JPMorgan Chase Bank, N.A.
News Release 2020-159 | November 24, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $250 million civil money penalty against JPMorgan Chase Bank, N.A. The OCC took this action based on the bank’s failure to maintain adequate internal controls and internal audit over its fiduciary business. The OCC […]
OCC Finalizes Update to Activities and Operations Rule
News Release 2020-158 | November 23, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a final rule that updates its rules for national bank and federal savings association activities and operations. The rule is part of the OCC’s continuous effort to modernize its rules and remove unnecessary requirements to […]
Agencies Provide Temporary Relief to Community Banking Organizations
News Release 2020-157 | November 20, 2020 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 on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting […]
Proposed Rule Would Ensure Fair Access to Bank Services, Capital, and Credit
News Release 2020-156 | November 20, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today proposed a rule to ensure fair access to banking services provided by national banks, federal savings associations, and federal branches and agencies of foreign bank organizations. The proposal would codify more than a decade of OCC […]
Agencies Release Fact Sheet to Clarify Bank Secrecy Act Due Diligence Requirements For Banks and Credit Unions that Offer Services to Charities and Non-Profits
News Release 2020-155 | November 19, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency Federal financial institution regulatory agencies today issued a joint fact sheet clarifying that bank and credit unions compliance efforts to meet Bank Secrecy Act […]
Statement on the President’s Intent to Nominate Brian P. Brooks to Serve as Comptroller of the Currency
News Release 2020-152 | November 17, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks released the following statement upon the announcement that President Donald J. Trump intends to nominate him to serve as the 32nd Comptroller of the Currency. It is a great honor to have President Donald J. Trump announce his […]
Acting Comptroller of the Currency Congratulates SEC Chairman on his Tenure
News Release 2020-151 | November 17, 2020 Share This Page: WASHINGTON, DC—Acting Comptroller of the Currency Brian P. Brooks issued the following statement upon learning that Securities and Exchange Commission Chairman Walter Joseph “Jay” Clayton III plans to resign at year’s end. I want to congratulate Jay on his tenure as Chairman of the SEC and […]