News Release 2020-150 | November 16, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a final rule updating and clarifying licensing policies and procedures. The final rule makes various changes to the OCC’s Rules, Policies, and Procedures for Corporate Activities, 12 CFR part 5, including eliminating unnecessary requirements consistent […]
Category Archives: Office of the Comptroller of the Currency
Acting Comptroller of the Currency Testifies on Condition of the Federal Banking System and Regulatory Priorities
News Release 2020-149 | November 12, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks today testified during a hearing held by the U.S. House Committee on Financial Services. The Acting Comptroller’s testimony discussed the agency’s efforts to ensure the federal banking system operates in a safe, sound, and fair manner, provides fair […]
Acting Comptroller of the Currency Discusses Condition of the Federal Banking System and Agency Priorities
News Release 2020-148 | November 10, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks today testified during a hearing held by the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The Acting Comptroller’s testimony discussed the agency’s efforts to ensure the federal banking system is a source of strength, extends opportunities […]
OCC Reports Key Risks, Effects of COVID-19 in Federal Banking System
News Release 2020-147 | November 9, 2020 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 2020. Banks remain in strong financial […]
OCC Updates Director’s Toolkit
News Release 2020-146 | November 5, 2020 Share This Page: WASHINGTON— The Office of the Comptroller of the Currency today announced updates to its Director’s Toolkit to help bank directors for national banks and federal savings associations fulfill their corporate governance responsibilities. The Director’s Toolkit serves as a helpful guide for bank directors on strategic issues, […]
Agencies Release Paper on Operational Resilience
News Release 2020-144 | October 30, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency Federal bank regulatory agencies today released a paper outlining sound practices designed to help large banks increase operational resilience. Examples of risks to operational resilience include cyberattacks, […]
Acting Comptroller of the Currency Kicks off L.A. REACh
News Release 2020-143 | October 30, 2020 Share This Page: LOS ANGELES—Acting Comptroller of the Currency Brian P. Brooks today joined civic leaders, community advocates, and bankers to kick off Project REACh regional efforts in Los Angeles—L.A. REACh. REACh stands for Roundtable for Economic Access and Change, and the project brings together leaders from the banking […]
Agencies Propose Regulation on the Role of Supervisory Guidance
News Release 2020-142 | October 29, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for […]
Office of the Comptroller of the Currency Conditionally Approves SoFi’s Application to Establish a National Bank
News Release 2020-141 | October 28, 2020 Share This Page: WASHINGTON, D.C.—The Office of the Comptroller of the Currency yesterday granted conditional approval for Social Finance, Inc., to establish a full-service national bank titled SoFi Bank, National Association. The OCC granted preliminary conditional approval based on a thorough evaluation of information available to the agency, including […]
OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Zeta to Close
News Release 2020-140 | October 27, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices along the Gulf Coast of the United States and in other areas impacted by […]