News Release 2020-99 | July 31, 2020 Share This Page: WASHINGTON, D.C.—Acting Comptroller of the Currency Brian P. Brooks issued the following statement after presenting Varo Bank, N.A. its official charter: It is a great honor to present Varo Bank its full-service national bank charter. For more than 157 years, national bank charters have signified to […]
Category Archives: Office of the Comptroller of the Currency
Federally Chartered Banks and Thrifts May Provide Custody Services For Crypto Assets
News Release 2020-98 | July 22, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. National and state banks and thrifts have long provided safekeeping and custody services, including both physical objects and […]
Office of the Comptroller of the Currency Issues Proposed True Lender Rule
News Release 2020-97 | July 20, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today proposed a rule that would determine when a national bank or federal savings association (bank) makes a loan and is the “true lender” in the context of a partnership between a bank and a third party. […]
Acting Comptroller of the Currency Joins Senator Tim Scott and HUD Secretary Ben Carson to Promote Access to Capital in Underserved Areas
News Release 2020-96 | July 17, 2020 Share This Page: CHARLESTON, S.C.—Acting Comptroller of the Currency Brian Brooks today joined Senator Tim Scott and Secretary of Housing and Urban Development Ben Carson to raise awareness of investment and lending related to Opportunity Zones, which also may receive credit under the Office of the Comptroller of the […]
OCC Seeks Members for Minority Depository Institutions Advisory Committee
News Release 2020-94 | July 15, 2020 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of officers […]
OCC Seeks Nominations for Mutual Savings Association Advisory Committee
News Release 2020-93 | July 15, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Mutual Savings Association Advisory Committee (MSAAC). The MSAAC provides the OCC with advice and recommendations regarding the current and future circumstances and needs of mutual savings associations. Officers or directors […]
OCC’s Mutual Savings Association Advisory Committee Charter Renewed
News Release 2020-92 | July 15, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Mutual Savings Association Advisory Committee (MSAAC), which advises the agency on issues and opportunities facing mutual savings institutions. “The Mutual Savings Association Advisory Committee is an important resource for OCC to […]
OCC Renews Minority Depository Institutions Advisory Committee Charter
News Release 2020-91 | July 15, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which advises the agency on issues and opportunities facing minority depository institutions. “The Minority Depository Institutions Advisory Committee provides the OCC with important insight on […]
Charles W. Calomiris Named Senior Deputy Comptroller for Economics
News Release 2020-90 | July 13, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced that Charles W. Calomiris, Ph.D. will be the agency’s next Senior Deputy Comptroller for Economics. As the agency’s chief economist, Dr. Calomiris will oversee the OCC’s Economics Department, providing economic, risk, and policy analysis to […]
OCC Announces Project REACh to Promote Greater Access to Capital and Credit for Underserved Populations
News Release 2020-89 | July 10, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency today announced the launch of Project REACh to promote financial inclusion through greater access to credit and capital. REACh stands for Roundtable for Economic Access and Change and brings together leaders from the banking industry, national civil rights […]