WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the third quarter of 2023. The OCC Mortgage Metrics Report, Third Quarter 2023 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, […]
Category Archives: Office of the Comptroller of the Currency
OCC Issues Annual Report for 2023
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published its 2023 Annual Report. The OCC Annual Report provides Congress with an overview of the condition of the federal banking system, discusses the OCC’s strategic priorities and initiatives, and shares the agency’s financial management and condition. In 2023, the OCC marked its 160th anniversary […]
OCC Issues Guidance on ‘Buy Now, Pay Later’ Lending
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued guidance to national banks and federal savings associations to address the risks associated with “buy now, pay later” lending. The guidance focuses on the risk management of buy now, pay later (BNPL) loans, which are payable in four or fewer installments and carry no […]
Acting Deputy Comptroller Testifies on Financial Technology
WASHINGTON—Deputy Comptroller for Compliance Policy and Acting Deputy Comptroller for the Office of Financial Technology Donna Murphy today testified on the activities and initiatives of the Office of the Comptroller of the Currency’s (OCC) Office of Financial Technology before the Subcommittee on Digital Assets, Financial Technology and Inclusion, Committee on Financial Services of the U.S. […]
OCC Releases Virtual Workshop Schedule for Community Bank Directors and Senior Management
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced its 2024 schedule of free, virtual workshops for directors, senior management, and other key executives of national community banks and federal savings associations. The OCC examiner-led workshops provide practical training and guidance to directors and senior management of national community banks and federal savings […]
OCC Solicits Research on Depositor Behavior, Bank Liquidity, and Run Risk
WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on depositor behavior, bank liquidity, and run risk in the banking system for submission by January 15, 2024. The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters in […]
OCC Publishes 2024 Assessments for National Banks and Federal Savings Associations
WASHINGTON—The Office of the Comptroller of the Currency (OCC) is publishing its assessment rates for the 2024 calendar year. The OCC is maintaining the 2023 rates in the general assessment, independent trust, and independent credit card fee schedules, and is not adjusting assessment rates for inflation. The OCC continues to pursue efficiencies to ensure that […]
OCC Releases CRA Evaluations for 42 National Banks and Federal Savings Associations
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 November 1, 2023, through November 30, 2023. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The […]
OCC Issues First and Second Quarter 2024 CRA Evaluation Schedule
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 and second quarters of 2024. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public comments should […]
Agencies Extend Comment Period on Proposed Rule to Require Large Banks to Maintain Long-term Debt
Related posts: OCC Proposes Rule Regarding Permissible Bank Premises OCC Promotes Two to Deputy Comptroller for Large Bank Supervision Agencies Seek Wide Range of Views on Financial Institutions’ Use of Artificial Intelligence Acting Comptroller of the Currency Testifies on the Condition of the Federal Banking System