All OCC articles – Page 7
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Blog
OCC highlights key risks for the federal banking system
The Office of the Comptroller of the Currency has released the latest edition of its Semiannual Risk Perspective. Key themes include: credit, operational, compliance, and interest rate risks for the federal banking system.
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Blog
Report: Wells Fargo employees may have altered customer documents
The latest catalyst for bad news at Wells Fargo: allegations that employees altered information on business customers’ forms and documents.
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Blog
States were too quick on the draw suing OCC over FinTech charters
State banking regulators this week suffered a setback with their lawsuit against the OCC over plans to offer bank charters to FinTech companies. Because the OCC’s plan has yet to be implemented, they currently lack standing, a judge says.
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BlogWells Fargo fined $1B by OCC, CFPB
The Office of the Comptroller of the Currency, in a coordinated action with the Consumer Financial Protection Bureau, assessed a total civil money penalty of $1 billion against Wells Fargo Bank for engaging in abusive lending practices concerning its auto loans.
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Blog
Banking regulators propose new capital rules under CECL
Banking regulators are proposing changes to regulatory capital requirements to address forward-looking credit losses under a new accounting standard.
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Blog
OCC chides Senate critics, defends supervisory reforms
The Comptroller of the Currency is fighting back against accusations by Senate Democrats, that his agency was slow to adapt to lessons learned from last year’s problematic behavior at Wells Fargo.
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Blog
Congress wants action on Wells Fargo regulatory plan
U.S. Senator Bob Menendez (D-N.J.), is among the concerned senators urging the Comptroller of the Currency to quickly act upon regulatory recommendations that emerged after last year’s fake accounts scandal at Wells Fargo.
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Blog
OCC: even in rip-roaring economy, bank risks persist
The Office of the Comptroller of the Currency has released a new report highlighting the credit, operational, and compliance risks that persist as key concerns for the federal banking system.
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ArticleCollaboration enhances risk management in financial services
The OCC recently endorsed collaboration between banks as a way to reduce costs on managing third-party risk, and compliance officers are more than ready for it.
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Blog
Acting comptroller thwarts CFPB, even as Dems question his authority
As the Office of the Comptroller of the Currency increasingly injects itself as a regulatory buffer between banks, financial services firms and the CFPB, Senate Democrats are questioning the legality and authority of Acting Comptroller Keith Noreika.
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Blog
Hurricane Harvey spurs regulatory relief, assistance for banks
Federal and state bank regulators have issued guidance for institutions in Texas suffering from the devastating effects of Hurricane Harvey. The advisory addresses temporary branches, loan modifications, and leniency regarding regulatory obligations and compliance deadlines.
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Blog
OCC issues higher-loan-to-value lending guidance
The Office of the Comptroller of the Currency has released new guidance intended “to spur community revitalization" with the prudent and appropriate use of higher-loan-to-value lending.
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Blog
OCC cracks open Volcker rule, seeks public comment
The latest effort to revise the Dodd-Frank Act’s Volcker rule is a public comment period, orchestrated by The Office of the Comptroller of the Currency, that may lead to a multi-agency Notice of Proposed Rulemaking.
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Blog
OCC report highlights evolving risks
The Office of the Comptroller of the Currency has released its latest assessment of the strategic, credit, operational, and compliance risks that are top and evolving concerns for the federal banking system.
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Blog
President Trump announces new nominees for key posts
President Donald Trump has announced the nominations of several new agency officials, including a new Comptroller of the Currency and assistant attorney general for the Justice Department.
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Blog
Big changes at OCC; Curry out, Noreika in
After five years of service, Comptroller of the Currency Thomas Curry will be leaving the agency. Keith Noreika, a partner at the law firm Simpson Thacher & Bartlett, will serve as acting Comptroller of the Currency.
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Blog
OCC details mistakes with Wells Fargo supervision
An internal review conducted by the Office of the Comptroller of the Currency details supervisory shortcomings related to malfeasance at Wells Fargo. Among the problems: all but ignoring more than 700 whistleblowers.
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Blog
Former OCC director of enforcement and compliance joins Buckley Sandler
Ellen Warwick, former director for enforcement and compliance for the Office of the Comptroller of the Currency (OCC), has joined international law firm Buckley Sandler as a senior counsel in the firm’s Washington, D.C. office.
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Article
FinTech takes a great leap forward
The Office of the Comptroller of the Currency has outlined, in greater detail, what it will take for FinTech firms to be chartered as national banks.
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ArticleBattle lines are drawn; OCC debates charters for FinTech firms
FinTech firms could be chartered as special-purpose national banks under a proposal being developed by the OCC. The plan, however, writes Joe Mont, could be challenging for firms and has unleashed a flurry of criticism.