All OCC articles – Page 8

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • FinTechOnline

    Battle 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.

  • Blog

    OCC details top bank risks, stresses compliance


    The Office of the Comptroller of the Currency reports that strategic, credit, operational, and compliance risks remain top concerns for banks and other financial institutions. Joe Mont explores.

  • Blog

    OCC sets stage for FinTech firms to charter as national banks


    The Office of the Comptroller of the Currency will consider applications from financial technology (FinTech) companies to become special purpose national banks. Charters would come with heightened risk management and liquidity requirements.

  • Blog

    Amid Hurricane Matthew, banks reminded of post-disaster best practices


    With Hurricane Matthew charting a destructive path aloong the U.S. coastline, the Office of the Comptroller of the Currency has some pre- and post-disaster guidance for affected banks. Joe Mont reports.

  • Blog

    OCC crafts guidance on correspondent banking risk


    The Office of the Comptroller of the Currency has issued risk management guidance that addresses periodic reevaluations of the risks associated with foreign correspondent banking accounts. More from Joe Mont.

  • Blog

    OCC pitches resolution plan for uninsured national banks


    The Office of the Comptroller of the Currency has proposed a rule that would establish a framework to place uninsured national banks into receivership, contributing “to the broader stability of the federal banking system.” Joe Mont reports.

  • Blog

    OCC warns banks about new communication tech


    The Office of the Comptroller of the Currency has issued guidance for the banks it oversees regarding their obligations related to the maintenance of records, records retention, and examiner access to those documents in light of new communications technologies. Joe Mont offers some details on the guidance.

  • Blog

    Proposed rule extends big bank liquidity demands


    A busy day for bank regulators on Tuesday led to proposed rules dealing with new liquidity requirements, incentive-based compensation, and how small banks are assessed for deposit insurance. Joe Mont reports.

  • Article

    OCC will add "recovery plans" alongside big bank stress tests


    The Office of the Comptroller of the Currency is seeking comment on “enforceable guidance” that will require banks with assets of $50 billion or more to create “recovery plans.” While resolution plans, orchestrated by the Federal Reserve and Federal Deposit Insurance Corporation, largely focus on liquidity and asset quality, the ...

  • Blog

    Analyzing Your Risks in the Banking Sector


    Image: Now that the Federal Reserve has raised interest rates for the first time in seven years, it’s as good a time as any to worry about risks in the banking system; and thankfully two different regulators—the U.S. Office of the Comptroller of the Currency, and the International Organizations of ...

  • Blog

    Top Banking Risks Tallied by OCC


    Strategic, underwriting, cyber-security, compliance, and interest rate risks sit atop the Office of the Comptroller of the Currency’s list of supervisory concerns in its Semi-annual Risk Perspective. Banks continue to face strategic challenges to growing revenues to meet target rates of return in a slow-growth, low interest rate environment, the ...