All Office of the Comptroller of the Currency articles

  • GlobalBankPolicyFeature
    Article

    Fed seeks comments on framework for foreign banks

    2019-04-10T20:14:00Z

    The Federal Reserve Board is seeking public comments on a regulatory framework that would more closely match the rules for foreign banks with the risks they pose to the U.S. financial system.

  • Blog post

    Capital One pays $100M for AML compliance deficiencies

    2018-10-24T10:30:00Z

    The Office of the Comptroller of the Currency has assessed a $100 million civil money penalty against Capital One and Capital One Bank for deficiencies in the financial concern’s Bank Secrecy Act/Anti-Money Laundering program.

  • Article

    Government clears way for FinTech firms to compete with banks

    2018-08-01T12:00:00Z

    In separate developments announced July 31, the U.S. Department of Treasury and the Office of the Comptroller of the Currency paved the way for FinTech firms and other non-banks to more easily compete with traditional banks. Once again, opponents are threatening legal action.

  • wellsfargobranch
    Blog post

    Wells Fargo fined $1B by OCC, CFPB

    2018-04-20T10:15:00Z

    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.

  • Blog post

    OCC: Citibank to pay $70M for AML deficiencies

    2018-01-05T14:30:00Z

    The Office of the Comptroller of the Currency assessed a $70 million civil penalty against Citibank for failing to comply with the agency’s 2012 consent order related to Bank Secrecy Act and anti-money laundering deficiencies.

  • coinsfinancialgame
    Article

    Collaboration enhances risk management in financial services

    2017-10-24T13:15:00Z

    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.

  • Blog post

    OCC names chief risk officer

    2017-07-26T09:15:00Z

    The Office of the Comptroller of the Currency has named William Rowe as chief risk officer, effective immediately. Rowe fills the position vacated by Linda Cunningham, who retired in April.

  • Blog post

    Former OCC director of enforcement and compliance joins Buckley Sandler

    2017-03-28T09:45:00Z

    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.