Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Nominations for Comptroller of the Currency and Federal Reserve vice chairman for supervision were recommended for confirmation to the full Senate Thursday by the Senate Banking Committee on split votes. The committee recommended, 13-10, that […]
Federal financial institution regulators are gearing up for the approach of Hurricane Irma, which may strike Florida or parts of the Gulf Coast as soon as this weekend. The Office of the Comptroller of the […]
Nominations for a new Comptroller of the Currency, and top regulatory supervisor at the Federal Reserve, will be considered Thursday by the Senate Banking Committee. The committee has scheduled votes on the nominations of Joseph […]
Public input on revising “the Volcker Rule” – which bans banks from conducting certain investment activities with their own accounts, and limits their relationships with hedge and private equity funds — is being sought by […]
A stay of the “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) will not be sought by the comptroller of the currency, given that Congress is considering use of the “Congressional Review Act” to […]
Keith Noreika, a Washington attorney, will serve as interim Comptroller of the Currency after Thomas J. Curry steps down Friday (May 5), it was reported today. Noreika is a partner with the firm Simpson Thacher […]
Another step in granting federal banking charters to financial technology companies (fintech) was taken today with the release of a draft licensing manual supplement by the Office of the Comptroller of the Currency (OCC). According […]
Now is not the time to fundamentally change regulatory course, but to continue maintaining bank capital standards, ensuring stable sources of liquidity, and providing effective regulation and supervision, the Comptroller of the Currency said Thursday. […]
More than a dozen changes to existing regulations – dealing with everything from oaths of bank directors to website transactions — are addressed in a final rule by the OCC intended to update or remove […]
A Pennsylvania real estate title company has been fined $65 million for “improper actions” by its predecessor company as a result of action by three federal financial institution regulatory agencies today. Service Link Holdings LLC, […]
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