Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The Comptroller of the Currency (OCC) on Thursday announced two enforcement actions from March: one removal and prohibition order, and one termination of a previous enforcement order. The prohibition was against Meg James, a former […]
“Open banking” – the practice of enabling consumer-permissioned sharing of financial data with third parties to empower consumers – is supported by the regulator of national banks, but not at the expense of dissolving banking’s […]
Interest-rate risk (IRR) statistics for banks between March 21, 2021 to Dec. 31, 2022, were released Wednesday by the national bank regulator. The report, released by the Office of the Comptroller of the Currency (OCC) […]
Registration for its 2023 series of workshops, including one new half-day workshop on capital markets, for bank board directors and senior management is open now, the Office of the Comptroller of the Currency (OCC) said […]
Four new members of the Minority Depository Institutions Advisory Committee (MDIAC) are appointed, and a meeting of the whole group will be held April 25, the regulator of national banks said Thursday. The Office of […]
Twelve of the 35 banks whose examination ratings under the anti-redlining Community Reinvestment Act (CRA) became public in March were deemed “outstanding” by the Office of the Comptroller of the Currency (OCC), with the remaining […]
Terming actions by the previous administration on bank regulation a “weakening” of common-sense safeguards and supervision for large regional banks, President Joe Biden (D) late Thursday urged the supervisors to reverse those decisions, which he […]
Bank trading revenue in the fourth quarter of 2022 was up from the same quarter of the previous year by nearly 34% to $9.6 billion, even though the revenue was down from the previous 2022 […]
A report that includes data on 22% of all residential mortgage debt outstanding – 12 million loans totaling $2.7 trillion in principal balances – in the U.S. shows that the performance of first-lien mortgages declined […]
Acting Comptroller of the Currency Michael Hsu has added a new role and title to his duties: chair of the umbrella group for the federal financial institution regulators, the group said Friday. Hsu was named […]
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