Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Calling artificial intelligence (AI) a “powerful technology,” the regulator of national banks said Tuesday it can be used to help banks make more informed decisions – but only if it is built and used responsibly, […]
Two former auditors for Wells Fargo Bank have reached an agreement with the national bank regulator that the agency said late Friday resolves an enforcement issue over long-running sales practices misconduct first brought against the […]
Joint statements on crypto assets, issued two years ago, were withdrawn late Thursday by two federal banking regulators; one of them, the Federal Reserve, also said it was withdrawing guidance related to crypto-asset and dollar […]
A merger of Discover Bank, Greenwood, Del., into Capital One, National Association, McLean, Va., was approved by two federal banking regulators Friday on condition that Discover Bank and its affiliates satisfy requirements of a consent […]
Three prohibition orders against bankers who allegedly misappropriated funds, committed fraud or committed embezzlement were made public Thursday by the national bank regulator. The Office of the Comptroller of the Currency (OCC), in a release, […]
Embracing bank-fintech partnerships and expanding “responsible bank activities involving digital assets” are two of the top four priorities of the acting leader of the national bank regulator, he told a Washington group Wednesday. Speaking before […]
The national bank regulator on Wednesday announced it was combining its midsize and community bank supervision and large bank supervision functions to create a new bank supervision and examination “line of business.” It said it […]
A February security breach at the national bank regulator affected an account that “existed solely” in the cloud environment, with no evidence of compromise “affecting other accounts in the tenant,” the regulator said in a […]
Certain appraisal requirements for real estate-related transactions are temporarily paused to help facilitate recovery efforts in areas affected by the Los Angeles County wildfires earlier this year, the three federal banking agencies and the federal […]
Classifying a February computer security breach as a “major incident,” the regulator of national banks Tuesday told Congress that the event led to unauthorized access to several of its executives’ and employees’ emails that included […]
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