Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
The national banking regulator’s financial inclusion program – dubbed Project REACh (Roundtable for Economic Access and Change) – is now under the umbrella of the Office of External Relationships and Strategic Partnerships, the agency’s acting […]
Data on first-lien residential mortgage loans serviced by seven national banks with large mortgage-servicing portfolios shows a 0.1% improvement in the loans’ fourth-quarter performance from 2023 to 2024, the Office of the Comptroller of the […]
Banks’ fourth-quarter trading revenue of $14.8 billion was down 10.6% from the third quarter but up 26.7% from a year ago, the Office of the Comptroller of the Currency (OCC) said in a report Friday. […]
“Reputation risk” will no longer be an element in examinations by the national bank regulator under a bulletin issued late Thursday by the agency, which also said it had instructed its examiners to stop assessing […]
Unsafe and unsound practices related to interest rate risk, strategic planning, capital, liquidity, and earnings have earned a Massachusetts bank a cease-and-desist order from the national bank regulator, the agency said Thursday. According to the […]
Helping banks make the most of “digitalization” is the theme of a new webpage posted Wednesday by the national bank regulator. In its bulletin OCC 2025-3, the Office of the Comptroller of the Currency (OCC) […]
“Conditional approval” for a financial technology (fintech) company to change the business model of an Illinois bank — after the firm completes its purchase of the bank – was approved by the national bank regulator, […]
A Southfield, Mich., bank that was the focus from 2022-24 of numerous enforcement actions, including prohibitions of employees associated with a risky loan program, will be acquired by a Florida banking company, the Federal Reserve […]
Virtual office hours focusing on technology and innovation – particularly about such topics as cryptocurrency and relationships between banks and financial technology companies (fintechs) — are set for May 6-8 by the national bank regulator, […]
Banks may engage in “a range of cryptocurrency activities” now deemed permissible by the national bank regulator, the agency said late Friday. In a release (and interpretive letter 1183 to banks) the Office of the […]
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