Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A statement on supervisory practices affecting banks and credit unions in areas of California ravaged by wildfires was issued Tuesday by federal banking and credit union regulators, along with the California financial institution supervisor. The […]
Six prohibition orders were issued by the national bank regulator so far in February, the agency said Thursday. Formal agreements were also reached with both Michigan and Connecticut banks, both the result of “unsafe or […]
Once again, federal banking agencies said no action will be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks. The agencies made […]
National banks and savings associations having total consolidated assets of $250 billion or more have until April 15 to provide their federal regulator the results of this year’s Dodd-Frank Act stress tests using “baseline” and […]
Rodney Hood’s stint as acting comptroller of the currency may be a brief one, as the president has nominated Jonathan Gould to a five-year term in the comptroller post. Gould served previously at the Office […]
The new, acting head of the Office of the Comptroller of the Currency (OCC) on Tuesday said the agency had formally withdrawn from the international Network of Central Banks and Supervisors for Greening of the […]
The national bank regulator on Tuesday ordered three former Wells Fargo, N.A., executives to pay a combined $18.5 million in civil money penalties (CMPs) for sales practices misconduct, concluding action initiated in 2020 against 11 […]
National banks and federal savings institutions may close in areas affected by the fires in the Los Angeles area, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said, […]
Three banks earned “outstanding” ratings in December for their efforts to make loans in low- and moderate-income (LMI) areas, the regulator of national banks said Thursday. The banks are The First National Bank of Sparta […]
Violations and unsafe or unsound practices at one of the nation’s largest banks relating to anti-money laundering (AML) rules and sanctions compliance programs has prompted a cease-and-desist order by the regulator of national banks, made […]
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