comptroller – Regulatory Report

What's up

[ October 17, 2025 ] New national bank, based in Ohio and expected to focus on ‘digital asset activities,’ earns charter OCC
[ October 17, 2025 ] New non-discrimination posters in Spanish include phrase on Trump order about English as ‘official language’ OCC
[ October 16, 2025 ] Federal bank regulators rescind climate-related risk management principles FDIC
[ October 16, 2025 ] Florida bank faces overhaul of management, board, operations for alleged BSA/AML compliance deficiencies OCC
[ October 15, 2025 ] Banks, real estate lenders, seeing ‘mixed’ economic conditions, Fed reports The Fed

Law professor, with history of studying financial regulation, tapped to lead OCC

September 23, 2021 0

Saule T. Omarova, a Cornell University law professor, is President Joe Biden’s (D) pick as nominee to a five-year term as Comptroller of the Currency, the White House announced Thursday. A former special advisor for […]

Trump to nominate Brooks, the acting comptroller, for a full term

November 18, 2020 0

Acting Comptroller of the Currency Brian Brooks is expected to be nominated by President Donald Trump for a five-year term as the head of the Office of the Comptroller of the Currency (OCC), the White […]

New national bank, based in Ohio and expected to focus on ‘digital asset activities,’ earns charter

October 17, 2025 0

A new bank, focusing on digital assets, will soon appear in Columbus, Ohio, following the conditional approval of a “de novo” national bank charter, the national bank regulator said Thursday. Erebor Bank was granted the conditional approval of a national [...]
New non-discrimination posters in Spanish include phrase on Trump order about English as ‘official language’

October 17, 2025 0

With no hint of irony, new posters in Spanish aimed at promoting non-discrimination in housing lending will now include the phrase “Como se describe en la Orden Ejecutiva 14224, el inglés es el idioma oficial de los Estados Unidos,” which [...]
Federal bank regulators rescind climate-related risk management principles

October 16, 2025 0

Calling the principles unnecessary and distracting, prudential federal banking regulators on Thursday announced the rescission of their 2023 interagency principles for climate-related financial risk management, which applied to institutions having more than $100 billion in consolidated assets. The Federal Reserve [...]
Florida bank faces overhaul of management, board, operations for alleged BSA/AML compliance deficiencies

October 16, 2025 0

Unsafe or unsound practices related to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) risk management and suspicious activity reporting (SAR), among other things, have led to a formal agreement between a Florida bank and the national bank regulator, the agency said Thursday. [...]
Banks, real estate lenders, seeing ‘mixed’ economic conditions, Fed reports

October 15, 2025 0

“Mixed” economic conditions in the financial services sector were reported Wednesday by the Federal Reserve, with some of the agency’s district reporting improved business lending – but others continued to “highlight muted activity.” The agency said the mixed results also [...]
FDIC developing methods for nonbanks to participate in failed bank assets purchases

October 15, 2025 0

Methods for expanding participation from nonbanks in buying the assets of failed banks – such as those that went belly up in 2023 and 2024 — will be tested early next year, the acting board chairman for the federal bank [...]
Fed to expand operational hours for two large payments systems beginning in 2028

October 10, 2025 0

Sundays and weekday holidays will now be open for transactions through two of the central bank’s largest payments services, starting no earlier than 2028, the agency said late Thursday. The Fedwire (R ) Funds Service (FFS) and the National Settlement [...]
Guidance on capital instruments for MBOs lauded by national bank regulator, noting clarity offered

October 10, 2025 0

Providing clarity on capital instruments for mutual banking organizations (MBOs) through Federal Reserve guidance was lauded by the national bank regulator late Thursday. In a statement, Comptroller of the Currency Jonathon Gould said the Oct. 8 “additional tier 1 term [...]