Bank Operations – US Bank Regulatory News

Acting Comptroller of the Currency Issues Statement in Support of the FSOC’s Climate-related Financial Risk Committee

Acting Comptroller of the Currency Michael J. Hsu today released the following statement in support of the Financial Stability Oversight Council’s (FSOC) new Climate-related Financial Risk Committee.

Acting Comptroller of the Currency Michael J. Hsu today released the following statement in support of the Financial Stability Oversight Council's (FSOC) new Climate-related Financial Risk Committee.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-139.html

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Tornadoes

The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of tornadoes on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-135.html

Acting Comptroller of the Currency Issues Statement in Support of the NGFS Glasgow Declaration

Acting Comptroller of the Currency Michael J. Hsu today released the following statement in support of the Network for Greening the Financial System (NGFS) Glasgow Declaration.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-114.html

Statement by the Acting Comptroller of the Currency on FSOC Climate Change Report

Acting Comptroller of the Currency Michael J. Hsu made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the FSOC Climate Change Report.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-108.html

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by California Wildfires

The Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of California wildfires on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision. The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-89.html

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Ida

The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of Hurricane Ida on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision. The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-88.html

OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Ida to Close

The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices along the Gulf Coast of the United States and in …

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-86.html

Acting Comptroller of the Currency Testifies on the Condition of the Federal Banking System

Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the condition of the federal bankings system, the agency’s response to the COVID-19 pandemic, and its efforts to promote diversity a…

Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the condition of the federal bankings system, the agency's response to the COVID-19 pandemic, and its efforts to promote diversity and inclusion.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-56.html

Acting Comptroller of the Currency Statement Regarding Climate Risk at the Financial Stability Oversight Council

Acting Comptroller of the Currency Blake Paulson made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to climate risks.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-40.html

Statement by the Acting Comptroller of the Currency Regarding Issuance of FSOC’s 2020 Annual Report

Acting Comptroller of the Currency Brian P. Brooks made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the issuance of FSOC’s 2020 annual report.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-167.html