Category: occ

OCC Releases CRA Evaluations for 15 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2021 through March 31, 2021.

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2021 through March 31, 2021.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-47.html

Deputy Comptroller for Market Risk Policy Testifies on LIBOR Transition

Deputy Comptroller for Market Risk Policy Kevin Walsh today testified during a hearing before the U.S. House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets regarding the upcoming cessation of the London Int…

Deputy Comptroller for Market Risk Policy Kevin Walsh today testified during a hearing before the U.S. House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets regarding the upcoming cessation of the London Interbank Offered Rates (LIBOR).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-46.html

OCC Enforcement Actions and Terminations

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-45.html

OCC Designates Four as Senior National Bank Examiners

The Office of the Comptroller of the Currency (OCC) today designated Brad Biedermann, Kimberly Cahill, James Calhoun, and Roberta Caruso as Senior National Bank Examiners.

The Office of the Comptroller of the Currency (OCC) today designated Brad Biedermann, Kimberly Cahill, James Calhoun, and Roberta Caruso as Senior National Bank Examiners.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-44.html

Agencies Issue Statement and Request for Information on Bank Secrecy Act/Anti-Money Laundering Compliance

The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, today issued a joint statement addressing how risk management principles described in the “Supervisory Guidance on…

The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, today issued a joint statement addressing how risk management principles described in the "Supervisory Guidance on Model Risk Management" relate to systems or models used by banks to assist in complying with the requirements of Bank Secrecy Act (BSA) laws and regulations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-43.html

OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting April 27

The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 27, 2021. The virtual meeting is open to the public and will begin at 11:0…

The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 27, 2021. The virtual meeting is open to the public and will begin at 11:00 a.m. Eastern Daylight Time (EDT).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-42.html

OCC Promotes April as National Financial Capability Month

The Office of the Comptroller of the Currency (OCC) encourages national banks and federal savings associations (collectively, banks) to support financial literacy education year-round but especially during National Financial Capability Month, which run…

The Office of the Comptroller of the Currency (OCC) encourages national banks and federal savings associations (collectively, banks) to support financial literacy education year-round but especially during National Financial Capability Month, which runs through April 30.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-41.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.

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

Agencies Seek Wide Range of Views on Financial Institutions’ Use of Artificial Intelligence

Five federal financial regulatory agencies are gathering insight on financial institutions? use of artificial intelligence (AI).

Five federal financial regulatory agencies are gathering insight on financial institutions? use of artificial intelligence (AI).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-39.html

OCC Reports Decline in Mortgage Performance for Fourth Quarter 2020

The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system declined during the fourth quarter of 2020.

The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system declined during the fourth quarter of 2020.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-38.html