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/2019/nr-occ-2019-121.html

Federal Financial Regulatory Agencies Seek Comment on Proposed Interagency Policy Statement on Allowances for Credit Losses and Proposed Interagency Guidance on Credit Risk Review Systems

Four federal financial regulatory agencies today requested comment on a proposed Interagency Policy Statement on Allowances for Credit Losses. This proposed policy statement is intended to promote consistency in the interpretation and application of t…

Four federal financial regulatory agencies today requested comment on a proposed Interagency Policy Statement on Allowances for Credit Losses. This proposed policy statement is intended to promote consistency in the interpretation and application of the Financial Accounting Standards Board's (FASB) credit losses accounting standard, which introduces the current expected credit losses (CECL) methodology.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-120.html

Blake Paulson Named Agency’s Next Senior Deputy Comptroller for Midsize and Community Bank Supervision

The Office of the Comptroller of the Currency (OCC) today announced Blake Paulson would become the next Senior Deputy Comptroller for Midsize and Community Bank Supervision.

The Office of the Comptroller of the Currency (OCC) today announced Blake Paulson would become the next Senior Deputy Comptroller for Midsize and Community Bank Supervision.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-119.html

OCC Assesses $30 Million Civil Money Penalty Against Citibank

The Office of the Comptroller of the Currency (OCC) today announced a $30 million civil money penalty against Citibank, N.A, for violations related to the holding period of other real estate owned (OREO).

The Office of the Comptroller of the Currency (OCC) today announced a $30 million civil money penalty against Citibank, N.A, for violations related to the holding period of other real estate owned (OREO).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-118.html

Agencies Finalize Changes to Simplify Volcker Rule

Five federal financial regulatory agencies on Tuesday announced that they finalized revisions to simplify compliance requirements relating to the “Volcker rule.”

Five federal financial regulatory agencies on Tuesday announced that they finalized revisions to simplify compliance requirements relating to the "Volcker rule."

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-117.html

Agencies Finalize Changes to Simplify Volcker Rule

Five federal financial regulatory agencies on Tuesday announced that they finalized revisions to simplify compliance requirements relating to the “Volcker rule.”

Five federal financial regulatory agencies on Tuesday announced that they finalized revisions to simplify compliance requirements relating to the "Volcker rule."

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-117.html?utm_source=RSS_feed&utm_medium=RSS

OCC to Host Innovation Office Hours in Las Vegas

The Office of the Comptroller of the Currency (OCC) today announced it will hold Innovation Office Hours on October 28 in Las Vegas to promote responsible innovation in the federal banking system.

The Office of the Comptroller of the Currency (OCC) today announced it will hold Innovation Office Hours on October 28 in Las Vegas to promote responsible innovation in the federal banking system.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-116.html

OCC to Host Innovation Office Hours in Las Vegas

The Office of the Comptroller of the Currency (OCC) today announced it will hold Innovation Office Hours on October 28 in Las Vegas to promote responsible innovation in the federal banking system.

The Office of the Comptroller of the Currency (OCC) today announced it will hold Innovation Office Hours on October 28 in Las Vegas to promote responsible innovation in the federal banking system.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-116.html?utm_source=RSS_feed&utm_medium=RSS

Comptroller of the Currency Discusses Community Reinvestment, Honored for his Community Service

Comptroller of the Currency Joseph Otting today discussed community reinvestment and service during remarks at National Asian American Coalition’s (NAAC) 16th Annual Economic Development Conference.

Comptroller of the Currency Joseph Otting today discussed community reinvestment and service during remarks at National Asian American Coalition's (NAAC) 16th Annual Economic Development Conference.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-115.html

Comptroller of the Currency Discusses Community Reinvestment, Honored for his Community Service

Comptroller of the Currency Joseph Otting today discussed community reinvestment and service during remarks at National Asian American Coalition’s (NAAC) 16th Annual Economic Development Conference.

Comptroller of the Currency Joseph Otting today discussed community reinvestment and service during remarks at National Asian American Coalition's (NAAC) 16th Annual Economic Development Conference.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-115.html?utm_source=RSS_feed&utm_medium=RSS