Tag: occ
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OCC Highlights FinCEN Guidance on Fraud Information Sharing
The OCC highlights FinCEN's updated guidance on Section 314(b), clarifying how financial institutions can share information about suspected fraud, money laundering, and terrorist financing under a safe harbor, encouraging participation to combat illicit activities.
BusinessPolitics and GovernmentLaw EnforcementBankingFederal GovernmentLegalEconomy OCCFinCENSection 314(b)FraudInformation SharingFinancial InstitutionsUSA PATRIOT ActOffice of the Comptroller of the Currency (OCC)
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Jamie Wilds Named OCC Deputy Comptroller for Supervision System and Analytical Support
Jamie Wilds has been promoted to Deputy Comptroller for Supervision System and Analytical Support at the OCC. He will manage supervisory data and analytics, leveraging his extensive experience in system development and business transformation since joining in 2007.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyEmployment and LaborLegal Jamie WildsOCCDeputy ComptrollerSupervision System and Analytical SupportPromotionsFinancial ServicesWashington D.C.Office of the Comptroller of the Currency (OCC)
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U.S. Banks Report Strong Q1 2026 Trading Revenue and Surging Derivatives
U.S. commercial banks saw Q1 2026 trading revenue hit $16.3 billion, a significant increase. The OCC report also highlighted a surge in derivative notional amounts to $296.5 trillion, with four large banks dominating the market.
BusinessPolitics and GovernmentUSAEconomyBankingFinancial MarketsFederal GovernmentLegal OCCTrading RevenueCommercial BanksDerivativesFinancial ServicesBanking IndustryInterest Rate ProductsOffice of the Comptroller of the Currency (OCC)
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OCC Reports Improved First-Lien Mortgage Performance in Q1 2026
The OCC's Q1 2026 report shows 97.7% of first-lien mortgages in the federal banking system are current and performing, a slight increase from 2025. Foreclosure initiations rose quarter-over-quarter, while loan modifications increased by 7.1%, with most being combination modifications.
BusinessPolitics and GovernmentEconomyBankingFederal GovernmentReal Estate Mortgage performanceFirst-lien mortgagesOCCFederal banking systemForeclosuresLoan modificationsQ1 2026Office of the Comptroller of the Currency (OCC)
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OCC Announces Senior Leadership Appointments to Bolster Technology and Supervision
The OCC announced key leadership changes, appointing Megan Crespi as SDC for Technology and Information Services and Jennifer Crosthwaite as acting SDC for Large and Global Financial Institutions. These moves aim to bolster technology infrastructure and supervisory expertise for complex…
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentBankingFinancial MarketsArtificial IntelligenceComputers and Internet Office of the Comptroller of the CurrencyOCCMegan CrespiJennifer CrosthwaiteSenior Deputy ComptrollerTechnology and Information ServicesLarge and Global Financial InstitutionsOffice of the Comptroller of the Currency (OCC)
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Comptroller Gould Details Votes on Key FDIC Financial Regulations
Comptroller Jonathan V. Gould outlined his votes at the FDIC board meeting, supporting proposals on resolution planning, deposit insurance assessments, and confidential supervisory information disclosure, while also urging further improvements and public comment.
Politics and GovernmentBusinessFederal GovernmentBankingEconomyLegal Jonathan V. GouldFDICOCCResolution PlanningDeposit Insurance AssessmentsConfidential Supervisory InformationFinancial RegulationOffice of the Comptroller of the Currency (OCC)
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OCC Issues Updated Lending and Loan Portfolio Risk Management Guidance
The OCC has released a new "Lending and Loan Portfolio Risk Management" booklet, consolidating and updating guidance for banks. It aims to enhance examiner understanding of lending risks and supervision, replacing several older documents.
BusinessPolitics and GovernmentBankingEconomyFederal GovernmentLegal OCCLendingLoan PortfolioRisk ManagementFinancial RegulationComptroller's HandbookOffice of the Comptroller of the Currency (OCC)
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OCC Proposes New AML/Sanctions Rules for Stablecoin Issuers
The OCC has proposed new rules for stablecoin issuers, mandating compliance with anti-money laundering and sanctions standards under the GENIUS Act. This creates a supervision framework and requires adherence to BSA, FinCEN, and OFAC regulations.
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentEconomyBankingFinancial MarketsComputers and InternetLegal OCCStablecoinsAML/CFTSanctions ComplianceGENIUS ActBank Secrecy ActFinancial Crimes Enforcement NetworkOffice of the Comptroller of the Currency (OCC)
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OCC Issues June 2026 Enforcement Actions, Prohibiting Former Bank Officials
The OCC has issued June 2026 enforcement actions, including prohibitions against former Quontic Bank and First National Bank of Lindsay officials for misconduct, alongside terminating actions for Bank of America and two other banks.
BusinessPolitics and GovernmentLaw EnforcementEconomyBankingLegalFederal Government OCCenforcement actionsSteven HoDanny SeibelQuontic BankFirst National Bank of LindsayOffice of the Comptroller of the Currency (OCC)
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OCC Clarifies Filing Decision Standards for Financial Institutions
The OCC has issued new guidance clarifying its filing decision process for banks and federal savings associations. The bulletin emphasizes complete submissions and outlines criteria for approval, conditional approval, denial, and returning deficient filings.
BusinessPolitics and GovernmentBankingFederal GovernmentLegalEconomy OCCFiling DecisionsNational BanksFederal Savings AssociationsCommunity Banks12 CFR 5.13Charters & LicensingOffice of the Comptroller of the Currency (OCC)
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Federal Agencies Issue Joint Rule for Financial Data Transparency
Nine federal agencies, led by the OCC, have issued a joint final rule to implement the Financial Data Transparency Act of 2022. This initiative establishes common data standards to improve interoperability of financial regulatory data across the sector.
BusinessPolitics and GovernmentFederal GovernmentEconomyBankingLegal Financial Data Transparency ActFinancial RegulationData StandardsOCCFederal AgenciesInteroperabilityFinancial Stability Oversight CouncilOffice of the Comptroller of the Currency (OCC)
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OCC Proposes New Reporting Requirements for Stablecoin Issuers Under GENIUS Act
The OCC is proposing new weekly and quarterly reporting forms for payment stablecoin issuers under the GENIUS Act. Comments are invited on these forms, which aim to implement regulatory requirements for stablecoin activities.
BusinessPolitics and GovernmentScience & TechnologyEconomyFederal GovernmentBankingFinancial MarketsLegal OCCGENIUS ActPayment StablecoinFinancial RegulationDigital AssetsReporting FormsFederal RegisterOffice of the Comptroller of the Currency (OCC)
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OCC Shifts Focus to Risk Management, Innovation, and Bank Growth
Comptroller Jonathan V. Gould outlined the OCC's new direction to Congress, emphasizing a shift from risk elimination to management, boosting de novo bank formation, and promoting responsible innovation while addressing debanking concerns.
Politics and GovernmentBusinessFederal GovernmentCongressBankingFinancial MarketsSocial Issues OCCJonathan V. GouldFinancial Services Committeefinancial regulationde novo banksstablecoinOffice of the Comptroller of the Currency (OCC)
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OCC Appoints Benjamin Eddy as Senior Deputy Comptroller
Benjamin Eddy has been named Senior Deputy Comptroller for Regional and Midsize Financial Institutions at the OCC, effective June 1. He will oversee supervision of banks with assets between $30 billion and $500 billion, bringing extensive regulatory and private sector…
Politics and GovernmentBusinessFederal GovernmentBankingEmployment and LaborEconomy Benjamin EddyOCCFinancial InstitutionsBank SupervisionJonathan V. GouldRegulatory AppointmentWashington D.C.Office of the Comptroller of the Currency (OCC)
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OCC Releases May 2026 Bank Performance Evaluations
The Office of the Comptroller of the Currency (OCC) has published Community Reinvestment Act (CRA) performance evaluations for May 2026, rating 18 national banks and federal savings associations on their community credit needs.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomySocial Issues Community Reinvestment ActOCCBank Performance EvaluationsFinancial RegulationNational BanksFederal Savings AssociationsMay 2026Office of the Comptroller of the Currency (OCC)
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OCC Releases Third Quarter 2026 CRA Evaluation Schedule
The OCC has released its Q3 2026 Community Reinvestment Act evaluation schedule, a departure from its usual two-quarter advance notice. This change is due to updates for community banks and supervisory reforms, with public comments encouraged.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalBanking OCCCommunity Reinvestment ActBank RegulationFinancial ServicesEvaluation ScheduleCommunity BanksPublic CommentOffice of the Comptroller of the Currency (OCC)