Tag: occ
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)