Tag: office_of_the_comptroller_of_the_currency
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OCC Issues Final Rule Implementing GENIUS Act Stablecoin Framework
The rule, effective January 18, 2027, sets reserve, redemption, custody and risk management standards for payment stablecoin issuers under OCC jurisdiction, with a separate rulemaking to follow on Bank Secrecy Act, anti-money laundering and sanctions requirements.
BusinessPolitics and GovernmentScience & TechnologyBankingFederal GovernmentLegalFinancial MarketsComputers and Internet Office of the Comptroller of the CurrencyGENIUS Actpayment stablecoinsstablecoin regulation12 CFR 15federal qualified payment stablecoin issuersDigital Assets & TokenizationOffice of the Comptroller of the Currency (OCC)Scott BessentJonathan V. Goulddigital assetscryptocurrency regulation
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OCC Finalizes Weekly and Quarterly Reporting Forms for Payment Stablecoin Issuers Under GENIUS Act
The OCC has finalized revised weekly and quarterly reporting forms for permitted payment stablecoin issuers under the GENIUS Act, opening a 30-day public comment period on the revised forms.
BusinessPolitics and GovernmentScience & TechnologyBankingFinancial MarketsFederal GovernmentLegal Office of the Comptroller of the CurrencyGENIUS Actpayment stablecoindigital assetsOCC reporting formsfederal banking regulationOffice of Management and BudgetOffice of the Comptroller of the Currency (OCC)
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OCC Outlines Waiver Process for Stablecoin Issuers Ahead of GENIUS Act Deadline
The OCC says existing stablecoin issuers with substantially complete applications pending by January 18, 2027, can seek waivers from the GENIUS Act's prior approval requirement.
BusinessPolitics and GovernmentLaw EnforcementBankingFinancial MarketsFederal GovernmentLegal GENIUS ActOffice of the Comptroller of the Currencypayment stablecoinwaiversdigital assetscryptocurrency regulationOCC Bulletin 2026-51Office of the Comptroller of the Currency (OCC)
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OCC Report Finds All Nine Largest National Banks Had Debanking Policies
Comptroller Jonathan V. Gould says the banks denied or limited services based on political, religious or social views and lawful business activities between 2020 and September 2025, and that the OCC will assess further regulatory changes.
Politics and GovernmentBusinessBankingFederal GovernmentCongressLegalEconomySocial Issues Office of the Comptroller of the CurrencyDebankingJonathan V. GouldAndy BarrCoal industryFirearms industryLexington, KentuckyOffice of the Comptroller of the Currency (OCC)National banksFair access to financial servicesReputation riskExecutive Order
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Bank of America Hit With Over $1.96 Billion in AML and Sanctions Penalties
FinCEN assessed $1.2 billion, the OCC $750 million and OFAC $11.6 million, with the bank admitting it willfully violated the Bank Secrecy Act.
BusinessLaw EnforcementUSABankingLegalFederal GovernmentFinancial MarketsPolitics and GovernmentEconomy Office of the Comptroller of the CurrencyBank of AmericaBank Secrecy Actcivil money penaltyanti-money launderingFinancial Crimes Enforcement NetworkJonathan V. GouldOffice of the Comptroller of the Currency (OCC)FinCENmoney launderingOffice of Foreign Assets ControlsanctionsU.S. Department of the TreasuryOFACUS Treasury
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OCC Allows Banks in Alabama and Mississippi to Close as Hurricane Isaias Hits
The OCC issued a proclamation letting national banks, federal savings associations and federal branches of foreign banks close offices in Alabama and Mississippi areas affected by Hurricane Isaias.
BusinessWeatherBankingDisastersFederal GovernmentGeneral Weather Office of the Comptroller of the CurrencyHurricane IsaiasAlabamaMississippinational banksfederal savings associationsbank office closuresOffice of the Comptroller of the Currency (OCC)
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OCC Fines American Express National Bank $350 Million Over Anti-Money Laundering Failures
The OCC issued a cease-and-desist order and a $350 million penalty against American Express National Bank, citing BSA/AML program deficiencies and roughly $13 billion in unreported suspected activity.
BusinessLaw EnforcementPolitics and GovernmentUSABankingLegalFederal GovernmentFinancial Markets Office of the Comptroller of the CurrencyAmerican Express National BankBank Secrecy Actanti-money launderingcivil money penaltyJonathan Gouldtrade-based money launderingOffice of the Comptroller of the Currency (OCC)
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Comptroller Gould Unveils New Fraud Reporting Tool for Community Banks in Minneapolis
Comptroller of the Currency Jonathan V. Gould met Minneapolis community bankers to discuss fraud, announcing a new tool for reporting suspected payments fraud to an OCC taskforce.
BusinessPolitics and GovernmentLaw EnforcementBankingFederal GovernmentEconomyLegalUSA Office of the Comptroller of the CurrencyJonathan V. Gouldfinancial fraudcommunity banksMinneapolis, MinnesotaFinCEN 314(b)Do Not Pay programOffice of the Comptroller of the Currency (OCC)
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OCC Hails 2026 Update to U.S. National Strategy for Financial Literacy
The OCC endorsed the 2026 update to the U.S. National Strategy for Financial Literacy, which sets four priority areas including youth financial capability, saving and investing, digital literacy, and fraud education.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomyEducationSocial Issues Office of the Comptroller of the CurrencyFinancial Literacy and Education CommissionU.S. National Strategy for Financial LiteracyJonathan V. GouldFinancial LiteracyTrump AccountsScams and Fraud EducationOffice of the Comptroller of the Currency (OCC)
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OCC Releases CRA Performance Evaluations for 13 National Banks and Federal Savings Associations
The OCC published Community Reinvestment Act ratings for 13 institutions covering September 2026, with three banks earning Outstanding and the rest rated Satisfactory.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyLegal Community Reinvestment ActOffice of the Comptroller of the CurrencyCRA performance evaluationsnational banksfederal savings associationsbank regulationMidCountry BankOffice of the Comptroller of the Currency (OCC)
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OCC Issues Revised "Concentrations of Credit" Handbook Booklet
OCC releases version 3.0 of its Concentrations of Credit booklet, rescinding the 2020 edition, with new guidance on securitizations, correlations and risk management practices for banks of all sizes.
BusinessBankingFinancial MarketsLegalFederal Government Office of the Comptroller of the CurrencyConcentrations of CreditComptroller's HandbookOCC Bulletin 2020-90bank supervisioncredit risksecuritizationsOffice of the Comptroller of the Currency (OCC)
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OCC: Bank Trading Revenue Jumps 30.6% to $21.6B in Q2 2026
U.S. commercial banks and savings associations posted $21.6 billion in second-quarter 2026 trading revenue, up 32.5% from the prior quarter, as derivative notional amounts rose to $300.5 trillion.
BusinessBankingFinancial MarketsEconomyFederal GovernmentUSA Office of the Comptroller of the Currencybank trading revenuederivativesU.S. commercial bankssavings associationsinterest rate productsQuarterly Report on Bank Trading and Derivatives ActivitiesOffice of the Comptroller of the Currency (OCC)
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OCC Comptroller Gould Votes Against Resolution Plan Feedback for American Express, Calls for Dodd-Frank Reforms
Comptroller of the Currency Jonathan V. Gould voted against joint FDIC and Federal Reserve resolution plan feedback to American Express, saying the process remains unclear and unfair and urging reforms to Section 165(d).
BusinessPolitics and GovernmentUSABankingFederal GovernmentFinancial MarketsLegal Jonathan V. GouldOffice of the Comptroller of the CurrencyAmerican ExpressFederal Deposit Insurance CorporationFederal Reserve BoardDodd-Frank Act Section 165(d)Resolution PlanningOffice of the Comptroller of the Currency (OCC)
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Comptroller Gould Tells Military Banking Summit Regulatory Framework Must Support Military Community
Comptroller of the Currency Jonathan V. Gould told the Military Banking Summit that supervisors must back banks serving servicemembers, veterans and military families, saying a Community Bank Comeback must include them.
BusinessPolitics and GovernmentBankingFederal GovernmentMilitaryEconomy Office of the Comptroller of the CurrencyJonathan V. GouldMilitary Banking Summitmilitary bankscommunity banksbank supervisionveteransOffice of the Comptroller of the Currency (OCC)
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OCC: 97.7% of First-Lien Mortgages Current and Performing in Q2 2026
OCC Mortgage Metrics Report shows 97.7% of first-lien mortgages current and performing in Q2 2026, up from 97.5% in 2025, with foreclosures rising and modifications up 16.5%.
BusinessUSABankingReal EstateFederal GovernmentEconomy Office of the Comptroller of the CurrencyMortgage Metrics Reportfirst-lien mortgagesforeclosuresloan modificationsseriously delinquent mortgagesfederal banking systemOffice of the Comptroller of the Currency (OCC)
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OCC Opens Registration for New In-Person Asset Management Workshops
The OCC is offering new examiner-led Asset Management workshops for bank directors and executives in Denver on October 14 and New York on October 20, covering fiduciary risks and digital assets.
BusinessPolitics and GovernmentUSABankingFinancial MarketsLegalEducation Office of the Comptroller of the CurrencyAsset Managementbank director workshopsnational banksfederal savings associationsfiduciary activitiesdigital assetsOffice of the Comptroller of the Currency (OCC)
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OCC Updates Cybersecurity Supervision Work Program Structure, Keeps Procedures Unchanged
OCC Bulletin 2026-48 updates the Cybersecurity Supervision Work Program structure to align with the NIST Cybersecurity Framework, adds no new procedures, and rescinds Bulletin 2023-22.
BusinessScience & TechnologyLaw EnforcementUSABankingComputers and InternetFederal GovernmentLegal Office of the Comptroller of the CurrencyCybersecurity Supervision Work ProgramNIST Cybersecurity FrameworkFFIECCommunity BanksBank Information TechnologyCybersecurityOffice of the Comptroller of the Currency (OCC)
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OCC Announces September 2026 Enforcement Actions Against Two Former Bankers
OCC releases September 2026 enforcement actions, issuing orders of prohibition against two former bankers for embezzlement and unauthorized debits causing bank losses.
BusinessLaw EnforcementUSABankingLegalFederal Government Office of the Comptroller of the CurrencyEnforcement ActionsOrder of ProhibitionZena MontejanoJorge TroncosoU.S. BankPNC BankOffice of the Comptroller of the Currency (OCC)
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OCC Proposes Tailored Third-Party Risk Management Guidance for Community Banks
The OCC proposed guidance tailoring third-party risk management to actual risk and issued a joint statement clarifying supervision of core service providers, part of its community bank burden-reduction push.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomyLegal Office of the Comptroller of the Currencycommunity banksthird-party risk managementJonathan V. Gouldcore service providersbank supervisionregulatory burdenOffice of the Comptroller of the Currency (OCC)
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OCC, Fed and FDIC Clarify Risk-Based Supervision of Core Providers Serving Community Banks
Three federal banking agencies issue a joint statement clarifying how they will supervise core providers to community banking organizations and when enforcement action may follow.
BusinessPolitics and GovernmentUSABankingFederal GovernmentLegalEconomy Office of the Comptroller of the CurrencyFederal Reserve BoardFederal Deposit Insurance Corporationcommunity banking organizationscore providersrisk-based supervisionthird party risk managementOffice of the Comptroller of the Currency (OCC)
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OCC and Federal Regulators Propose New Third-Party Risk Management Guidance
OCC, with the Federal Reserve, FDIC and NCUA, issues proposed guidance revising third-party risk management rules, aiming to help banking organizations tailor practices to assessed risk levels.
BusinessPolitics and GovernmentUSABankingFederal GovernmentFinancial MarketsLegal Office of the Comptroller of the CurrencyThird-Party Risk ManagementFederal ReserveFederal Deposit Insurance CorporationNational Credit Union AdministrationBanking RegulationOCC Bulletin 2026-46Office of the Comptroller of the Currency (OCC)
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Four Federal Regulators Seek Comment on Proposed Third-Party Risk Management Guidance
FDIC, Federal Reserve, NCUA and OCC request comment on principles-based, non-binding guidance for banks' third-party relationships, plus a statement on community bank core service providers.
BusinessPolitics and GovernmentUSABankingFederal GovernmentFinancial MarketsLegal Office of the Comptroller of the CurrencyFederal Deposit Insurance CorporationFederal Reserve BoardNational Credit Union Administrationthird-party risk managementcommunity bankscore service providersOffice of the Comptroller of the Currency (OCC)
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OCC Raises Asset Threshold to $6 Billion, Extending Exam Cycle for About 50 More Community Banks
The OCC published an interim final rule raising the asset threshold to $6 billion under the 21st Century ROAD to Housing Act, making roughly 50 more institutions eligible for an 18-month exam cycle.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomyLegal Office of the Comptroller of the Currency21st Century ROAD to Housing ActJonathan V. Gouldcommunity banksexamination cyclebank regulationScott BessentOffice of the Comptroller of the Currency (OCC)
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OCC Raises Asset Threshold for 18-Month Bank Examination Cycle to $6 Billion
Interagency interim final rule lets qualifying 1- and 2-rated banks under $6 billion in assets move to an 18-month on-site examination cycle, up from the previous $3 billion threshold.
BusinessPolitics and GovernmentUSABankingFederal GovernmentLegalEconomy Office of the Comptroller of the CurrencyFederal Reserve BoardFederal Deposit Insurance Corporation18-month examination cycle21st Century ROAD to Housing Actcommunity banks12 CFR 4Office of the Comptroller of the Currency (OCC)
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Federal Regulators Expand 18-Month Exam Cycle to More Community Banks
Interagency interim final rule raises the asset threshold from $3 billion to $6 billion, letting more well-managed, well-capitalized community banks qualify for an 18-month on-site exam cycle.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomyLegal Office of the Comptroller of the CurrencyFederal Deposit Insurance CorporationFederal Reserve Boardcommunity banks18-month exam cycle21st Century ROAD to Housing Actinterim final ruleOffice of the Comptroller of the Currency (OCC)
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OCC Opens Registration for Fall 2026 Community Bank Workshops
The OCC is accepting registrations for its fall 2026 in-person workshops for community bank directors and senior management. These final workshops of the year include a new Asset Management session, offering practical training across various U.S. cities.
BusinessPolitics and GovernmentEconomyBankingFinancial MarketsFederal GovernmentEducation Office of the Comptroller of the CurrencyCommunity BanksFinancial ServicesProfessional DevelopmentAsset ManagementRisk ManagementOffice of the Comptroller of the Currency (OCC)
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OCC Opens Registration for Fall 2026 Community Bank Workshops
The OCC is accepting registrations for its fall 2026 in-person workshops for community bank directors and senior management. These workshops, including a new Asset Management session, offer practical training to strengthen community banks.
BusinessPolitics and GovernmentEconomyBankingFederal GovernmentEducationFinancial Markets Office of the Comptroller of the CurrencyCommunity BanksBank DirectorsSenior ManagementWorkshopsAsset ManagementOffice of the Comptroller of the Currency (OCC)
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OCC Releases August 2026 CRA Performance Evaluations for 23 Institutions
The OCC has published Community Reinvestment Act performance evaluations for 23 national banks and federal savings associations for August 2026. Ratings include "Outstanding" and "Satisfactory," reflecting their commitment to community credit needs.
Politics and GovernmentBusinessUSAFederal GovernmentBankingEconomySocial IssuesLegal Office of the Comptroller of the CurrencyCommunity Reinvestment ActFinancial RegulationPerformance EvaluationsNational BanksFederal Savings AssociationsOffice of the Comptroller of the Currency (OCC)
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OCC and FDIC Finalize Rule Clarifying Bank Supervision and Enforcement Standards
The OCC and FDIC have finalized a rule defining 'unsafe or unsound practice' and revising 'Matters Requiring Attention' for banks. This aims to bring clarity to supervision and enforcement, prioritizing material financial risks across the banking sector.
BusinessLaw EnforcementPolitics and GovernmentBankingFederal GovernmentLegalEconomy Office of the Comptroller of the CurrencyFederal Deposit Insurance CorporationBanking RegulationUnsafe or Unsound PracticeMatters Requiring AttentionFinancial RiskEnforcement ActionsOffice of the Comptroller of the Currency (OCC)
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OCC Comptroller Gould Highlights Digital Asset Boom and Stablecoin Regulation
Comptroller Jonathan V. Gould discussed the OCC's role in the digital currency revolution, noting an eightfold increase in digital asset bank charter applications and rapid progress on the GENIUS Act to regulate payment stablecoins.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyBankingFinancial MarketsComputers and Internet Jonathan V. GouldOffice of the Comptroller of the CurrencyDigital AssetsPayment StablecoinsGENIUS ActWyoming Blockchain SymposiumFinancial RegulationOffice of the Comptroller of the Currency (OCC)