Brian Brooks

Rocky road ahead for bank profitability: OCC

06/29/20

With multiple business sectors reeling from the pandemic, banks are facing tighter net interest margins, provisioning more for losses and seeing their balance sheets expand, the agency said in a report.

[more]

Where FDIC, OCC chiefs differ on post-pandemic banking

06/26/20

While they are not dramatically opposed, Jelena McWilliams and Brian Brooks have articulated their own ideas on postal banking and the use of artificial intelligence in lending.

[more]

Is it safe for bank examiners to return to the field?

06/15/20

The acting comptroller of the currency signaled that his agency is planning to resume on-site supervision despite health risks tied to the pandemic. But some bankers and former examiners urged caution, saying remote monitoring has its advantages.

[more]

Fed to resume bank supervision, but exams will remain off-site

06/15/20

The central bank is bringing back examinations but said it will continue to conduct monitoring remotely "until conditions improve."

[more]

OCC first regulator to recommit to on-site exams

06/11/20

After three months of supervising national banks remotely, examiners will soon resume visiting them in person and working in regional offices, says acting Comptroller of the Currency Brian Brooks.

[more]

‘More credit to more people’: OCC’s Brooks on tackling inequality

06/08/20

The acting comptroller of the currency weighs in on social unrest, the reformed Community Reinvestment Act, fintech charters and how he believes technology can make finance more inclusive.

[more]

‘Banks are the infrastructure’: OCC leader on pandemic, recovery, CRA

06/07/20

Acting Comptroller of the Currency Brian Brooks says financial institutions are needed more than ever to “sustain existing businesses” and help entrepreneurs rebuild. Meanwhile, reforming the Community Reinvestment Act, he says, can “unblock opportunities” in minority neighborhoods.

[more]

Waters criticizes OCC chief's comments on stay-at-home orders

06/05/20

Acting Comptroller of the Currency Brian Brooks had suggested states and municipalities should end "indefinite shutdowns" meant to combat the spread of the coronavirus. The Democratic lawmaker said he was going against the public health recommendations.

[more]

OCC weighing major changes to its technology framework

06/04/20

The agency sought industry feedback on a host of potential changes to ensure that rules are “sufficiently flexible and clear in light of the technological advances that have transformed the financial industry over the past two decades."

[more]

Acting comptroller warns on masks; stimulus debit cards cause confusion

06/02/20

Brian Brooks says coronavirus mandates, such as masks, could potentially harm banks; some recipients of the Treasury prepaid cards don’t believe they are for real.

[more]