Brian Brooks

CRA rule done, OCC set to unveil scoring proposal


Acting Comptroller of the Currency Brian Brooks said the agency plans to issue new assessment procedures within weeks as a follow-up to recent Community Reinvestment Act reforms. He also touched on the “true lender” issue and why the agency is considering a narrow-purpose payments charter.


Banks, credit unions pan OCC idea to create charter for payments firms


Seven trade groups said they would fight any effort by the agency to establish a tailored license for payments providers such as PayPal, Stripe and Square.


ABA offers political lifeline on masks, and banks are relieved


Financial institutions want to protect customers and employees from the coronavirus but are caught in the middle of a politically charged public health debate. The stance taken by the industry’s largest trade group gives them cover.


OCC allows banks to hold cryptocurrency assets for safekeeping


Responding to an unnamed bank that had sought the opinion, the regulatory agency issued an interpretive letter clarifying that an institution's custody services can be used for cryptographic keys and other digital currency-related assets.


Rocky road ahead for bank profitability: OCC


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.


Where FDIC, OCC chiefs differ on post-pandemic banking


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.


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


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.


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


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


OCC first regulator to recommit to on-site exams


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


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.