News Topic: Joseph Otting

The comptroller of the currency has tiptoed around the issue of discrimination even though he wants to overhaul a key fair-lending law. ... Read full article

There is yet more drama surrounding leadership of the CFPB as President Trump reportedly considers promoting Mick Mulvaney to White House chief of staff. ... Read full article

Readers weigh in on Comptroller of the Currency Joseph Otting's comments about discrimination, opine on President Trump’s pick to head the Consumer Financial Protection Bureau, respond to new anti-money-laundering legislation and more. ... Read full article

Rep. Cedric Richmond, D-La., the CBC's chair, requested with a meeting with the comptroller of the currency to "enlighten" him about discrimination in banking. ... Read full article

In her first speech as chairman, Jelena McWilliams signaled a focus on reviewing old policies, speeding up decisions on new bank applications and helping banks navigate marijuana laws. ... Read full article

The new guidelines are a prelude to a much larger effort by regulators to modernize implementation of the Community Reinvestment Act. ... Read full article

The agency has provided new information about changes large and midsize banks are making in the wake of the Wells Fargo scandal, but Senate Democrats continue to press for more details. ... Read full article

The OCC chief’s bizarre statements in House testimony produced shock waves that reached the Senate Banking Committee Thursday. ... Read full article

Security Group was fined $5 million for abusive collection tactics; the Dutch payments company is now valued at nearly $16 billion. ... Read full article

In his inaugural hearing as comptroller of the currency, Joseph Otting defended his decision not to publicly rebuke banks for Wells Fargo-like problems. ... Read full article

With the question of a federal charter still looming, Treasury's last report on changes to the financial regulatory system will focus on nonbanks and new tech startups. ... Read full article

The agency has no plans to release general findings from an extensive review of sales practices at large and midsized banks. That's troublesome, and will only fuel the perception that it is too cozy with the institutions it regulates. ... Read full article

The agency’s recent bulletin could help banks get back into the small-dollar lending business, keeping needy borrowers out of debt traps. But other regulatory limits remain in focus. ... Read full article

The plan, which the Federal Reserve Board approved Wednesday, would tailor compliance programs for banks based on their trading volume and revise definitions to help banks determine which trades are banned. ... Read full article

Just two months ago, Comptroller Joseph Otting seemed to signal that the OCC might be open to letting national banks rent their charters to payday lenders. Now he is clarifying that it won’t happen. ... Read full article

An OCC initiative to get more banks to make short-term loans that rival those of payday lenders isn't enough of an enticement. ... Read full article

More than a dozen lawmakers wrote to the banking agencies Friday, arguing that any regulatory reforms to the Community Reinvestment Act should focus on expanding access to credit. ... Read full article

The remarks by the comptroller of the currency came as his agency released a new report on emerging risks in the banking industry. ... Read full article