OCC

Two cryptocurrency firms seek OCC approval to charter trust banks

12/10/20

BitPay and Paxos are only the latest digital currency companies to pursue a national charter from the Office of the Comptroller of the Currency.

[more]

OCC announces effort to support minority-owned banks

12/03/20

The initiative is the latest offshoot of Project REACh, which was developed by the OCC over the summer to bring together bankers, community leaders and civil rights organizers in an attempt to expand access to credit.

[more]

Trade group seeks underlying data behind OCC's 'fair access' proposal

12/01/20

The Bank Policy Institute submitted a Freedom of Information Act request to the Office of the Comptroller of the Currency requesting the agency's analysis used in crafting the plan.

[more]

OCC announces 3% cut to assessments in 2021

12/01/20

The reduction marks the third time in three years the agency has cut annual fees for national banks.

[more]

Regulators warn banks against using Libor in new contracts

11/30/20

The OCC, Federal Reserve and FDIC said that a failure to adequately prepare for the transition away from Libor could undermine banks' safety and soundness, but also extended the sunset date for many iterations of the interest rate benchmark to July 2023.

[more]

Banks push back on OCC’s bid to ban lending bias

11/25/20

The industry is asking for more time to comment on a regulatory proposal that aims to prohibit banks from denying services to oil and gas companies and other firms in politically sensitive industries.

[more]

OCC enters new phase of CRA reform with scoring proposal

11/24/20

The plan still lacks concrete details about standards banks must meet to earn high ratings, but the agency said the new methodology would end grade inflation and could penalize banks that underperform.

[more]

JPMorgan fined $250 million for problems in advisory business

11/24/20

The Office of the Comptroller of the Currency says JPMorgan Chase’s fiduciary unit lacked sufficient controls to manage risk and avoid conflicts of interest.

[more]

Oportun is latest nonbank lender to seek a bank charter

11/23/20

The California company, which filed an application Monday with the Office of the Comptroller of the Currency, is following a path charted by Varo Money and SoFi.

[more]

OCC clarifies swap policies, makes other technical updates

11/23/20

The agency said federal thrifts must abide by the same rules as national banks pertaining to membership in payment systems and codified policies on acceptable derivatives practices among a slew of technical changes.

[more]