OCC names new executive committee members
The Office of the Comptroller of the Currency today announced three new members of its executive committee, effective Oct. 10.
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OCC allows banks in Alaska, Puerto Rico to close after storms
The Office of the Comptroller of the Currency will allow national banks, federal savings associations and federal branches and agencies of foreign banks to close offices in areas hit by flooding in Alaska and areas in Puerto Rico affected by Hurricane Fiona.
OCC report: Mortgage performance improves in second quarter
The performance of first-lien mortgages in the federal banking system improved during the second quarter of 2022, according to an OCC report issued today.
GAO recommends agencies better prepare for bank exam disruptions
A recent review of how federal regulators handled COVID-caused disruptions to bank examinations has led the Government Accountability Office to make two recommendations for how those same regulators could better prepare for future disruptions.
OCC names Chen chief climate risk officer
The Office of the Comptroller of the Currency today announced the appointment of Yue Chen as chief climate risk officer.
Federal agencies ‘reaffirm’ commitment to Basel III standards
In a joint statement, the Federal Reserve, FDIC and the Office of the Comptroller of the Currency announced today they had “reaffirmed” their commitment to implementing enhanced regulatory capital requirements that align with Basel III standards and will issue a joint proposed rule “as soon as possible.”
Hsu: Community banks voice concerns about climate risk regulation
In remarks today, Acting Comptroller of the Currency Michael Hsu said community banks and their state trade associations have raised concerns about the OCC’s supervisory and regulatory actions related to climate change in “every meeting” he has had with them.
OCC issues bulletin on video conferencing and data privacy
The OCC today issued a bulletin for community banks on the legal requirements for protecting non-public OCC information in video teleconferencing services.
OCC strategic plan calls for promoting community banks
The Office of the Comptroller of the Currency today released a strategic plan for fiscal years 2023-2027 that calls on the agency to diversify its workforce, prioritize safeguarding public trust and enhance the implementation of risk-based supervision.
OCC to lower assessments next year
The Office of the Comptroller of the Currency will lower assessment fees in 2023 as part of an effort to close the pricing differential between state and federal charter assessments.