The Office of the Comptroller of the Currency today announced three new members of its executive committee, effective Oct. 10.
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.
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.
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.
The Office of the Comptroller of the Currency today announced the appointment of Yue Chen as chief climate risk officer.
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.”
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.
The OCC today issued a bulletin for community banks on the legal requirements for protecting non-public OCC information in video teleconferencing services.
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.