WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system before the Committee on Financial Services of the U.S. House of Representatives. In his testimony, he discussed the importance of safeguarding trust in banking and the OCC’s work to promote and support a diverse and dynamic banking system. Mr. Hsu […]
Category Archives: Office of the Comptroller of the Currency
OCC Announces Two New Deputy Comptrollers for Large Bank Supervision
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the promotions of Robert Barnes and Kevin Greenfield as Deputy Comptrollers for Large Bank Supervision (LBS). “Robert and Kevin have each had distinguished careers at the OCC and are recognized throughout the agency for their diverse experience, considerable expertise, and strong leadership,” said Senior […]
OCC Designates Three Senior National Bank Examiners
Related posts: Agencies Announce Two Actions to Support Lending to Households and Businesses Senior Deputy Comptroller for Large Bank Supervision Testifies on Climate-Related Financial Risks OCC Issues Fourth Quarter 2023 and First Quarter 2024 CRA Evaluation Schedule OCC Reports Mortgage Performance for Second Quarter of 2023
Acting Comptroller Discusses Frameworks to Identify Systemic Risk
Related posts: Acting Comptroller Discusses the Evolution of Bank Supervision Federal Banking Agencies Host the 2020 National Interagency Community Reinvestment Conference Acting Comptroller Discusses Bank Mergers Deputy Comptroller Testifies on Artificial Intelligence
OCC Finalizes Revisions to Its Recovery Planning Guidelines
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today finalized revisions to its recovery planning guidelines for certain large insured national banks, federal savings associations, and federal branches (banks). The revisions to the recovery planning guidelines are part of the OCC’s effort to ensure that large banks are adequately prepared for and have developed […]
OCC Appoints Receiver for The First National Bank of Lindsay, Lindsay, Oklahoma
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for The First National Bank of Lindsay, in Lindsay, Oklahoma. As of June 30, 2024, the bank reported approximately $108 million of total assets. The OCC acted after identifying false and deceptive bank records and other […]
OCC Announces Enforcement Actions for October 2024
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the […]
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Milton
The Federal Deposit Insurance Corporation, the Federal Reserve Board, the Florida Office of Financial Regulation, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, recognize the serious impact of Hurricane Milton on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to […]
OCC Issues Cease and Desist Order, Assesses $450 Million Civil Money Penalty, and Imposes Growth Restriction Upon TD Bank, N.A. for BSA/AML Deficiencies
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a cease and desist order and a $450 million civil money penalty against TD Bank, N.A. and TD Bank USA, N.A. (bank), for deficiencies in the bank’s Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance program. Today’s action also imposes a restriction on […]
OCC Solicits Research on Artificial Intelligence in Banking and Finance
WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on the use of artificial intelligence in banking and finance for submission by December 15, 2024. The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters in Washington, D.C., […]