Search for: "Office of the Comptroller of the Currency Compliance Management"
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17 Dec 2013, 5:20 pm
“The Office of the Comptroller of the Currency (OCC), in collaboration with the other members of the Federal Financial Institutions Examination Council (FFIEC), today published in the Federal Register final supervisory guidance titled Social Media: Consumer Compliance Risk Management Guidance. [read post]
31 Oct 2013, 10:42 am
On October 30, 2013, the Office of the Comptroller of the Currency "OCC" issued a bulletin on "Risk Management Guidance" which will have wide ranging implications for all vendors of national banks and federal savings associations. [read post]
10 Nov 2023, 9:02 am
On November 1, 2023, the Office of the Comptroller of the Currency (“OCC”) became the latest agency to join in the campaign by issuing its TCPA-related revised examination procedures (“Revised Procedures”). [read post]
30 Oct 2017, 5:19 am
On October 20, 2017, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2017-43 (the “Bulletin”) outlining principles that OCC-supervised banks should follow to prudently manage the risks associated with offering new, modified, or expanded products and services. [read post]
31 Jul 2020, 12:48 pm
The Office of the Comptroller of the Currency (“OCC”) recently signaled its approval for banks to fully wade into the cryptocurrency custodian space. [read post]
14 Mar 2016, 6:44 am
The Office of the Comptroller of the Currency (“OCC”), the primary federal regulator for most large banks, recently issued a new policy on agency enforcement actions seeking civil money penalties (“CMPs”) against institutions and individuals. [read post]
10 Jan 2012, 7:38 am
WASHINGTON — The Office of the Comptroller of the Currency recently announced its 2012 schedule of workshops to be held around the country for directors of nationally chartered community banks and federal savings associations. [read post]
15 Jul 2011, 8:03 am
The Office of the Comptroller of the Currency recently issued a memo to banks to require self-assessments of foreclosure management practices to make sure they conform with the U.S. [read post]
20 Dec 2021, 8:53 am
On December 16, 2021, the Office of the Comptroller of the Currency (“OCC”) released draft principles for climate-related financial risk management for large banks. [read post]
17 Apr 2017, 8:27 am
Last week the Office of the Comptroller of the Currency published a “Retail Lending” booklet, a new addition to the Safety and Soundness Asset Quality category of the Comptroller’s Handbook, which discusses the risks associated with retail lending and provides a framework for OCC examiners to evaluate retail credit risk management activities. [read post]
19 Dec 2016, 2:48 pm
On December 12, 2016, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) finalized rules that generally allow well-capitalized and well-managed banks and savings associations with less than $1 billion in total assets to benefit from an 18-month examination cycle rather than a 12-month cycle. [read post]
9 Oct 2018, 10:00 am
On October 3, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency and the U.S. [read post]
8 Jun 2017, 7:52 am
The Office of the Comptroller of the Currency has issued a new bulletin (2017-21) containing fourteen frequently asked questions to supplement OCC Bulletin 2013-29 entitled “Third-Party Relationships: Risk Management Guidance. [read post]
16 Jul 2021, 11:37 am
On July 13, 2021, federal bank regulators – the Board of Governors of the Federal Reserve System (the “Board”), the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) (collectively, the “Regulators”) – requested public comment on proposed joint guidance regarding banking organizations’ management of risks related to relationships with third-party… [read post]
25 Apr 2022, 7:52 am
The Office of the Comptroller of the Currency entered into a Consent Order with Anchorage Digital Bank (“Anchorage”), which requires Anchorage to create a compliance committee and take steps to remediate alleged shortcomings with respect to the implementation and effectiveness of Anchorage’s Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”) program. [read post]
28 Apr 2011, 6:15 am
The Department of Treasury Comptroller of Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision and the Federal Housing Finance Agency have entered into a consent order with MERS, wherein MERS is being forced to correct the errors that have plagued foreclosure processes nationwide. [read post]
27 Jun 2023, 8:27 am
As reported in a Hunton Client Alert last week, on June 6, 2023, the Federal Deposit Insurance Corporation (“FDIC”), the Board of Governors of the Federal Reserve System (“FRB”) and the Office of the Comptroller of the Currency (“OCC”) (collectively, the “Agencies”) issued final guidance on managing risks associated with third-party relationships, including relationships with fintechs (the “Final… [read post]
25 Nov 2020, 11:30 am
JPMorgan Chase will pay a $250 million fine for purported poor risk management practices and alleged conflicts of interest According to the Office of the Comptroller of Currency (OCC) this week, JPMorgan Chase will pay a $250 million fine for purported poor risk management practices and alleged conflicts of interest in its advisory business. [read post]
14 Sep 2014, 6:00 am
On September 2, 2014, the Office of the Comptroller of the Currency (“OCC”) finalized its risk governance framework for large banks and thrifts (“Guidelines”) that was proposed in January 2014. [1] The Guidelines formalize the heightened risk management standards that the OCC has been communicating through the supervisory process for several years, but do so somewhat more flexibly than the January proposal (“proposal”) did. [read post]
23 Jul 2020, 9:09 am
On July 22, 2020, the Office of the Comptroller of the Currency (OCC) published an interpretive letter clarifying the authority of national banks to provide cryptocurrency custody services for customers. [read post]
