Search for: "Office of the Comptroller of the Currency Compliance Management"
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24 Aug 2022, 9:01 pm
On December 16, 2021, the Office of the Comptroller of the Currency (“OCC”) announced draft principles “designed to support the identification and management of climate-related financial risks with more than $100 billion in total consolidated assets,”[19] and the OCC requested feedback from market participants on all aspects of the draft principles to inform future guidance on climate-related financial risk. [read post]
1 Aug 2022, 9:38 am
Similar financial technology offices have been established by other financial regulators, including the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Consumer Financial Protection Bureau. [read post]
12 Jul 2022, 11:14 am
On July 6, the Financial Crimes Enforcement Network (“FinCEN”), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, “the Agencies”) issued a Joint Statement to “remind” banks that they, of course, should apply a risk-based approach to assessing customer relationships and… [read post]
5 Jul 2022, 9:37 am
In response to a request from three Democratic House members, the GAO recently issued a report on its review of fair lending oversight conducted by the Office of the Comptroller of the Currency. [read post]
30 Jun 2022, 11:27 am
On June 23, 2022, the Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective (SRP) for spring 2022. [read post]
17 May 2022, 8:02 am
Office of the Comptroller of the Currency On April 1, 2022, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Federal Reserve Board implemented a rule requiring banking organizations to notify their primary federal regulator after an incident affecting or disrupting bank operations is discovered “as soon as possible and no later than 36 hours. [read post]
10 May 2022, 1:32 pm
” That same day, the Office of the Comptroller of the Currency (OCC) announced a $60 million civil money penalty against USAA based on the same AML violations. [read post]
28 Apr 2022, 5:04 pm
Compliance date: May 1, 2022. [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]
21 Apr 2022, 9:01 pm
In the banking sector, the Office of the Comptroller of the Currency (OCC)[8] and the Federal Deposit Insurance Corporation (FDIC)[9] have released substantially the same proposed principles for climate-related financial risk management, which are designed to provide large banking institutions (those with over $100 billion in total consolidated assets) subject to their respective regulation with a high-level framework for managing climate-related… [read post]
4 Apr 2022, 9:01 pm
It further demonstrates the Commission’s willingness to work with crypto platforms to determine how they can come into compliance with those laws. [read post]
9 Mar 2022, 9:03 am
Monetary authorities globally are also exploring, and in some cases introducing, central bank digital currencies (CBDCs). [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]
3 Nov 2021, 7:05 am
For example, in October 2020, the Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1172. [read post]
13 Aug 2021, 8:15 am
Treasury, Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). [read post]
13 Aug 2021, 8:15 am
Treasury, Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). [read post]
9 Jul 2021, 10:11 am
Swedish Watchdog to Investigate Klarna for Bank Secrecy BreachReuters – July 5, 2021 State regulators and the Office of the Comptroller of the Currency have agreed to a temporary truce in their court battle over a controversial charter application, but analysts caution that the underlying conflict over fintechs’ pursuit of banking powers is far from resolved. [read post]
22 Apr 2021, 8:58 am
” Most of the gathered panelists criticized Brooks’ work to issue bank charters to fintech companies during his time as head of the Office of the Comptroller of the Currency (OCC). [read post]
18 Feb 2021, 9:15 am
The company also said it began responding to a regulatory review led by the Office of the Comptroller of Currency (OCC) and Department of Justice (DOJ) in May over “historical sales practices relating to certain small business card sales. [read post]
21 Jan 2021, 9:06 am
As noted in this space earlier in the month, the Office of the Comptroller of the Currency (OCC) said that banks can utilize stablecoins in transactions, among other banking activities. [read post]
