Search for: "Office of the Comptroller of the Currency"
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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]
31 Aug 2017, 12:59 pm
On August 26, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), and Conference of State Bank Supervisors (CSBS) issued a joint press release urging financial institutions in disaster areas to “work constructively with borrowers in communities affected by Hurricane Harvey. [read post]
9 Jun 2015, 6:13 am
On Thursday, May 21, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) issued a notice of proposed rulemaking (the “Proposal”) that would amend the final rule implementing a liquidity coverage ratio (“LCR”) requirement (the “Final LCR Rule”), [1] jointly adopted last September by the Federal Reserve, the Office of the Comptroller of the Currency (“OCC”), and the Federal Deposit Insurance… [read post]
9 Dec 2021, 11:21 am
We discuss the new notification requirements that the final rule places on both U.S. banking organizations and bank service providers relating to ransomware and similar computer security incidents, including the mandated timing for providing notice, and how the final rule differs from the agencies’ proposal. [read post]
10 Jun 2021, 6:42 am
Mr. [read post]
31 May 2023, 1:44 pm
Senate Bill 2334, and House Bill 4903 propose to: (1) Establish a new gold and silver based digital currency through the office of the Texas Comptroller of Public Accounts; (2) Back each unit of issued digital currency with a corresponding fraction of a troy ounce of gold or silver held in trust; (3) Allow for individual accounts to be created at the Texas Bullion Depository that could be used to conduct transactions. [read post]
22 Apr 2021, 2:23 pm
A couple of months ago Carter Dougherty published an op-ed calling for the abolition of the Office of the Comptroller of the Currency. [read post]
4 May 2021, 11:01 am
The Office of the Comptroller of the Currency has filed a motion to dismiss the lawsuit filed by the Conference of State Bank Supervisors (CSBS) in D.C. federal district court seeking to block the OCC from granting a national bank charter to Figure Technologies Inc. [read post]
14 Dec 2021, 11:37 am
In November, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board of Governors (“Board”) jointly issued a final rule that requires a federally regulated bank to notify its primary federal regulator within 36 hours after determining that a computer-security “notification incident” has occurred. [read post]
23 Nov 2021, 12:00 am
On November 18, 2021, the US federal banking regulators Office of the Comptroller of the Currency, Federal Reserve Board and Federal Deposit Insurance Corporation jointly announced a final rule that will require banking organizations (which includes the U.S. operations of foreign banking organizations) to notify their regulators as soon as possible but no later than 36 hours of identifying a significant “computer-security incident” that results… [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]
30 Nov 2012, 8:24 am
Prior to joining Reed Smith, Travis was an Enforcement Counsel with the Office of the Comptroller of the Currency, U.S. [read post]
21 Jul 2014, 6:50 am
The defendant claims that the court improperly denied the first motion to open because it reached its decision before hearing the parties' oral argument in violation of her right to due process, and because it refused to hear her claim, raised for the first time at oral argument, that the plaintiff had filed a fraudulent affidavit of debt as evidenced by a consent order between the plaintiff and the Office of the Comptroller of the Currency of the United States… [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]
7 Aug 2022, 9:01 pm
The core elements of the Basel Principles align closely with proposed principles from the OCC and FDIC The Basel Principles1 align closely with the climate-related risk management principles proposed by the Office of the Comptroller of the Currency (the “OCC Proposal”)2 and the Federal Deposit Insurance Company (the “FDIC Proposal”).3 The Basel Principles are part of the Basel Committee on Banking Supervision’s (the BCBS or… [read post]
22 Jun 2022, 1:15 pm
As we previously reported, the Office of the Comptroller of the Currency (“OCC”) rescinded its 2020 Community Reinvestment Act (“CRA”) final rule (the “2020 CRA Final Rule” or the “Rescinded Rule”) in December 2021 and has since been operating under a CRA framework largely based on the OCC’s 1995 CRA rule (the “1995 Rule”), which was adopted jointly with the Federal Reserve and the FDIC. [read post]
17 Nov 2018, 7:35 am
Otting (Office of the Comptroller of the Currency) authored by Congressman Meeks and joined by his New Democrat Coalition colleagues who serve on the House Committee on Financial Services. [read post]
17 Dec 2018, 8:18 am
OCC Fintech Charter On July 31, 2018, after several years of discussion, the Office of the Comptroller of the Currency (OCC) announced that it is accepting applications for special purpose national bank charters for fintech companies. [read post]
25 Jan 2012, 11:30 am
I am joined here today by Jonathan Rosenberg, Executive Director for Budget at the New York City Comptroller's Office. [read post]
1 Jun 2012, 2:53 pm
The Office of the Comptroller of the Currency, the Internal Revenue Service, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, and Office of the Inspector General provided assistance and cooperation with the investigation as part of their participation in the Residential Mortgage-Backed Securities Working Group. [read post]
