OCC

Comptroller of the Currency Thomas J. Curry pointed out “an extraordinary” thing during a May 16 speech to the Exchequer Club here in DC. “No issues loom larger today than operational risk in all its dimensions, the manner in which all risks

New Comptroller of the Currency — Thomas J. Curry was sworn in as the 30th Comptroller on April 9 — used his first speech as head of the OCC to stress the vital link between small businesses and small banks. Curry said that both he and the OCC

The Office of the Comptroller of the Currency is requesting comment on a proposal that would revise the requirements imposed on banks pursuant to the short-term investment fund (STIF) rule at 12 CFR 9.18(b)(4)(ii)(B). A STIF is a type of collectiv

The Office of the Comptroller of the Currency (OCC) has issued a cease and desist order against Citibank, N.A., Sioux Falls, South Dakota, for violating the Bank Secrecy Act (BSA) and its implementing regulations. The order requires the bank to ta

The Office of the Comptroller of the Currency reported March 28 that the performance of first-lien mortgages serviced by large national and federal savings banks changed very little during the fourth quarter of 2011 and showed improvement from the

On February 27 the Office of the Comptroller of the Currency (OCC) issued a bulletin (OCC 2012-8) providing guidance that extends the time period for consideration of Community Reinvestment Act (CRA) activities that support the revitalization and

Members of Congress thought the Dodd-Frank Act had resolved the controversy over preemption — the legal doctrine whereby the Office of the Comptroller of the Currency (OCC) can declare which state consumer laws national banks do not need to obey

The Office of the Comptroller of the Currency (OCC) issued guidance to national banks on prepaid access programs.

The OCC noted in its recent bulletin (OCC 2011-27) that repaid access products are the fastest growing area in the payments s

The Office of the Comptroller of the Currency (OCC) issued a bulletin (OCC 2011-29) to clarify the agency’s expectations for the oversight and management of mortgage foreclosure activities by national banks of all sizes and their subsidiaries.

The U.S. Court of Appeals for the 11th Circuit provided an early, and very limited, look at preemption in the post-Dodd-Frank era in a May 11 court ruling. Baptista v. JP Morgan Chase Bank, No. 6:10-cv-139.

The Office of the Comptroller of the Currency (OCC) recently alerted bank CEOs, Technology Service Providers (TSPs), and examining personnel of the need for national banks and their TSPs to ensure their enterprise risk management is sufficiently r

Banks must be careful when implementing any asset-swap plan intended to get nonperforming loans off their books.

In a recent bulletin (OCC 2011-10), the regulator noted that weak economic conditions have led to an increase in nonperforming

Banks challenging the Federal Reserve Board’s proposed limits on debit card interchange fees have won two unusual allies. Both the Office of the Comptroller of the Currency (OCC) and the Consumer Federation of America (CFA) have written comment

Just as the income tax season approaches, the Office of the Comptroller of the Currency (OCC) has forced a national bank to cease making refund-anticipation loans (RALs) in conjunction with tax-preparation giant H&R Block. The latter firm anno

The Office of the Comptroller of the Currency (OCC) entered into a settlement agreement, on April 19, with T Bank, N. A., Dallas, Texas, directing the bank to make $5.1 million in restitution to over 60,000 consumers adversely affected by its rela

Dugan sees three standards as necessary for mortgage lending in the U.S. — and around the world, for that mater.

The OCC issued Bulletin 2009-27 to alert bank CEOs and compliance officers to revisions in its “Other Consumer Protection Laws and Regulations” booklet.

The 4-1 vote by the Board of Directors of the FDIC on May 22 to adopt a final rule establishing a special assessment may have brought sighs of relief from the banking industry but it sparked an unusual dissent from Comptroller of Currency John Dugan.

The OCC’s latest Community Development Insights publication describes how banks are working to dispose of foreclosed properties.

The nixed a plan to allow big credit card banks would to forgive a portion of the principle owed without taking an immediate write-down.