The Office of the Comptroller of the Currency released a draft supplement on Wednesday which adds additional info to the existing Licensing Manual.
Read More »OCC Head Stresses Collaboration in Maintaining Sound International Banking
If another banking crisis arises, as in 2008, OCC Head Thomas Curry says that banking practices used now will help to soften the blow and restore stability in the banking industry.
Read More »Credit Unions Support OCC’s FinTech Proposal, Sort Of
The National Association of Federally-Insured Credit Unions is behind the Office of the Comptroller of the Currency's recently proposed initiative to allow FinTechs to operate as banks, but it also believes these companies should be held to the same standards and regulations as other financial institutions.
Read More »Regulator Releases HSBC from Consent Order
Improvements made by HSBC to its servicing operations over the last few years have led the Office of the Comptroller of the Currency to terminate the consent order against the bank originally issued in 2011.
Read More »Banks’ Credit Exposure is Much Less Risky These Days
Net current credit exposure for banks peaked at the start of the financial crisis, but in the last eight years has dropped from $804 billion down to $481 billion.
Read More »The Ever-Growing World of Performing Mortgages
The latest Mortgage Metrics Report from the Office of the Comptroller of the Currency found substantial improvement in first-lien mortgage performance.
Read More »First-Lien Mortgages Get an A+
The OCC reports improvement across the board for recent mortgage metrics, but what have servicers done to make this possible?
Read More »OCC Says Banking System is in a Position of Strength
OCC states that in the eight years since the crisis, the banking system has progressed to the point where it would be a mistake to change course.
Read More »Agencies Take a Hard Look at Banking Activities
The Federal Reserve Board, the FDIC and OCC released a report to the Congress and the FSOC on the activities and investments that banking entities may engage in.
Read More »OCC Hires New Deputy Chief Financial Officer
The Office of the Comptroller of the Currency (OCC) has appointed Peggy Sherry as Deputy Chief Financial Officer, according to a recent announcement from the OCC.
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