Wells Fargo will pay CFPB and OCC a billion dollars in fines for overcharging car insurance and mortgage loan consumers. Here’s what lawmakers from both sides are saying.
Read More »Federal Agencies Encourage Community Reinvestment in Puerto Rico
The economic concerns following the destruction of Hurricane Maria stretch further than the islands. As some states are faced with an influx of refugees putting a strain on their housing market, the federal agencies step in to address the issues at hand.
Read More »OCC Allows Banks and Associations Affected by Wildfires to Close
On Thursday, the Office of the Comptroller of the Currency (OCC) issued a proclamation allowing national banks and federal savings associations affected by the California wildfires to close. Toney M. Bland, Senior Deputy Comptroller, Midsize and Community Bank Supervision issued ...
Read More »Joseph Otting Sworn in as Comptroller of the Currency
Otting steps into a role vacated in May 2017 by former Comptroller Thomas J. Curry.
Read More »Industry Reacts to OCC’s Community Reinvestment Act Revised Policies
It’s been a week since the OCC outlined its policies on downgrading a bank due to discriminatory or illegal credit practices. See what response the regulator has generated.
Read More »Acting Comptroller of the Currency Addresses Amendments to HMDA
The Office of the Comptroller of the Currency (OCC) issued a bulletin on Tuesday to publicize key fields—which examiners will use to validate the accuracy and reliability of home mortgage loan data collected. These key fields, which are intended for ...
Read More »Bettering the Future of Online Lending
The second annual Online Lending Policy Summit commenced on Monday as Acting Comptroller of the Currency Keith A. Noreika spoke to the audience about current policy challenges, opportunities for growth, and what the OCC is doing to better online lending.
Read More »The Week Ahead: Senate Committee Vote on Comptroller of the Currency
Next Thursday, September 7, the Senate Banking Committee on Banking, Housing, and Urban Affairs will convene to hold an executive session to vote on the nominations of Joseph Otting to be Comptroller of the Currency, and the Honorable Randal Quarles to be member of the Board of Governors of the Federal Reserve and Vice Chairman for the supervision of the board of governors.
Read More »Putting Communities First
The Office of the Comptroller of the Currency released its schedule for Community Reinvestment Act evaluations at national banks and federal savings associations. The evaluation will determine how well banks are performing in local communities.
Read More »OCC: Servicer Report Card
The Office of the Comptroller of the Currency released its first quarterly Mortgage Metric Report for 2017, detailing servicing data for seven major national banks. See how they fared compared to last quarter.
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