Tag Archives: OCC

Grovetta Gardineer is the successor to Comptroller of the Currency Thomas J. Curry, who had been the chairman of the board since March 2014.

According to the OCC, the majority of mortgage modifications performed by the seven largest banks include multiple actions focused not just on affordability but on sustainability of the loan.

High performance of first-lien mortgages and declining foreclosure activity spelled a healthy servicing market for the first quarter of 2016, according to the OCC.

The Fed, OCC, and FDIC have released their 2016 list of nonmetropolitan middle-income areas deemed distressed or underserved and where revitalization or stabilization activities are eligible to receive Community Reinvestment Act consideration.

The OCC wants banks and financial technology firms to work together on responsible innovation for the financial industry as opposed to just plain innovation.

The OCC terminated the servicing-related consent order against Wells Fargo, but at the same time issued a civil penalty to the bank.

Stress tests have come under some scrutiny lately as to whether or not they are providing any new, relevant information seven years after the Federal Reserve disclosed the results of the first stress tests. To the OCC, however, stress tests are still relevant.

Here are the key objectives and priorities that banks need to focus on for the remainder of t2016, according to the OCC.

For a couple of months, the financial industry has been talking about the possibility of a national bank charter for non-bank financial technology companies, or fintechs. What would this mean for the industry?

The Office of the Comptroller of the Currency has had a clear message as of late: Technology is not always helpful.