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The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and federal thrift institutions and the federally licensed branches and agencies of foreign banks in the United States. [2]
Advisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, if deposit insurance could be absorbed into the Treasury Department ...
In July 2023, the Fed, the Office of Comptroller of the Currency, and the Federal Deposit Insurance Corporation published for comment proposed changes to bank capital rules.
Brian P. Brooks (born 1969) is an American lawyer, banker, entrepreneur, [1] technologist, and former government official. He served as Acting Comptroller of the Currency from May 29, 2020, succeeding the 31st Comptroller of the Currency Joseph Otting, [2] until January 14, 2021. [3]
Secretary of the Treasury Janet Yellen designated Hsu as First Deputy Comptroller on May 10, 2021, making him the Acting Comptroller of the Currency. [1] On November 23, 2021, he announced that banks would not be allowed to provide certain cryptocurrency services unless they met several regulations.
The Office of the Comptroller of the Currency (OCC) has issued guidance to national banks and federal savings associations on “buy now, pay later” lending to ensure that lenders offer fair ...
The National Bank Surveillance System [1] is a computerized, off-site monitoring system [2] [3] developed by the U.S. Office of the Comptroller of the Currency (OCC) "to assist in the early detection of problem banks and bank management," for the purpose of initiating early corrective action. [4]
The US Financial Crimes Enforcement Network (FinCEN) now receives over 1,500 Suspicious Activity Reports, which concern cryptocurrencies like Bitcoin, every month. The statistics were presented by ...