Office of the Comptroller of the Currency

OCC Head: ‘Tried-and-True Scams’ Remain Common in Financial Fraud

OCC Head: ‘Tried-and-True Scams’ Remain Common in Financial Fraud
OCC Head: ‘Tried-and-True Scams’ Remain Common in Financial Fraud
July 10, 2024  |  Cybersecurity

Banks can help combat fraud targeting consumers by verifying the accuracy of transactions, educating the public, and maintaining strong controls and fraud monitoring capabilities, Acting...

READ MORE >
VersaBank Seeks Canada’s Permission for Stearns Bank Acquisition After US Approval
VersaBank Seeks Canada’s Permission for Stearns Bank Acquisition After US Approval
June 14, 2024  |  Partnerships

VersaBank needs only one more regulatory approval to proceed with its acquisition of Stearns Bank Holdingford. Get the Full Story Complete the form to unlock this...

READ MORE >
Ahead of Hill Hearing, Regulators Say Banks ‘Resilient’ but Risks Remain
Ahead of Hill Hearing, Regulators Say Banks ‘Resilient’ but Risks Remain
May 14, 2024  |  Banking

Testimony from some of the top regulators in the country ahead of a Wednesday (May 15) Capitol Hill hearing on bank oversight took note of...

READ MORE >
Banking Regulators’ Guide to Third-Party Risk Management Spotlights Community Banks’ Vulnerabilities
Banking Regulators’ Guide to Third-Party Risk Management Spotlights Community Banks’ Vulnerabilities
May 06, 2024  |  Bank Regulation

The rise of open banking and FinTechs is changing the fabric of financial services. Get the Full Story Complete the form to unlock this article...

READ MORE >
Wells Fargo Sees Brighter Days for US Consumer Spending
Wells Fargo Sees Brighter Days for US Consumer Spending
April 12, 2024  |  Earnings

The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. Get the Full...

READ MORE >
Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices
Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices
April 11, 2024  |  Cybersecurity

Morgan Stanley is reportedly facing investigations by several agencies into how its wealth management division vets and monitors clients who may pose money-laundering risks. Get the...

READ MORE >
Investigation Into Morgan Stanley’s Wealth Arm Underscores Scrutiny of AML and Onboarding Efforts 
Investigation Into Morgan Stanley’s Wealth Arm Underscores Scrutiny of AML and Onboarding Efforts 
April 11, 2024  |  Cybersecurity

Anti-money laundering (AML) defenses might begin at the point of onboarding. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

READ MORE >
OCC’s Hsu Encourages FIs to Help Immigrants Gain Access to Credit   
OCC’s Hsu Encourages FIs to Help Immigrants Gain Access to Credit   
April 11, 2024  |  Financial Inclusion

This week, Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC) called on U.S. financial institutions (FIs) to take...

READ MORE >