Office of the Comptroller of the Currency

OCC Closes Sales Practices Consent Order Against Wells Fargo

OCC Closes Sales Practices Consent Order Against Wells Fargo
OCC Closes Sales Practices Consent Order Against Wells Fargo
February 15, 2024  |  Legal & Regulation

The Office of the Comptroller of the Currency terminated a 2016 consent order against Wells Fargo. Get the Full Story Complete the form to unlock...

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Regulators Worry as Banks’ Debt to Shadow Lenders Tops $1 Trillion
Regulators Worry as Banks’ Debt to Shadow Lenders Tops $1 Trillion
February 11, 2024  |  Banking

American lenders have loaned so-called “shadow banks” more than $1 trillion, and regulators are worried. Get the Full Story Complete the form to unlock this...

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LendingClub Completes Standard Operating Agreement for New Bank
LendingClub Completes Standard Operating Agreement for New Bank
February 02, 2024  |  Banking

LendingClub exited the standard operating agreement for a new bank with the Office of the Comptroller of the Currency, having met all the requirements noted...

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OCC Calls for More Transparency Into Bank Mergers
OCC Calls for More Transparency Into Bank Mergers
January 29, 2024  |  Bank Regulation

A top U.S. financial regulator wants more transparency into bank mergers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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OCC Says Use of AI in Banking Is Emerging Risk 
OCC Says Use of AI in Banking Is Emerging Risk 
December 07, 2023  |  Bank Regulation

The federal banking system remains sound but faces credit, market, operational and compliance risks, according to the Office of the Comptroller of the Currency (OCC).  Get the...

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OCC Says Banks Must Take ‘Safe and Sound’ Approach to BNPL
OCC Says Banks Must Take ‘Safe and Sound’ Approach to BNPL
December 06, 2023  |  BNPL

The Office of the Comptroller of the Currency (OCC) has issued a guidance to national banks and federal savings associations addressing buy now, pay later (BNPL) lending. Get the...

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FDIC Wants Regional Banks to Issue $70 Billion in Fresh Debt
FDIC Wants Regional Banks to Issue $70 Billion in Fresh Debt
August 29, 2023  |  Debt

In the spring, two formerly obscure acronyms, SVB and FDIC, became household names. Get the Full Story Complete the form to unlock this article and...

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OCC Says Banks Should Consider Lower-Cost Alternatives for Covering Overdrafts
OCC Says Banks Should Consider Lower-Cost Alternatives for Covering Overdrafts
April 26, 2023  |  Banking

Banks should consider offering lower-cost alternatives for covering overdrafts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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