Office of the Comptroller of the Currency

Banks Scrapping Regulators For Friendlier OCC Oversight
Banks Scrapping Regulators For Friendlier OCC Oversight
September 17, 2019  |  Bank Regulation

An increased number of banks are swapping their own regulators for oversight by the Office of the Comptroller of the Currency (OCC), The Wall Street...

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OCC Beefs Up Banking Oversight
OCC Beefs Up Banking Oversight
July 31, 2019  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) has announced that it’s going to realign about 150 staff members in two new units, the...

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MUFG Bank Enters Consent Order With OCC Over AML Compliance
MUFG Bank Enters Consent Order With OCC Over AML Compliance
February 22, 2019  |  Security & Fraud

MUFG Bank, a Japan-based institution, announced on Friday (Feb. 22) that it was entering into a consent order with the U.S. Office of the Comptroller...

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The Opportunities And Challenges Of Small-Dollar Lending
The Opportunities And Challenges Of Small-Dollar Lending
May 28, 2018  |  Bank Regulation

Responsible short-term, small-dollar loans to consumers will result in increased purchasing power, according to a paper from the American Banking Association about small-dollar lending. The...

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Wells Fargo Accused Of Manipulating Business Banking Data
Wells Fargo Accused Of Manipulating Business Banking Data
May 17, 2018  |  Bank Regulation

It’s happened again. Wells Fargo on Thursday (May 17) was facing accusations that its employees altered customer data, this time in a business banking unit,...

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Congresswoman Waters Introduces Bill To Punish Bad Banks
Congresswoman Waters Introduces Bill To Punish Bad Banks
October 05, 2017  |  Bank Regulation

Top Democrat Maxine Waters has introduced a bill outlining a process to break apart big banks that engage in widespread consumer abuse. According to American...

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Varo Money Applies For Charter To Become A Mobile-Only Regulated Bank
Varo Money Applies For Charter To Become A Mobile-Only Regulated Bank
July 25, 2017  |  Bank Regulation

Varo Money, the digital banking fintech that has investment backing from Warburg Pincus, filed for a national banking charter and deposit insurance, putting the Trump...

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Comptroller Concerned About Banks And FinTech Partnerships
Comptroller Concerned About Banks And FinTech Partnerships
July 10, 2017  |  Regulation

Be careful of the company you keep — and the technologies you use. According to The Wall Street Journal, that is the takeaway from the Office...

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Treasury Secretary Mnuchin Names Keith Noreika To Head The OCC
Treasury Secretary Mnuchin Names Keith Noreika To Head The OCC
May 04, 2017  |  Regulation

U.S. Treasury Secretary Steven T. Mnuchin announced Wednesday (May 3) that he is plans to appoint Keith Noreika as a Deputy Comptroller and designate him...

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