Links in “OCC”

The OCC has released a list of new enforcement actions taken against national banks, federal savings associations, and individuals affiliated with either type of institution. Included on the list are Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders. The OCC's database can be searched for all public enforcement actions taken since August of 1989. [6/23/14]

The OCC will host a three-day workshop for new and experienced national community bank directors focusing on emergent risks such as information security and vendor risk management. [6/19/14]

Attempting to reduce regulatory duplication, the OCC is proposing the integration of rules governing national banks and Federal savings associations. This effort would also try to revise some of the rules relating to policies and procedures for corporate activities and transactions to eliminate unnecessary requirements pertaining to safety and soundness. [6/10/14]

The Office of the Comptroller of the Currency will host two workshops in Seattle at the Westin, July 8-9, for directors of national community banks and federal savings associations. The workshops cover risk assessments as well as credit risk and are designed to improve risk management. [6/5]

The Office of the Comptroller of the Currency has released a list of CRA performance evaluations for the month of May. Of the 36 institutions evaluated, 8 were ranked as "outstanding," with 28 as "satisfactory." None of the institutions evaluated in May received a rating of "needs to improve" or "substantial noncompliance." [6/3]

Comptroller of the Currency, Thomas J. Curry, highlights what regulators are doing to meet the challenge of cyberattacks as well as the need for banks to implement robust programs to mitigate cybersecurity risk. [5/19]

The OCC is moving to combine rules for National Banks and Federal Savings Banks in effort to achieve oversight uniformity. Rules of focus include consumer protection in insurance sales, Bank Secrecy Act (BSA) compliance, management interlocks, appraisals, disclosure and reporting of Community Reinvestment Act (CRA)-related agreements, and the Fair Credit Reporting Act (FCRA). [5/16]

Speaking at the Conference of State Bank Supervisors, Comptroller of the Currency Curry commented about the importance of both federal and state level bank supervision in meeting the country's needs. [5/15]

Associated Bank (Wisconsin) was fined $500,000 by the OCC for inadequate training, risk management practices, and an insufficient system for tracking suspicious activity. [5/15]

The Office of the Comptroller of the Currency today reported that the financial condition of community national banks and federal savings associations in its nine-state Central District improved in 2013 as they focused on strengthening risk management systems to help boost their performance. More than 85 percent of 491 community national banks and thrifts located in the OCC’s Central District are top-rated, 1 or 2, on the five-point scale, a level not seen since early 2009. [5/14]