Links in “OCC”

The OCC has reminded banks and savings associations that September is National Preparedness Month and the importance of being prepared for emergencies and natural disasters. [9/14/15]

The OCC Deputy Comptroller for Compliance Operations and Policy spoke about the importance of three things – SCRA compliance, cybersecurity, and innovation. Read her remarks here. [9/1/15]

Three institutions are celebrating termination of their existing enforcement actions. But 15 others were saddled with cease and desist orders, civil money penalties, formal agreements, and other enforcement actions. [8/24/15]

Citizens Bank of Pennsylvania has been charged by not one federal agency, but three. The CFPB, OCC, and FDIC have joined together to charge the bank for deceptive deposit practices. The bank will pay a total of $11 million in restitution and $20.5 million in federal penalties. [8/13/15]

Thomas J. Curry from the OCC speaks about the future of “fintech,” or financial technology. Read his full remarks here. [8/10/15]

The OCC has released its enforcement actions, although the list is pretty slim this go-around. [7/20/15]

I know, It's not nearly as effective as "...the Kraken!" The FRB, OCC, and FDIC released the updated list of distressed or underserved nonmetropolitan middle-income geographies where revitalization and stabilization activities will receive CRA consideration as part of community development. [7/9/15]

The OCC found deficiencies in the preparation and notarization of affidavits and other sworn documents used in the bank’s debt collection litigation as well as its Servicemembers Civil Relief Act compliance program. [7/9/15]

The OCC has rated compliance risk as one of the top supervisory concerns for 2015, along with cybersecurity, interest rate, underwriting, and strategic risks. [7/1/15]

The OCC released performance elements for first-lien mortgages serviced by eight national banks that hold approximately 44% of such loans in the country. Overall performance levels improved during the first quarter of 2015 as indicated by factors such as improvement in current loans, decreases in serious delinquencies, and reduction in foreclosure actions. [6/26/15]