Office of the Comptroller of the Currency

52 results about this entity

Period: 20 Mar 2006 - 04 Nov 2024

/crime

Bank of America fined $225 million for unlawfully freezing accounts during Covid-19 pandemic

The Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) have fined the Bank of America (BofA) for their deficient disbursement of state unemployment benefits during the Covid-19 pandemic.

/regulation

Regulator hits Anchorage Digital over AML failures

The Office of the Comptroller of the Currency (OCC) has issued a consent order against digital asset custody services provider Anchorage Digital Bank over Bank Secrecy Act anti-money laundering failures.

/regulation

US regulators promise crypto oversight clarity

American banking regulators have put together a roadmap that will see them offer clarity over the next year on a host of areas relating to crypto assets.

/regulation

US banks ordered to report cyber incidents within 36 hours

US regulators have approved a new rule that requires banks to report any "significant" computer security incident within 36 hours of discovering it.

/crypto

Crypto custodian Anchorage gets national trust charter

Digital asset custody services provider Anchorage has secured conditional approval for a national trust charter from the US Office of the Comptroller of the Currency (OCC).

/regulation

US bank regulators release paper on operational resilience

Federal bank regulatory agencies today released a paper outlining sound practices designed to help large banks increase operational resilience.

/regulation

US politicians weigh response to OCC payments charters

With financial technology firms growing fast and big tech outfits increasingly moving into the FS sector, a senior US politician has warned about the risks of "too-big-to-fail" fintechs.

/crypto

OCC gives banks stablecoin guidance

The Office of the Comptroller of the Currency has given federally chartered banks the green light to hold "reserves" on behalf of customers who issue certain stablecoins.

/regulation

US regulator signals change to digital banking rules

A US federal banking regulator has called for public feedback on the use of cryptocurrencies ahead of what could be a change in the rules on digital banking.

/people

Former Coinbase exec becomes acting Comptroller of the Currency

America's Comptroller of the Currency Joseph Otting is stepping down, with first deputy and former Coinbase chief legal officer Brian Brooks taking over on an acting basis.

/regulation

Regulator tells USAA to fix lax information security

USAA Federal Savings Bank has been slapped with a cease-and-desist order by the Office of the Comptroller of the Currency for, among other things, an IT programme not in compliance with information security standards.

/regulation

State regulators go back to court over OCC's fintech charter plans

The Conference of State Bank Supervisors (CSBS) today filed a complaint in the U.S. District Court for the District of Columbia against the Office of the Comptroller of the Currency (OCC).