OCC: FDIC Appointed as Receiver for The Santa Anna National Bank of Santa Anna, Texas
The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for The Santa Anna National Bank, Santa Anna, Texas. As of March 31, 2025, the bank reported approximately $77 million in total assets. The OCC acted after finding the bank had experienced substantial dissipation of assets…
Agencies Release 2025 List of Distressed and Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today released the 2025 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and…
OCC: Mortgage Performance Report for First Quarter 2025 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2025. The OCC Mortgage Metrics Report, First Quarter 2025 showed that 97.6 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
Federal Bank Regulatory Agencies Seek Comment to Address Payments and Check Fraud
The federal bank regulatory agencies today announced a request for comment on potential actions to help consumers, businesses, and financial institutions mitigate risk of payments fraud, with a particular focus on check fraud. For purposes of the request for information, payments fraud generally refers to the use of illegal means to make or receive payments…
OCC: Acting Comptroller of the Currency Releases Letter on Preemption Regulations
Acting Comptroller of the Currency Rodney E. Hood today released a letter in response to correspondence from the Conference of State Bank Supervisors requesting the Office of the Comptroller of the Currency (OCC) rescind its preemption regulations. In the letter, Acting Comptroller Hood reaffirmed the OCC’s support and defense of preemption as a cornerstone of…
OCC: Acting Comptroller of the Currency Discusses Regulatory Agenda
Acting Comptroller of the Currency Rodney E. Hood today discussed his regulatory agenda in remarks at the U.S. Chamber of Commerce Capital Markets Summit. In his remarks, Acting Comptroller Hood detailed the Office of the Comptroller’s work to embrace bank-fintech partnerships, expand bank activities involving digital assets, promote financial inclusion and reduce regulatory burden to…
OCC: Acting Comptroller of the Currency Discusses Financial Literacy Education
Acting Comptroller of the Currency Rodney E. Hood today discussed the importance of financial literacy education in remarks at the Financial Literacy and Education Commission. In his remarks, Acting Comptroller Hood discussed the role financial literacy education plays in driving financial inclusion and participation in the financial system. He encouraged careful monitoring of the rapidly…
OCC: Third and Fourth Quarters 2025 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third and fourth quarters of 2025. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the…
OCC: Deputy Comptroller for Community and Industry Relations Announced
The Office of the Comptroller of the Currency (OCC) today announced Andrew Moss as the Deputy Comptroller for Community and Industry Relations, effective June 2. “Andrew’s strong leadership, extensive experience in financial inclusion, and dedication to community and industry partnerships will strengthen the agency’s critical outreach and community development activities,” said Acting Comptroller of the…