OCC: Report Released on Large Banks’ Debanking Activities
The Office of the Comptroller of the Currency (OCC) today released a report of its findings from its supervisory review of debanking activities at the nine largest national banks it supervises: JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank. The OCC conducted…
CFPB: New Initiative Announced to Address OCC-Uncovered Debanking by Large Banks
Today, the Consumer Financial Protection Bureau (CFPB) announced the next step in its work to advance President Trump’s fight against the debanking of businesses and individuals on the basis of their constitutionally protected rights, including support of President Trump, MAGA, pro-life causes, and industries disfavored by the Left. The CFPB will address any consumer harm…
ABA: ABA & State Associations Urge Banking Agencies to Adopt Durable, Tailored CRA Framework
The American Bankers Association joined state bankers associations from across the country in submitting a comment letter to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation today on their proposed revisions to Community Reinvestment Act regulations. The letter urges the agencies to adopt a framework that remains faithful to the statute, reduces…
OCC: Agency Hails 2026 Update to U.S. National Strategy for Financial Literacy
The Office of the Comptroller of the Currency (OCC) today hailed the 2026 update to the U.S. National Strategy for Financial Literacy, underscoring the agency’s commitment to helping Americans develop practical skills to make sound financial decisions, build greater financial security, and pursue economic opportunity. “When Americans understand how our financial system works, they are…
ICBA: ICBA Sues OCC Over National Trust Bank Charters for Crypto Firms
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the lawsuit filed today in the U.S. District Court for the District of Columbia against the Office of the Comptroller of the Currency (OCC) for authorizing novel entities primarily dealing in cryptocurrencies to enter the banking system without being subject…
OCC: Mortgage Performance Report for Second Quarter of 2026 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 second quarter of 2026. The OCC Mortgage Metrics Report, Second Quarter 2026 showed that 97.7 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers
Today the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the agencies) requested comment on proposed guidance to assist financial institutions with managing risks associated with third-party relationships. The proposed guidance reflects the agencies’ supervisory experience and lessons learned from examining…
Agencies Reduce Regulatory Burden for Community Banks, Increase Eligibility for 18-Month Exam Cycle
The federal bank regulatory agencies today issued an interim final rule increasing the number of community banks eligible for an 18-month exam cycle. The 21st Century ROAD to Housing Act increased the total asset threshold from $3 billion to $6 billion for certain supervised institutions to qualify for an extended 18-month on-site exam cycle. Extending…