OCC: Agency to Host Symposium on Bank Mergers
The Office of the Comptroller of the Currency (OCC) will host a symposium on bank mergers at its headquarters in Washington, D.C., on February 10, 2023. The symposium will promote public input and discussion regarding the framework for analyzing bank mergers under federal law, including topics such as competition, financial stability, and convenience and needs….
OCC: Agency Joins Military Spouse Partnership
The Office of the Comptroller of the Currency (OCC) affirmed its commitment to military families by joining the Military Spouse Employment Partnership (MSEP) at a ceremony today in Arlington, Va. MSEP is a Department of Defense program that connects military spouses with partner employers who have committed to recruit, hire, promote, and retain military spouses….
CFPB: Threshold for Smaller Loan Exemption for Appraisal Requirements for Higher-Priced Mortgage Loans Announced for 2023
The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $28,500 to $31,000. The threshold amount will be effective January 1, 2023, and is based on the…
OCC: Bank Supervision Operating Plan for Fiscal Year 2023 Released
The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2023. The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual national banks, federal savings associations, federal branches, federal agencies, and technology service providers. The OCC staff uses this…
OCC: New Executive Committee Members Announced
The Office of the Comptroller of the Currency (OCC) today announced three new members of its Executive Committee, effective October 10, 2022. Beverly Cole has been selected as the Senior Deputy Comptroller for Midsize and Community Bank Supervision. She will lead a team of 1,600 people in the supervision of more than 1,000 national banks…
OCC: Report Shows Overall Mortgage Performance Improvement
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2022. The OCC Mortgage Metrics Report, Second Quarter 2022 showed that 97 percent of mortgages included in the report were current and performing at the end of the quarter, compared…
OCC: Chief Climate Risk Officer Announced
The Office of the Comptroller of the Currency (OCC) today announced the appointment of Dr. Yue (Nina) Chen as Chief Climate Risk Officer. Dr. Chen will lead the agency’s climate risk efforts related to supervision, policy, and external engagement. She will oversee the activities of the OCC’s Office of Climate Risk and report directly to…
OCC: Minority Depository Institutions Advisory Committee Meeting Scheduled September 27th
The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 27, 2022. The meeting, which will be hosted in person and virtually, is open to the public and will begin at 10:00 a.m. Eastern Daylight Time…
OCC: New Bulletin Sets Expectations for Protecting Non-Public Infomation on Managed Video Teleconferencing Services
The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to explain the OCC’s expectations for protecting non-public OCC information, as defined in 12 CFR 4.32(b)(1), shared on video teleconferencing services that are operated or managed by an institution1 or any other party. Video teleconferencing (VTC) services provide collaboration capabilities that allow communication…