The US Comptroller of the Currency, Joseph Otting, is stepping down midway through his five-year term, days after issuing new rules under the Community Reinvestment Act which have failed to gain FDIC or Federal Reserve support.
22 May 2020
The association representing US state-level banking regulators has issued a blistering response to the OCC’s plans make over 2,000 amendments to its licensing rules during the covid-19 pandemic, saying the federal regulator’s notice procedure “flouts the very purpose of notice-and-comment requirements”.
07 May 2020
Practitioners say US banks are responding positively to measures taken to resuscitate the economy following the coronavirus outbreak, as the US Senate postponed the implementation of a controversial new accounting standard as part of its US$2.2 trillion stimulus package.
27 March 2020
The US Office of the Comptroller of the Currency has hired its new chief operating officer from crypto exchange Coinbase.
19 March 2020
The five US financial regulatory agencies responsible for the administration of the Volcker Rule have issued a notice of proposed rulemaking, as they move closer to altering restrictions on private fund investments by banks.
06 March 2020
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