Supervisory experience has highlighted a range of potential risks with bank-fintech arrangements. Comment by Oct. 30 on whether enhancements to existing supervisory guidance may be helpful. https://lnkd.in/eBv-uBFj
Office of the Comptroller of the Currency
Banking
Washington, DC 69,068 followers
The OCC ensures banks operate in a safe and sound manner and provide fair access to financial services.
About us
The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks and federal savings associations. The OCC also supervises the federal branches and agencies of foreign banks. Our goal in supervising banks and federal savings associations is to ensure that they operate in a safe and sound manner and in compliance with laws requiring fair treatment of their customers and fair access to credit and financial products. The OCC is an independent bureau of the U.S. Department of the Treasury. The President, with the advice and consent of the U.S. Senate, appoints the Comptroller to head the agency for a five-year term. The Comptroller also is a director of the Federal Deposit Insurance Corporation and NeighborWorks® America. Headquartered in Washington, D.C., the OCC has four district offices to supervise the international activities of national banks. The OCC's nationwide staff of bank examiners conducts on-site reviews of national banks and federal savings associations (or federal thrifts) and provides sustained supervision of these institutions’ operations. More about the OCC is available on www.occ.gov. Information about careers with the OCC is available at careers.occ.gov OCC’s Social Media Community Guidelines: https://occ.gov/about/policies/social-media-community-guidelines.html
- Website
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https://www.occ.gov/
External link for Office of the Comptroller of the Currency
- Industry
- Banking
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1863
- Specialties
- Risk Management, Bank Supervision, Bank Regulation, and Economics
Locations
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Primary
400 7th St SW
Washington, DC 20024, US
Employees at Office of the Comptroller of the Currency
Updates
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Federal agencies announce the 2025 threshold for higher-priced mortgage loans will increase to $33,500 effective January 1, 2025. Learn more at https://lnkd.in/eRnTPqUc
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The OCC commemorates #NDEAM and celebrates the significant contributions of people with disabilities. The OCC’s Differently Abled Workforce Network employee group cultivates a workplace that values those with different abilities and contributes to the OCC’s diverse and inclusive culture.
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Enhancing financial literacy empowers consumers in ways that promote their own financial health. View resources at https://lnkd.in/enT8Kcbd
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The OCC’s ongoing risk-based supervision approach focuses on evaluating risk, identifying material and emerging concerns, and requiring banks to take timely corrective action before deficiencies compromise their safety and soundness. Read about the OCC’s supervisory priorities for FY25 at occ.gov/bsop
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The OCC released a list of Community Reinvestment Act performance evaluations that became public during the period of September 1, 2024, through September 30, 2024. https://lnkd.in/euSYyi8M
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Join the OCC’s Oct. 22 advisory committee meeting for updates on economic trends, rules and policies affecting mutual savings associations. The agenda also includes a roundtable discussion with OCC staff. Participate virtually or attend in person. Info at https://lnkd.in/ehEY6C4B
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Register for OCC bank director workshops to review the fundamentals in identifying, measuring, monitoring and controlling risk. Sessions open in CA, MA and NY. occ.gov/workshops
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The OCC issued a proclamation allowing its supervised institutions to close offices in areas of North Carolina, South Carolina and Virginia affected by Hurricane Helene. Read the full announcement at https://lnkd.in/ebtswtar #Helene