OCC

OCC: Conditional Approval Announced for Captial One, National Association to Acquire Discover Bank

The Office of the Comptroller of the Currency (OCC) announced today that it has conditionally approved the merger of Discover Bank, Greenwood, Delaware, into Capital One, National Association, McLean, Virginia. The OCC conducted a fulsome review of the application submitted March 21, 2024, to ensure all statutory and regulatory requirements have been met. The approval…

ICBA: ICBA Urges OCC to Preserve Dedicated Supervision for Community Banks

Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement in opposition to the Office of the Comptroller of the Currency’s announced decision to merge its community, midsize, and large bank supervision functions into a single line of business.  “As policymakers continue to call for stronger safeguards in financial oversight,…

OCC: Organization Structure Changes Announced to Combine Midsize and Community Bank Supervision and Large Bank Supervision Functions Effective June 2, 2025

The Office of the Comptroller of the Currency (OCC) today announced changes to its organizational structure to ensure its approach to supervision evolves to better address today’s challenges, align similar functions within the agency, and leverage opportunities for efficiencies. The OCC will combine the Midsize and Community Bank Supervision and Large Bank Supervision functions to…

OCC: Acting Comptroller of the Currency Discusses Agency Priorities

Acting Comptroller of the Currency Rodney E. Hood today discussed strategic areas of focus for the Office of the Comptroller of the Currency (OCC) in remarks at the Exchequer Club. In his remarks, Acting Comptroller Hood detailed the OCC’s efforts to reduce regulatory burden; promote financial inclusion; embrace bank-fintech partnerships; and expand responsible bank activities…

OCC: Agency Releases Letter on Information Security Incident to Supervised Institutions

The Office of the Comptroller of the Currency (OCC) today publicly released a letter sent to its supervised institutions regarding unauthorized access to OCC email systems. The OCC provided public notice of the unauthorized access and its designation as a major information security incident on April 8, 2025. The OCC is committed to taking all actions to…

Agencies Take Action on Appraisal Requirements in Area Affected by California Wildfires and Straight-Line Winds

To help facilitate recovery efforts from wildfires and straight-line wind damage in Los Angeles County, California this year, four federal financial institution regulatory agencies today temporarily paused certain appraisal requirements for real estate-related transactions. This action is expected to allow banks and credit unions to work with families and businesses without obtaining an appraisal. Banks…

OCC: Agency Notifies Congress of Incident Involving Email System

The Office of the Comptroller of the Currency (OCC) today notified Congress of a major information security incident, as required by the Federal Information Security Modernization Act. This finding is the result of internal and independent third-party reviews of OCC emails and email attachments that were subject to unauthorized access. On February 11, 2025, the…

OCC: Bulletin Issued to Update OCC Contact Information for Certain Community Reinvestment Act, Fair Housing Act, and Equal Credit Opportunity Act Notices and Posters

Summary This bulletin informs banks1 of the appropriate names and addresses for notices required by the Community Reinvestment Act (CRA) and Equal Credit Opportunity Act, and for posters required by the Fair Housing Act. Banks should make the appropriate changes to their notices and posters, if necessary, within 90 days of this bulletin’s date of issuance….

OCC: CRA Performance Evaluations Released for 18 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2025, through March 31, 2025. Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and…

OCC: Agency Promotes National Financial Literacy Month

The Office of the Comptroller of the Currency (OCC) recognizes April as National Financial Literacy Month and encourages national banks and federal savings associations (collectively, banks) to support efforts to improve the financial literacy and financial health of their customers. Banks can promote financial literacy by supporting high-quality financial literacy education and resources and by…