ABA: ABA & State Bankers Associations Urge OCC to Close Yield Loopholes in Stablecoin Rule
The American Bankers Association, joined by 52 state bankers associations, today submitted a comment letter to the Office of the Comptroller of the Currency urging the agency to strengthen its proposed rule implementing the GENIUS Act to ensure a meaningful and enforceable prohibition on interest and yield payments tied to stablecoins. Separately, ABA also submitted its own detailed comment…
OCC: Two Interim Final Actions Issued Clarifying Bank Powers under Federal Law and the Preemption of a Related State Law
The Office of the Comptroller of the Currency (OCC) today announced an interim final rule and interim final order related to activities of national banks and Federal savings associations. The interim final rule clarifies the longstanding powers under Federal law for national banks to charge certain fees, regardless of whether those fees are set by…
Agencies Issue Final Rule to Prohibit Use of Reputation Risk by Regulators
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today jointly issued a final rule that codifies the elimination of reputation risk from their supervisory programs. The rule defines “reputation risk” and prohibits the agencies from criticizing or taking adverse action against an institution on the basis of…
ICBA: ICBA Opposes OCC Approval of Coinbase’s National Trust Bank Charter Application
The Independent Community Bankers of America (ICBA) today expressed opposition to the Office of the Comptroller of the Currency’s conditional approval opens in a new tabof Coinbase’s application for a national trust bank charter for its subsidiary, Coinbase National Trust Co. “Today’s conditional approval of Coinbase’s trust charter application is a grave mistake that will only serve…
OCC: Deputy Comptrollers for Chartering, Organization and Structure Announced
The Office of the Comptroller of the Currency (OCC) today announced the promotions of Jason Almonte and Sebastian Astrada to Deputy Comptrollers for Chartering, Organization & Structure (CO&S). In their new roles, Mr. Almonte and Mr. Astrada will set policies and provide executive direction on federal bank applications, chartering, and corporate activities, policies, processes, and…
OCC: Final Rule Issued to Rescind Recovery Planning Guidelines
The Office of the Comptroller of the Currency (OCC) today announced a final rule to rescind its recovery planning guidelines for certain large insured national banks, federal savings associations, and federal branches (banks). “Recovery planning guidelines that require large banks to engage in prescriptive planning activities do little to improve their ability to manage through…
OCC: Mortgage Performance Report for Fourth Quarter 2025 Issued
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2025. The OCC Mortgage Metrics Report, Fourth Quarter 2025 showed that 97.5 percent of mortgages included in the report were current and performing at the end of the quarter, a slight…
OCC: Comptroller Gould Issues Statement at Financial Stability Oversight Council Meeting Regarding Nonbank Financial Company Designations
Comptroller of the Currency Jonathan V. Gould today issued remarks at the Financial Stability Oversight Council (FSOC) meeting about the FSOC’s framework for considering the designation of a nonbank financial company. In his remarks, Comptroller Gould shared the OCC’s support for the proposed framework, which wisely reverts to a common-sense approach consistent with the law….
Agencies Request Comment on Proposals to Modernize the Regulatory Capital Framework and Maintain the Strength of the Banking System
The federal bank regulatory agencies today requested comment on three proposals to modernize the regulatory capital framework for banks of all sizes. The proposals would streamline capital requirements and better align regulatory capital with risk while maintaining the safety and soundness of the banking system. The federal bank regulatory agencies today requested comment on three proposals…