OCC: Jonathan V. Gould Takes Office as the 32nd Comptroller of the Currency
Jonathan V. Gould today became the 32nd Comptroller of the Currency, after being sworn into the office by Dr. Michael Faulkender, Deputy Secretary of the U.S. Treasury. President Donald J. Trump nominated Mr. Gould on February 11, 2025, and the U.S. Senate confirmed him on July 10, 2025. Mr. Gould takes over from Rodney E….
Agencies Issue Joint Statement on Risk-Management Considerations for Crypto-Asset Safekeeping
Federal bank regulatory agencies today issued a joint statement in their continued efforts to provide clarity on banks’ engagement in crypto-asset-related activities. The statement highlights for banks potential risk-management considerations related to holding crypto-assets on their customers’ behalf, or crypto-asset safekeeping. The joint statement discusses existing risk-management principles that apply to crypto-asset safekeeping and reminds…
OCC: References to Disparate Impact Removed from OCC “Fair Lending” Booklet and No Longer Included in Examinations
The Office of the Comptroller of the Currency (OCC) has removed references to supervising banks1 for disparate impact liability from the “Fair Lending” booklet of the Comptroller’s Handbook and has commenced removing references in other issuances. Concurrently, the OCC has instructed its examiners that they should no longer examine for disparate impact. Note for Community Banks The OCC’s…
OCC: Acting Comptroller Rodney Hood Congratulates Jonathan Gould on Senate Confirmation as Comptroller of the Currency
Acting Comptroller of the Currency Rodney E. Hood today issued the following statement following the confirmation of Jonathan Gould by the U.S. Senate to become the Comptroller of the Currency. I extend my sincere congratulations to Jonathan Gould, who will soon become the 32nd Comptroller of the Currency. Mr. Gould will be the first confirmed Comptroller…
ICBA: ICBA Urges OCC to Consider Key Principles for Digital Asset National Bank Charter Applications
In light of an increase in charter applications from nonbank digital asset firms, the Independent Community Bankers of America (ICBA) today urged the Office of the Comptroller of the Currency to keep in mind several key principles when considering such applications. In a letter to the OCC, ICBA noted that applications from nonbank digital asset-related entities…
OCC: National Banks and Federal Savings Associations in Texas Affected by Flooding Allowed to Close
The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas of Texas affected by flooding. In issuing the proclamation, the OCC expects that only those bank offices directly affected by potentially unsafe conditions…
OCC: Acting Comptroller of the Currency Discusses Importance of Homeownership
Acting Comptroller of the Currency Rodney E. Hood discussed homeownership as a pathway to financial inclusion and generational wealth in remarks at the Detroit REACh Homebuyers Fair, held in recognition of National Homeownership Month on June 28. In his remarks, Acting Comptroller Hood discussed the Office of the Comptroller of the Currency’s work to expand…
OCC: New Report Highlights Key Risks in Federal Banking System
The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Spring 2025. The OCC reported that the strength of the federal banking system remains sound. Consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have increased…
OCC: FDIC Appointed as Receiver for The Santa Anna National Bank of Santa Anna, Texas
The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for The Santa Anna National Bank, Santa Anna, Texas. As of March 31, 2025, the bank reported approximately $77 million in total assets. The OCC acted after finding the bank had experienced substantial dissipation of assets…