The gap between state money transmitter licensing and prudential federal bank agency oversight is likely to become starker over time. Read more about long-term trends reshaping banking. https://lnkd.in/e8Wc8gz7
Office of the Comptroller of the Currency
Banking
Washington, DC 68,102 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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The OCC encourages national banks and federal savings associations to support consumers' financial health in a safe, sound, and fair manner. Read how banks can measure and support customer financial health outcomes at occ.gov/financialhealth
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ICYMI: The OCC launched Project REACh 2.0 in May and unveiled new initiatives to increase economic mobility within financially underserved and under-resourced communities. https://lnkd.in/e886s9u2
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Money laundering poses significant risks to the safety and soundness of the U.S. financial industry. The OCC invites comment on proposed rules to amend rules requiring anti-money laundering and countering the financing of terrorism programs. https://lnkd.in/exEivZwx
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Collateral valuations, including appraisals, are important to the integrity of the residential real estate lending process. Read the final guidance on reconsiderations of value processes. https://lnkd.in/eR37CmkT
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The OCC uses enforcement actions to require banks to correct deficiencies or violations and reinforce individuals’ accountability for conduct regarding the affairs of a bank. Read about the actions announced in July 2024. https://lnkd.in/eGh4EpTX
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Critical to national banking is the concept of preemption. Read Acting Comptroller Hsu’s remarks on fortifying core preemption powers. https://lnkd.in/ehs2SkTd
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The OCC and five federal regulatory agencies issued a final rule to help ensure the credibility and integrity of automated valuation models in valuing real estate. https://lnkd.in/eBzTC3FE
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It is essential that OCC banks maintain heightened threat monitoring and effective controls to safeguard against disruptive financial sector attacks. Read more at occ.gov/SARP.
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The OCC and FRB will hold a public meeting to collect information from stakeholders on the application by Capital One to acquire Discover Bank. More info at https://lnkd.in/eW-TqbzX
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