PYMNTS

JANUARY 25, 2019

Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) all released a joint report saying that due to a healthy economy, prospects for loan repayment look good. However, the portion of loans owed by strongly leveraged borrowers is still high.

FDIC 43

FDIC OCC Office of the Comptroller of the Currency Risk 43

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

Fed 43

Fed Federal Reserve Office of the Comptroller of the Currency OCC 43

FICO

MAY 6, 2019

The conclusion cited is that “debtors are riskier than their scores indicate because the metrics don’t account for the robust economy, skewing perception of borrowers’ ability to pay bills on time”. So are FICO ® Scores “artificially inflated”? The simple answer is no. FICO Scores Are Not Fixed Estimates of Credit Risk. Score Inflation.

Underwriting 75

Underwriting OCC Credit Risk Risk 75

PYMNTS

DECEMBER 18, 2018

That’s in part because several federal agencies recently have come out — together — in support of banks embracing innovation in their compliance efforts. Marine who won the Medal of Honor for his actions on Guadalcanal in 1942, and whose story was told in comic books (along with other media) in order to boost morale and sell war bonds?

AML 61

AML Compliance Money Laundering Office of the Comptroller of the Currency 61

PYMNTS

JUNE 8, 2016

June’s Faster Payments Tracker™ features an inside look at how the Office of the Comptroller of the Currency, a member of the Fed’s Faster Payments Taskforce, is facilitating the country’s transition to an economy of rapid transactions. The OCC is, of course, not alone in its focus on Faster Payments.

Faster Payments 41

Faster Payments Office of the Comptroller of the Currency NACHA Direct Deposit 41

PYMNTS

NOVEMBER 20, 2020

Physical banking was already on the decline before the COVID-19 pandemic put much of the physical economy into the deep freeze for a year and left customers scrambling to digitize their day-to-day lives as much as possible and as fast as possible. Officially the regulatory powers that govern banking aren’t on board with this switch.

Office of the Comptroller of the Currency 88

Office of the Comptroller of the Currency Online and Mobile Banking OCC Federal Reserve 88

PYMNTS

JANUARY 14, 2021

Banks offering those foundational principles for the CBDCs included the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, Sveriges Riksbank, the Swiss National Bank and the BIS.

Money Laundering 61

Money Laundering Bitcoin Regulations Central Bank 61