Remove Economy Remove OCC Remove Office of the Comptroller of the Currency
article thumbnail

OCC Finalizes Long-Held Rule On Banking Equality

PYMNTS

The Office of the Comptroller of the Currency (OCC) released a finalized rule on ensuring fair access to banking services from large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations, according to a press release.

OCC 86
article thumbnail

OCC Calls For Equal Access To Banking Services

PYMNTS

The Office of the Comptroller of the Currency ( OCC ) has proposed personal banking regulations intended to level the playing field. . Fair access to financial services, credit and capital is essential to our economy,” Brian P. Brooks, acting Comptroller of the Currency, sai d in a statement on Monday (Nov.

OCC 68
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bitcoin Daily: OCC: US National Banks Can Hold Digital Assets; S. Korea Eyes 20 Pct Tax On Crypto Trading

PYMNTS

Banks chartered by the federal government can offer digital currency custody services, the Office of the Comptroller of the Currency (OCC) said in a Wednesday (July 22) announcement. In other news, South Korea intends to levy a two-tenths tax on income made via digital currency transactions, The Block reported.

OCC 63
article thumbnail

Today In Digital-First Banking: OCC Seeks Equal Access To Banking; Taxpayers Face $435B Hit From Student Loans

PYMNTS

In today’s top news in digital-first banking, The Office of the Comptroller of the Currency (OCC) has proposed a personal banking rule intended to level the playing field, while U.S. OCC Calls for Equal Access to Banking Services. Morgan economists noted in a new outlook. Economists from J.P.

OCC 64
article thumbnail

OCC Defines Top Threats To Banks This Season

PYMNTS

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy. Cyber Threats.

OCC 46
article thumbnail

OCC: Lockdowns Could Challenge Stability Of Banking System

PYMNTS

Brooks , Acting Comptroller of the Currency, said in a series of letters that some states’ long-term efforts to curb the coronavirus could lead to reduced real estate values and debt payments. Brooks has only just taken office as of the beginning of June, after his predecessor Joseph Otting stepped down May 29.

OCC 52
article thumbnail

Fed, OCC, FDIC: US Bank Loan Risk On The Decline

PYMNTS

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