Office of the Comptroller of the Currency - News, Articles & Research

Company announcement/crypto

OCC latest US regulator to give banks crypto freedom

The Office of the Comptroller of the Currency (OCC) today clarified permissible bank activities related to crypto-asset custody and execution services.

08 May 2025

Company announcement/regulation

OCC issues request for information on community bank digitalisation

The Office of the Comptroller of the Currency (OCC) today issued a request for information (RFI) on the key challenges and barriers faced by community banks in the adoption and implementation of digital banking solutions.

05 May 2025

Company announcement/regulation

OCC restructures organization

The Office of the Comptroller of the Currency (OCC) today announced changes to its organizational structure to ensure its approach to supervision evolves to better address today’s challenges, align similar functions within the agency, and leverage opportunities for efficiencies.

17 April 2025

News/security

OCC reports 'major incident ' email hack to Congress

The Office of the Comptroller of the Currency says "highly sensitive information" was accessed in a hack on its email system.

08 April 2025

Company announcement/sustainable

OCC withdraws principles or climate-related financial risk management for large FIs

The Office of the Comptroller of the Currency (OCC) today withdrew its participation in the interagency principles for climate-related financial risk management for large financial institutions.

31 March 2025

News/regulation

FDIC says banks don't need prior approval for crypto activities

US banks no longer need to receive prior approval before engaging in crypto-related activities, says the Federal Deposit Insurance Corporation.

31 March 2025

News/regulation

US regulators must take reins on fintech oversight - bank associations

US financial services regulators should take the reins on fintech oversight and stop expecting banks to independently police the sector, say the Bank Policy Institute and the Clearing House Association.

04 November 2024

News/regulation

Regulator tells Wells Fargo to fix AML deficiencies

Shares in Wells Fargo fell on Thursday after the bank inked a formal agreement with the Office of the Comptroller pledging to fix deficiencies in its financial crimes risk management practices and anti-money laundering internal controls.

13 September 2024

News/regulation

US regulators seek info on bank-fintech relationships

US banking regulators have issued a warning on the potential risks associated with third-party deposit arrangements and made a call for more information on the relationships between lenders and fintechs.

26 July 2024

News/regulation

Citi fined $136m for lack of progress on fixing risk management flaws

Citi has been fined $135.6 million by US regulators for failing to make enough progress on fixing risk management and data governance deficiencies four years on from a cease and desist order.

12 July 2024

Company announcement/regulation

US Bank hit with multi-million dollar fines over prepaid card programme for the unemployed

The Office of the Comptroller of the Currency (OCC) today assessed a $15 million civil money penalty against U.S. Bank, National Association, Cincinnati, Ohio, for violations of law relating to the bank’s administration of a prepaid card program to distribute public unemployment insurance benefit payments.

20 December 2023

News/regulation

OCC warns banks on BNPL lending

The Office of the Comptroller of the Currency (OCC) has issued guidance to US banks warning them to make sure that buy now, pay later loans are offered in a "safe and sound" manner.

08 December 2023