Page 74 - Acting Comptroller News Today

OCC recently issued Interpretive Letter 1179 that revises previously released guidelines for banks engaging in certain crypto activities.

Building on his remarks to the Blockchain Association and the American Fintech Council earlier this month, the Acting Comptroller of the Currency, Michael J. Hsu, issued a statement on November 16.

By Pete Schroeder and Michelle Price WASHINGTON (Reuters) - While President Joe Biden on Monday said he would renominate U.S. Federal Reserve chair Je...

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The Biden administration has made it clear they oppose the potential of stablecoins. But proponents view these private digital tokens, which are backed by reserve assets such as the U.S.

November 1, the President’s Working Group on Financial Markets PWG, the FDIC, and the OCC announced the release of a report on stablecoins — virtual currencies that, unlike Bitcoin, are backed by assets like gold or fiat currency.

Last week, the world of mortgage servicing got an unpleasant surprise. Cenlar FSB, the nation’s largest subservicer of residential mortgages, was hit with a consent order by the Office of the Comptroller of the Currency alleging “unsafe and unsound” banking practices.

<p><span>Acting Comptroller of the Currency Michael J. Hsu issued the following statement on release of the Report on Stablecoins by the Presidents Working Group on Financial Markets, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency:</span></p>

<p><span>Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of maintaining trust in the banking system during the transition from LIBOR to replacement rates at the Alternative Reference Rates Committee (ARRC) Symposium.</span></p>
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The CFPB and U.S. DOJ, in conjunction with the OCC are taking action against Trustmark National Bank for alleged redlining violations.