Page 4 - Comptroller Hsu News Today

On April 1, 2022, the Acting Comptroller of the Currency, Michael Hsu, announced that he is considering imposing new prudential standards on larger regional banks.

In a letter obtained by American Banker, the Senate Banking Committee chair called on the Federal Reserve and Office of the Comptroller of the Currency to reform their bank merger review processes.

Now is the time to shore up your compliance risk management programs. Otherwise, the likelihood and severity of violations and enforcement could increase significantly. Just last week,...

CFPB Announces Intention to Expand Enforcement Against Unfair Discrimination - The CFPB has published an updated examination manual for evaluating unfair, deceptive, and a...

<p><span>Acting Comptroller of the Currency Michael J. Hsu today hosted a visit with Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-Generals Special Advocate for Inclusive Finance for Development (UNSGSA), to promote financial inclusion.</span></p>
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I.  Introduction - The Office of the Comptroller of the Currency (“OCC”) continues along its cautious course of allowing fintech and digital asset firms into the...

Federal Reserve Considers Merits of Creating a U.S. Dollar Digital Currency The Federal Reserve has published a discussion paper that examines the pros and cons...

After Federal Deposit Insurance Corp. Chair Jelena McWilliams’ resignation, a Democrat on the board will temporarily run the agency. But it's still unclear who will call the shots over the long run and how policymaking will be affected by the FDIC's leftward shift.

In remarks before the Consumer Federation of America's 34th Annual Financial Services Conference, Acting OCC Comptroller Michael Hsu identified changes to banks' overdraft programs that would benefit lower-income individuals.

On November 23, 2021, the Office of the Comptroller of the Currency (OCC) released Interpretive Letter 1179 (the "Letter"), which is the culmination of a review of prior Interpretive Letters on cryptocurrency and related activities.