Stay updated with breaking news from Acting Comptroller Michael. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Situation: On January 29, 2024, the Office of the Comptroller of the Currency ("OCC") requested comment on a proposed rule updating its bank merger rules and incorporating a policy statement...
Capital One’s proposed merger with Discover will test the Biden administration’s commitment to reining in the excesses of the financial-services industry,...
The senators voiced their support for the new capital rules proposed by the agencies in an effort to strengthen the financial system and protect Americans’ jobs, businesses and money. In the letter, the lawmakers cited that strong capital rules allow banks to continue to serve their communities during difficult financial periods.
On December 11, the OCC published its 2023 Annual Report, which provides a comprehensive overview of the current state of the federal banking system, outlines the OCC’s strategic...
On April 3, the CFPB issued guidance to address abusive conduct in consumer financial markets. The policy statement detailed post-financial Crisis…