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July 25, 2008
Reich Sees Need to Restore Confidence
OTS Director John Reich has outlined steps that are necessary to restore confidence in financial institutions.
July 14, 2008
OCC To Focus on Compliance
Sure, credit quality is a huge issue these days. But Comptroller of the Currency John Dugan is telling his examiners not to focus on safety and soundness to the exclusion of compliance matters.
June 16, 2008
OCC Report Challenges HOPE NOW Figures
HOPE NOW’s reported success in helping troubled mortgage borrowers may be exaggerated.
June 02, 2008
Dugan Sounds Alarm on Home Equity Lending
The Comptroller of the Currency urges a return to old-time underwriting standards.
OCC Opposes Cuomo’s Appraiser Deal
The OCC does not like the agreements reached between New York State Attorney General Andrew Cuomo and mortgage giants Fannie Mae and Freddie Mac.
May 05, 2008
Big Bank in Trouble over Payment Processors’ Activities
The OCC has entered into a settlement agreement with Wachovia that directs the big bank to make restitution to consumers harmed by its relationships with several telemarketers and third party payment processors.
April 21, 2008
Dugan Warns Against CRE “Denial”
“Denial is not a strategy,” the Comptroller of the Currency warns community banker facing troubled CRE loans.
March 03, 2008
Lessons Learned: Dugan Cites Mortgage-Backed Securities
It’s no secret that many securities backed by subprime mortgages did not turn out as advertised. But why? Comptroller John Dugan cites lessons learned.
February 25, 2008
OCC Cuts Fees
The national bank supervisor had reduced its fees by about 2.5 percent.
February 04, 2008
The Next Big Mess: Commercial Real Estate
The Comptroller of the Currency is warning community banks to watch their commercial real estate concentrations.
November 26, 2007
OCC: You Better Watch Out
The OCC has some advice for consumers as they begin their holiday shopping.
November 05, 2007
Big Banks’ Basel Rule Adopted
The federal bank regulators have agreed on final rules implementing portions of the Basel II Capital Accord that apply to the largest U.S. banks.
October 29, 2007
Dugan Sees Basel Progress
The Comptroller of the Currency is optimistic that all the agencies will soon agree on a workable capital rule under the Basel agreement.
October 22, 2007
Comptroller Proposes Unified Complaint Center
Should a single call center serve customers complaining about all types of financial institution?
October 15, 2007
Dugan to Banks: Strengthen Underwriting Standards
Banks need to strengthen their underwriting standards, particularly on loans sold to third party investors, Comptroller of the Currency John C. Dugan said.
October 08, 2007
Dugan Warns of Looming CRE Hazards
“Be prepared,” Comptroller of the Currency John Dugan told bankers — especially those with commercial real estate concentrations.
Dugan Addresses Money Laundering Issues
The Comptroller of the Currency reported on money laundering developments.
October 01, 2007
Dugan Proposes Credit Card Protections
The Comptroller of the Currency will ask the Fed to allow cardholders to opt out of rate increases.
September 17, 2007
OCC Rules on Lottery Issue
It’s OK to provide banking services to the private manager of a state lottery.
September 10, 2007
OCC Warns of Debt Elimination Schemes
The fact that the schemers sometimes use OCC forms doesn’t help.
September 04, 2007
OCC Clarifies Do Not Call Rules
An OCC bulletin updates the requirements of the Telephone Consumer Protection Act and Junk Fax Prevention Act.
August 20, 2007
Banks Asked to Block Child Pornographers
The OCC has distributed a “best practices” document on blocking child pornographers from using the payment system.
July 09, 2007
National Banks Can Use State Loan Limits
The OCC has adopted an interim regulation allowing national banks to use state-bank lending limits under certain circumstances.
OCC Proposes Regulatory Relief Measure
The proposed changes are minor, but every little bit helps.
OCC Lawyer Addresses Offset of Social Security Deposit
The OCC’s chief counsel has issued an interpretive letter clarifying national banks’ authority to charge fees for overdraft protection on checking accounts.
