The OCC, FRB and FDIC requested comment on a set of rules as part of a process to identify "outdated" or "unnecessary" regulatory requirements on insured depository institutions and their holding companies.
News & Insights
The Office of the Comptroller of the Currency named Monica Fuentes Freas as Deputy Comptroller for Large Bank Supervision.
The OCC established the Office of Financial Technology to "provide strategic leadership, vision, and perspective for the OCC's financial technology activities and related supervision."
Acting Comptroller of the Currency Michael J. Hsu underscored the OCC's cautious approach to regulating cryptocurrency and digital markets. He highlighted recent "concerning" survey results that showed nearly 20 percent of cryptocurrency investors borrowed money to finance their investments.
At a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, regulators from the National Credit Union Administration, the FDIC and the OCC testified on current agency priorities and challenges.