The OCC updated its Policies and Procedures Manual on assessing civil money penalties in response to misconduct.
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In a podcast interview, OCC Comptroller Michael J. Hsu highlighted the importance of "inclusion" in the development of a regulatory framework for crypto activities.
Comments must be submitted by June 13, 2022 on proposed amendments to rules and procedures used for federal banking agency admi nistrative hearings and adjudications.
OCC Comptroller Michael J. Hsu considered alternative paths to the regulation of stablecoins through "the lens of stability, interoperability and separability."
Banking agencies proposed rule amendments to update policies and procedures to allow increased use of electronic communications in administrative proceedings for supervised financial institutions.