In its Semiannual Risk Perspective, the OCC reported increased credit, market, operational and compliance risks during the first half of 2023.
News & Insights
On January 18, 2022, the OCC conditionally approved Social Finance, Inc. applications to charter a full-service national bank.
In an Interpretive Letter, the Office of the Comptroller of the Currency clarified the authority of (i) banks to engage in cryptocurrency activities and (ii) the OCC to charter national trust banks.
The Federal Reserve Board, the CFPB, the FDIC, the National Credit Union Administration and the OCC extended a request for information and comments on financial institutions' use of artificial intelligence and machine learning.
The U.S. House Financial Services Subcommittee on Consumer Protection and Financial Institutions held a hearing to consider proposed legislation on novel financial institution charters such as industrial loan companies, as well as state charters and licenses for cryptocurrency and blockchain firms.