A commercial bank settled parallel CFPB and OCC charges for (i) deceptive practices in marketing prepaid debit card program and (ii) deficiencies in its operational and risk management controls.
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The Office of the Comptroller of the Currency reminded supervised banks of the "core principles" for responsible short-term, small-dollar installment lending.
Comptroller of the Currency Joseph Otting expressed support for Acting CFPB Director Mick Mulvaney following a meeting to discuss improved cooperation between the OCC and CFPB.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the FDIC adopted amendments to the Community Reinvestment Act regulations in response to recent changes to Regulation C.
The Office of the Comptroller of the Currency rescinded previously issued guidance concerning deposit advance products.