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Read about the OCC's strategic priorities, financial management, and regulatory and policy initiatives from 2024.
The Office of the Comptroller of the Currency (OCC) promotes a safe, sound, and fair federal banking system, overseeing a system of national banks and federal savings associations (collectively, banks) in the federal banking system that contributes to the nation’s prosperity.1
The overall condition of the federal banking system remained sound in fiscal year (FY) 2024.2 Banks continued to operate in a dynamic environment with changing customer needs related to products, services, and delivery channels.
In my May testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs,3 I discussed how the OCC is advancing four critical agency priorities that I set out after becoming Acting Comptroller—guarding against complacency, elevating fairness, adapting to digitalization, and managing climate-related financial risks.
Focusing on these priorities supports credibility and trust in banks and the federal banking system.
To build and maintain trust in the federal banking system, it is critical that banks guard against complacency. The OCC expects the banks we supervise to remain vigilant and focused on risk management, including traditional risks, as well as prepare for emerging risks and tail risk events.
Operational resilience—a bank’s ability to prepare for, adapt to, and withstand or recover from disruptions—is often overshadowed by debates about capital and liquidity, but it is critical to the safety and soundness of banks and their financial stability. Speaking at the Institute of International Bankers Annual Washington Conference in March,4 I emphasized that regulatory agencies like the OCC expect banks to be operationally resilient. The March speech noted that the federal banking agencies are considering what changes to our operational resilience framework may be appropriate, with a current focus on exploring baseline operational resilience requirements for large banks with critical operations, including third-party service providers. Gathering input from the industry and other stakeholders is important, including as a means to ensure consistency across institutions over time.
Robust recovery planning can help mitigate the too-big-to-fail problem and makes a critical difference when a large bank is under severe stress. I reiterated the importance of recovery planning and potential actions for banks in my remarks at the Entrepreneurship, Markets, and Technology: Regulation’s Challenges in a Changing World Conference in May.5
In July, the OCC issued for comment a proposal that would expand our recovery planning guidelines to all large, insured banks with assets of $100 billion or more, incorporate testing standards for recovery plans, and clarify the role of nonfinancial (operations and strategic) risk in recovery planning.6
Speaking at the Exchequer Club of Washington, D.C., in July, I noted that we continue to explore baseline operational requirements for large banks’ critical operations. I also discussed resilience and four pillars that are critical to maintaining trust: capital to absorb losses, liquidity to mitigate and withstand runs, operational resilience to maintain critical operations, and recovery planning to ensure options in stress.7
Bank mergers have been top of mind in 2024, and we have begun taking actions to improve our bank merger applications processes and become more transparent.8 In January at the University of Michigan Ross School of Business in Ann Arbor, Mich., I described steps the OCC is taking to improve transparency and trust in our bank merger processes. We need to make sure that every merger is procompetitive, pro-community, and pro-financial stability.9
Source: Federal Deposit Insurance Corporation Research Information System Data
In remarks before the University of Michigan Ross School of Business in January, Acting Comptroller Hsu presented this illustration of the concentration of large banks; Category II, III, and IV banks; and smaller banks and community banks in discussing bank mergers.
In September, the agency adopted a final rule amending its procedures reviewing applications under the Bank Merger Act and adding, as an appendix, a statement of policy that summarizes the principles the OCC uses when it reviews proposed bank merger transactions under the Bank Merger Act.10 As I noted of the rule, “This final rule and policy statement provide clarity and transparency around the OCC’s consideration of bank mergers to improve outcomes to benefit communities, enhance competition, and support a diverse banking system.” The OCC testified on the original proposal before the House Financial Services Committee’s Subcommittee on Financial Institutions and Monetary Policy in May.11
While we continue to work in collaboration with other U.S. regulatory agencies, there is value in considering international perspectives. Since several banks under OCC supervision operate globally, it is important for the OCC as a prudential supervisor to understand the full scope of risks that these global operations present to assess the effectiveness of the banks’ risk management policies and programs.
The OCC testified about its engagements with international forums and the benefits these engagements provide to the U.S. banking system before the House Financial Services Committee in March.12 Additionally, in September, I spoke about the evolving nature of bank supervision at the Joint European Banking Authority and European Central Bank International Conference on Addressing Supervisory Challenges Through Enhanced Cooperation. My remarks reflected on the nature and evolution of supervision, an evolving banking system, and the steps necessary to remain effective.13
The OCC also is a member of several international forums or their subgroups, including the Basel Committee on Banking Supervision and the U.S. delegation to the Financial Action Task Force. Benefits of the OCC’s engagements in international bodies include an opportunity to exercise U.S. leadership and promote U.S. policy interests, advance U.S. national security and foreign policy interests, establish a global baseline and level playing field for financial services regulation, and facilitate knowledge sharing.
In May, the OCC, Federal Deposit Insurance Corporation (FDIC), and Federal Housing Finance Agency (FHFA) each approved a notice of proposed rulemaking (NPR) to address incentive-based compensation arrangements, consistent with section 956 of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010.14 The National Credit Union Administration (NCUA) approved an NPR in July.15
The NPR proposes to prohibit incentive-based compensation arrangements that encourage inappropriate risks by providing excessive compensation or that could lead to material financial loss.
In January remarks at Columbia University Law School in New York City, I spoke about the increased speed and severity of bank runs, considered lessons learned from the recent large bank failures, and shared preliminary thoughts on the contours of what targeted regulatory enhancements for midsize and large banks might look like.16 Together with the Board of Governors of the Federal Reserve System (Federal Reserve Board) and the FDIC, the OCC is considering requiring banks to improve their readiness to use the Federal Reserve’s discount window.
In partnership with the other federal banking agencies, the NCUA, the Financial Crimes Enforcement Network, and state bank and credit union regulators, in December 2023, the OCC issued the “Interagency Statement for Banks on the Issuance of the Beneficial Ownership Information Access Rule” to provide additional clarity for banks on the Access Rule.17 In July 2024, the federal banking agencies and the NCUA put forth for comment a proposal updating requirements for supervised institutions to establish, implement, and maintain effective, risk-based, and reasonably designed anti-money laundering and countering the financing of terrorism (AML/CFT) programs.18
Lastly, the OCC updated the “Retail Nondeposit Investment Products” (RNDIP) booklet of the Comptroller’s Handbook.19 This booklet discusses risks and risk management practices associated with the recommendation or sale of RNDIPs to retail customers.
When I spoke at the Consumer Banking Association’s CBA LIVE 2024, I noted that the banking system exists to support people and their communities and emphasized my belief that by elevating fairness, banks can improve their ability to anticipate and adapt to emerging compliance risk issues.20
Acting Comptroller Hsu spoke about elevating fairness to promote public trust in banking during the Consumer Bankers Association’s annual conference.
In May, the OCC launched Project REACh 2.0 to reboot, refresh, and reinvigorate our already successful initiative to promote financial inclusion through greater access to credit and capital. Under REACh 2.0, working groups will focus on place-based initiatives, underserved and disadvantaged populations, technology, tools, products, and services.
Acting Comptroller Hsu announced the launch of Project REACh 2.0 at the Project REACh Financial Inclusion Summit in Washington, D.C., in May.
At our 2024 Project REACh Financial Inclusion Summit in May, we brought together leaders from the banking industry, national civil rights organizations, business, and technology to identify and reduce barriers that prevent full, equal, and fair participation in the nation’s economy.
In my update on Project REACh at the National Community Reinvestment Coalition Just Economy Conference 2024, I highlighted that as part of Project REACh, several national banks have undertaken a pilot program that uses alternative, non-FICO data to qualify consumers for first-time credit cards.21 As of October 31, 2023, more than 110,000 accounts were established under this pilot program. The participating banks were monitoring key performance metrics to track customer credit progression after account opening, and initial reports were promising. After 12 months, these consumers had built an average FICO score of 680. The success of this pilot shows how fairness outcomes can be accelerated through collaboration and engagement.
Acting Comptroller Hsu, along with Director of Minority Outreach Andrew Moss, met with Project REACh founders. Pictured from left: John Hope Bryant of Operation HOPE, Acting Comptroller Hsu, Laurie Vignaud, formerly of LiftFund, Tim Welsh, formerly of U.S. Bank, and Director of Minority Outreach Andrew Moss.
Another key focus for Project REACh participants has been revitalizing minority depository institutions (MDI). I noted that 26 banks had signed a pledge to support MDIs with over $500 million in financial support and technical assistance to help these institutions grow and expand in safe, sound, and sustained ways.
Senior Deputy Comptroller for Bank Supervision Policy Grovetta Gardineer (right) moderated a panel on creating solutions to accelerate financial inclusion with (from left) Jesse Van Tol of the National Community Reinvestment Coalition, Anthony Hudson of BMO Harris, Kala Gibson of Fifth Third Bank, and Donna Gambrell of Appalachian Community Capital.
Project REACh participants are also committed to helping expand access to housing for low- and moderate-income communities, with several actions taken this year. REACh participants hosted a national webinar for bankers to demystify the process and support opportunities for home finance in tribal lands. The group sponsored deal-making sessions among tribal leaders and banking officials that focused on affordable housing. REACh participants also helped facilitate several banks’ launches of special purpose credit programs focused on providing mortgage financing for minority communities, as permitted under the Equal Credit Opportunity Act. Another group of REACh participants worked on expanding the supply of affordable housing through accessory dwelling units (ADU) in California, where zoning laws for ADUs had recently changed. They developed a white paper and piloted a loan pool to facilitate ADU financing.
Ensuring fairness in residential real estate lending is part of my priority to reduce inequality in banking. In my statement accompanying release of the Property Appraisal and Valuation Equity (PAVE) Task Force report in 2022, I noted the OCC’s commitment to taking the actions recommended in the report to ensure greater federal oversight and effective monitoring for discrimination in residential property appraisals and technology-based valuations.21 In July, as recommended by the PAVE Task Force, the OCC and four other federal regulators issued final guidance on the reconsiderations of value (ROV) of residential real estate to highlight the risks of deficient residential real estate valuations; outline applicable statutes, regulations, and existing guidance that govern ROVs; explain how ROVs can be incorporated into existing risk management functions; and provide examples of policies and procedures banks may choose to adopt.23
Additionally in July, the OCC along with five other federal regulatory agencies issued a final rule designed to implement quality control standards for automated valuation models (AVM).24 While AVM technology and data availability have the potential to reduce costs and turnaround times in the property valuation process, it is important that institutions using AVMs take appropriate steps to ensure the credibility and integrity of the valuations produced.
As I noted at a Federal Financial Institutions Examination Council (FFIEC) Appraisal Subcommittee hearing in February, we have taken actions to improve consumer access to homeownership, a major determinant of wealth in America.25 In addition to the final AVM rule, we are supporting research that may lead to new ways to address the undervaluation of housing in communities of color. As a member of the FFIEC, we released a bulletin to communicate principles for the examination of supervised institutions’ residential property appraisal and evaluation practices.26
I spoke on the importance of elevating opportunity for Americans, including new Americans, at the Financial Literacy and Education Commission’s public meeting in April.27 The OCC encourages banks to pursue opportunities to serve new Americans so that they fully benefit from our financial system and banks gain from growing sectors of the economy. Serving new Americans is integral in supporting a financial system that is inclusive and fair, as well as safe and sound.
Supporting a fair and inclusive financial system is critical to maintaining trust in the banking system. In the rapidly evolving area of buy now, pay later (BNPL) lending, we expect that banks offering BNPL loans do so in a manner that is safe and sound, provides fair access to financial services, supports fair treatment of consumers, and complies with applicable laws and regulations.28 In December 2023, the OCC issued guidance setting forth the agency’s expectation that banks should address the risks associated with BNPL lending and maintain safeguards that minimize adverse customer outcomes.29
In 2023, the OCC issued guidance to assist banks in managing the various risks associated with overdraft protection programs, including identifying certain practices that may present a heightened risk of violating prohibitions against unfair or deceptive acts or practices. In the year since, overdraft fees charged by OCC-regulated banks in aggregate have fallen over 40 percent, from $6.5 billion in 2021 to $4 billion, and supervisory data continue to show declines in overdraft fees quarter over quarter.
Source: Call report data
When discussing the importance of fairness in banking at the Just Economy Conference in April, Acting Comptroller Hsu highlighted banks’ progress in overdraft protection program reforms since the OCC issued guidance in April 2023 to assist banks in managing the various risks associated with overdrafts.
In support of goals in the OCC’s 2023–2027 Strategic Plan,30 in June the OCC released the report “How Banks Can Measure and Support Customer Financial Health Outcomes.”31 The report explains how the OCC considers financial health and sets forth the Financial Health Vital Signs metrics identified by the OCC that could be used to assess customers’ financial health. The report is intended to contribute to broader efforts to measure financial health as a means of supporting improved financial health outcomes. The Financial Health Vital Signs are designed to support banks’ efforts to understand their customers’ financial challenges, improve product and service offerings, and empower customers to improve their financial health.
In his keynote address at the Financial Health Network’s Emerge Financial Health Conference in June, Acting Comptroller Hsu discussed the Vital Signs banks can use to help determine their consumers’ financial health.
During the Emerge Financial Health Conference in Chicago, I explained that the goal is to identify clear, simple, and consistent indicators of financial health32 and that the three Vital Signs metrics set out in the report are a starting point. The OCC’s work suggests that for an individual or household, there are three interconnected components or attributes of financial health—stability, resilience, and security. With these components in mind, the OCC identified three Vital Signs metrics, which are positive cash flow, liquidity buffers, and on-time payments. These measures could help banks start to understand their customers’ financial challenges, improve product and service offerings, and empower customers to improve their financial health.
The OCC identified three key elements of financial health—stability, resilience, and security—and suggested the Financial Health Vital Signs as a starting point for banks to assess and support customers in improving their financial health.
As I noted in September before a United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development event in New York City, by developing people-centered metrics that measure their financial health and well-being, we can accelerate the progress made to date on financial inclusion and sharpen it to improve long-term financial outcomes for individuals and their communities.33
In October 2023, the federal banking agencies jointly issued a final rule to strengthen, modernize, and make consistent interagency regulations implementing the Community Reinvestment Act (CRA).34 The final rule and supplemental final rule are currently subject to litigation. The OCC continues to assess bank CRA performance under the 1995/2021 regulatory framework.
In addition, we continue to work to enhance our mutually reinforcing efforts to ensure compliance with fair lending laws. Most recently, we have developed screening methods that can identify potentially discriminatory CRA assessment areas by using census and geographic data to detect when communities of color are located near—but excluded from—the boundaries of an assessment area.
As required by the Financial Data Transparency Act of 2022, we are working to establish consistent data standards to promote the interoperability of financial regulatory data across the OCC, Federal Reserve Board, FDIC, NCUA, Consumer Financial Protection Bureau (CFPB), FHFA, Commodity Futures Trading Commission, U.S. Securities and Exchange Commission (SEC), and U.S. Department of the Treasury. In August, we proposed a joint rule that would establish joint data standards for certain collections of information reported by regulated financial entities and data collected on behalf of the Financial Stability Oversight Council (FSOC).35
The OCC was the first U.S. regulatory agency to prioritize innovation and develop third-party risk management guidance, positioning the agency as a leader on financial technology issues and bank-nonbank relationships. To support our strategic plan goals of agility, learning, and leading on supervision, the OCC promotes a culture of continuous learning. One such area of focus for the OCC is the risks and opportunities presented by digitalization of the banking system. The OCC also led the effort to develop a common cloud lexicon for terms used by cloud service providers and financial sector consumers.36
How banks approach and use artificial intelligence (AI) will have implications for maintaining consumer trust. In 2024, we hosted an agencywide forum on AI to deepen our understanding of AI, promote collaborations, and provide valuable insights to navigate this rapidly developing technology. At the FSOC’s AI Conference in June, I discussed how the real power of AI stems from its ability to learn.37 With this learning, however, come novel challenges for accountability and governance. The controls appropriate to mitigate risk vary depending on how AI is being used. I believe having clear risk management control “gates” and a shared responsibility model for AI safety can help.
At the 2024 Conference on Artificial Intelligence and Financial Stability, Acting Comptroller Hsu said that for banks interested in adopting AI, establishing clear and effective gates between each phase of adoption could help ensure that innovations are helpful and not dangerous.
At the Just Economy Conference in April, I discussed how AI has the potential to reduce bias and enable fair access to credit and banking services in ways that humans have found challenging to do without AI. However, AI also has the potential to perpetuate and exacerbate the biases, discrimination, and unfairness that are deeply embedded in the data that feed AI systems. To guard against this, banks should have appropriate oversight and governance of the models they use. This includes monitoring for fair lending impacts as credit models are developed, validated, monitored, and tested.
Speaking at the Just Economy Conference in April, Acting Comptroller Hsu discussed how AI has the potential to both reduce and perpetuate biases in credit and banking services.
During the Financial Literacy and Education Commission’s public meeting in July, I noted that while AI may enable more frequent and sophisticated frauds, fraudsters also engage in traditional scams, including scams that rely on victims paying through checks and wire transfers.38 Technology can help flag suspicious activity, support strong authentication, and hold fraudulent or potentially fraudulent credit card transactions until further authentication has occurred, but strong controls and fraud monitoring capabilities remain important. For example, in May, the OCC issued an alert on fictitious regulatory notifications that appeared to be initiated by senior OCC officials regarding funds purportedly held by the agency.39
Advancements in technology, combined with the continued growth of online and mobile commerce, have been driving the digitalization of banking, with most of the innovation being led by nonbank financial technology (fintech) firms, as I noted in my remarks before the Exchequer Club in July.40
Also in July, the federal banking agencies issued a statement reminding banks of potential risks associated with third-party arrangements to deliver bank deposit products and services.41 The agencies also requested additional information on a broad range of bank-fintech arrangements, including with respect to deposit, payment, and lending products and services, and requested input on the nature and implications of bank-fintech arrangements and effective risk management practices.42
To provide guidance for community banks developing and implementing third-party risk management practices for fintech partnerships, the federal banking agencies released a guide in May that includes potential considerations, resources, and examples through each stage of the third-party risk management life cycle.43
As the digitalization of more and more parts of the economy continues, open banking and real-time payments are likely to further accelerate digitalization trends in banking. In remarks at Vanderbilt University in Nashville, I discussed how blurring the line between banking and commerce can lead to financial instability.44 From a bank regulatory perspective, our focus must be on ensuring that bank safety and soundness are maintained, consumers are protected, and the playing field is level.
Speaking at the October 2023 Money 20/20 conference in Las Vegas, Acting Comptroller Hsu gave insight into how regulators are assessing fintech. Source: Money 20/20 USA.
In February, the OCC hosted a symposium on the tokenization of real-world assets and liabilities. In my opening remarks, I noted that tokenization holds the promise of reducing real-world problems by reducing settlement lags and the associated frictions, costs, and risks. The symposium discussions focused on legal and risk management foundations tokenizing real-world assets and liabilities. Strong foundations can enable purposeful innovation that promotes safety, soundness, and fairness, and complies with laws and regulations.
In December 2023, the federal banking agencies and the NCUA published a final rule amending the Uniform Rules of Practice and Procedure to recognize the use of electronic communications in all aspects of administrative hearings and to otherwise increase the efficiency and fairness of administrative adjudications. The OCC also updated its agency-specific rules and integrated federal savings associations into those rules. Finally, the OCC amended its rules on organization and functions to address service of process.45
In alignment with my priority to address climate-related financial risks, in October 2023, the federal banking agencies announced principles to support the management of climate-related financial risks by banks with more than $100 billion in total consolidated assets.46
As I noted in my statement in support of these principles at the FDIC Board meeting in October 2023, weaknesses in how banks identify, measure, monitor, and control the potential physical and transition risks associated with a changing climate could adversely affect bank safety and soundness.47 Banks are likely to be affected by both the physical risks and transition risks associated with climate change. The adoption of these principles promotes safety and soundness by highlighting the risk management capabilities that can help strengthen large banks as the world changes.
While we focus on safeguarding the trust of banks and the trust of consumers, regulatory agencies must also earn and keep the trust of their employees. As the Acting Comptroller of the Currency, I am committed to a workplace that is free from harassing conduct, discriminatory harassing conduct/harassment, and retaliation, and the agency will conduct prompt, thorough, and impartial inquiries into any reports of harassing conduct.48
Our work is important to consumers, to banks, and to the financial system, and by continuing to promote the safety, soundness, and fairness of our federal banking system, we can safeguard trust in the OCC and the federal financial system.
Acting Comptroller Hsu testifies about agency priorities before the House Financial Services Committee on May 15, 2024. He discussed the OCC’s work to guard against complacency, adapt to digitalization, manage climate-related financial risk, and promote fairness in banking.
1 This report refers to all entities under OCC supervision collectively as “banks” unless it is necessary to distinguish among them.
2 Unless otherwise noted, all references to 2024 in this report refer to the FY ending September 30, 2024.
3 See OCC News Release 2024-52, “Acting Comptroller Testifies on Agency Activities.”
4 See OCC News Release 2024-23, “Acting Comptroller Discusses Operational Resiliency.”
5 See OCC News Release 2024-54, “Acting Comptroller Discusses Recovery Planning.”
6 See OCC News Release 2024-69, “OCC Requests Comments on Proposed Revisions to Its Recovery Planning Guidelines.” These guidelines were finalized October 21, 2024.
7 See OCC News Release 2024-79, “Acting Comptroller Discusses Trends Reshaping Banking.”
8 See OCC News Release 2024-6, “Acting Comptroller Discusses Bank Mergers.”
9 See OCC News Release 2024-102, “Acting Comptroller Issues Statements at FDIC Board Meeting on Bank Merger Policy and Recordkeeping.”
10 See OCC News Release 2024-101, “OCC Approves Final Rule and Policy Statement on Bank Mergers.”
11 See OCC News Release 2024-44, “Acting Senior Deputy Comptroller and Chief Counsel Testifies on Bank Mergers.”
12 See OCC News Release 2024-30, “Senior Deputy Comptroller Testifies on Engaging with International Forums.”
13 See OCC News Release 2024-95, “Acting Comptroller Discusses the Evolution of Bank Supervision.”
14 See OCC News Release 2024-47, “Agencies Issue Proposal on Incentive-Based Compensation.”
15 Section 956 requires that the OCC, FDIC, FHFA, and NCUA act jointly with the Securities and Exchange Commission (SEC) and the Federal Reserve Board to issue rules or guidelines. Rulemaking on this topic is on the SEC’s agenda. The Federal Reserve Board has not acted to join the proposal.
16 See OCC News Release 2024-4, “Acting Comptroller Discusses Bank Liquidity Risk.”
17 See OCC Bulletin 2023-39, “Bank Secrecy Act/Anti-Money Laundering: Interagency Statement for Banks on the Issuance of the Access Rule.”
18 See OCC News Release 2024-82, “Agencies Request Comment on Anti-Money Laundering/Countering the Financing of Terrorism Proposed Rule.” In June, the Financial Crimes Enforcement Network also proposed to amend its AML/CFT program requirements.
19 See OCC Bulletin 2024-13, “Retail Nondeposit Investment Products: Revised Comptroller’s Handbook Booklet and Rescissions.”
20 See OCC News Release 2024-34, “Acting Comptroller Discusses Fairness and Compliance Risk Management.”
21 See OCC News Release 2024-38, “Acting Comptroller Discusses Elevating Fairness in Banking.”
22 See OCC News Release 2022-28, “Acting Comptroller Issues Statement on Action Plan to Advance Property Appraisal and Valuation Equity.”
23 See OCC Bulletin 2024-18, “Real Estate Appraisals: Final Interagency Guidance on Reconsiderations of Value of Residential Real Estate.”
24 See OCC Bulletin 2024-17, “Final Rule: Quality Control Standards for Automated Valuation Models.”
25 See OCC News Release 2024-11, “Acting Comptroller Discusses Appraisal Bias.”
26 See OCC Bulletin 2024-6, “Real Estate Appraisals and Evaluations: FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending.”
27 See OCC News Release 2024-40, “Acting Comptroller Discusses Creating Economic Opportunity for New Americans.”
28 See OCC News Release 2023-134, “OCC Issues Guidance on ‘Buy Now, Pay Later’ Lending.”
29 See OCC Bulletin 2023-37, “Retail Lending: Risk Management of ‘Buy Now, Pay Later’ Lending.”
30 See OCC Strategic Plan, Fiscal Years 2023–2027.
31 See OCC Community Development Insights, “How Banks Can Measure and Support Customer Financial Health Outcomes.”
32 See OCC News Release 2024-60, “Acting Comptroller Discusses Improving Consumer Financial Health.”
33 See OCC News Release 2024-107, “Acting Comptroller Discusses Financial Inclusion.”
34 See OCC Bulletin 2023-32, “Community Reinvestment Act: Interagency Final Rulemaking to Implement the CRA.”
35 See OCC Bulletin 2024-24, “Financial Data Transparency Act of 2022: Notice of Proposed Rulemaking.”
36 See U.S. Department of the Treasury, “Treasury and the Financial Services Sector Coordinating Council Publish New Resources on Effective Practices for Secure Cloud Adoption,” July 17, 2024.
37 See OCC News Release 2024-61, “Acting Comptroller Discusses Artificial Intelligence and Financial Stability.”
38 See OCC News Release 2024-75, “Acting Comptroller Discusses Importance of Addressing Financial Fraud.”
39 See OCC Alert 2024-1, “Fictitious Regulatory Notifications: Fictitious Notification Regarding the Release of Funds Supposedly Under the Control of the Office of the Comptroller of the Currency.”
40 See OCC News Release 2024-79, “Acting Comptroller Discusses Trends Reshaping Banking.”
41 See OCC Bulletin 2024-20, “Third-Party Arrangements: Joint Statement on Banks’ Arrangements With Third Parties to Deliver Bank Deposit Products and Services.”
42 See OCC Bulletin 2024-21, “Bank-Fintech Arrangements: Request for Information on Arrangements Involving Banking Products and Services Distributed to Consumers and Businesses.”
43 See OCC Bulletin 2024-11, “Third-Party Relationships: A Guide for Community Banks.”
44 See OCC News Release 2024-17, “Acting Comptroller Discusses Banking and Commerce.”
45 See OCC Bulletin 2023-41, “Rules of Practice and Procedure: Final Rule.”
46 See OCC Bulletin 2023-33, “Risk Management: Principles for Climate-Related Financial Risk Management for Large Financial Institutions.”
47 See OCC News Release 2023-119, “Acting Comptroller Issues Statements at FDIC Board Meeting on CRA and Climate-Related Financial Risk Management.”
48 See The OCC Policy Statement on Prohibiting Harassment in the Workplace.
