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23 Apr 07:19

About our Office of the Comptroller of the Currency news

Latest news on the Office of the Comptroller of the Currency (OCC), an independent bureau within the US Department of the Treasury that is responsible for regulating and supervising national banks and federal savings associations. The OCC was established in 1863 and is one of the oldest banking regulators in the United States.

The OCC's primary mission is to ensure the safety and soundness of the banking system and to promote fair and equal access to financial services. The agency accomplishes this through a variety of regulatory and supervisory activities, including examining banks and savings associations, enforcing compliance with laws and regulations, and taking enforcement actions when necessary to address safety and soundness concerns.

The OCC has been involved in several high-profile cases in recent years, including the Wells Fargo fake account scandal and the controversy surrounding the agency's decision to grant special charters to fintech companies. The agency has also been criticised by some for being too lenient in its enforcement of banking regulations, particularly in cases involving large banks.

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