According to the OCC, in increase in the number of current and performing mortgages combined with declining foreclosure activity resulted in a healthy servicing market in Q1.
Read More »OCC Stands Behind Coexistence of Banks, Fintechs
Curry reiterated in a public speech that his efforts to oversee fintechs are not meant to prevent innovation in the financial industry, but rather to encourage dialogue between banks and fintechs, according to a recent report.
Read More »OCC Frees Wells Fargo from Servicing Restrictions
The OCC terminated the servicing-related consent order against Wells Fargo, but at the same time issued a civil penalty to the bank.
Read More »Are Stress Tests Still Important? To the OCC, They Are
Stress tests have come under some scrutiny lately as to whether or not they are providing any new, relevant information seven years after the Federal Reserve disclosed the results of the first stress tests. To the OCC, however, stress tests are still relevant.
Read More »OCC Considers New Innovation in the Banking System
The financial industry has been buzzing about the possibility of a national bank charter for non-bank financial technology companies even though such a charter has not been issued since the financial crisis.
Read More »3 Priorities for Banks This Year
Here are the key objectives and priorities that banks need to focus on for the remainder of the year, according to the OCC.
Read More »OCC to Banks: Don’t Let Technology Come Between Us
The Office of the Comptroller of the Currency has had a clear message as of late: Technology is not always helpful.
Read More »Got Capital? Banks Will Have to Prove It
Under a newly proposed rule, the largest U.S. banks will have to prove that they have enough cash set aside for business operations up to a year to lower liquidity risk among the institutions to reduce the chances of yet another crash.
Read More »OCC Head Emphasizes Innovation in Finance
In his speech at the American Banker Retail Banking Conference in Las Vegas today, Comptroller of the Currency Thomas Curry spoke to the importance of innovation in the financial services industry–especially amidst the constantly changing technological environment.
Read More »OCC Frees JPMorgan, EverBank from Mortgage Servicing Agreement
Are JPMorgan and EverBank finally off the OCC's hook? All news is not good news for these two institutions.
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