The agency’s restructuring will merge the supervision of large, midsize, and community banks
The head of the regulator said the guidance was overly burdensome for banks
On December 3, 2024, the Office of the Comptroller of the Currency published an updated UDAAP section
The increases are primarily targeted at large banks
Recent bank law developments are causing fragmentation of the banking system, OCC says
Michael Hsu says occurrence and impact of disruptions is on the rise
Bank incurs penalty due to systemic deficiencies in its risk management and internal controls
The regulator also published guidance on ‘Buy Now, Pay Later’ lending
The deadline has been extended until January 16, 2024
CFPB and OCC step in after investigation finds “double-dipping” and unauthorized accounts practices
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