Comptroller of the Currency

Comptroller of the Currency

Short for. the Office of the Comptroller of the Currency (OCC). This federal agency regulates, watches over, and charters national banks (not state banks) and also is in charge of foreign banks conducting business in the U.S. The OCC is headed by the Comptroller of the Currency who is appointed by the President.

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Comptroller of the Currency

The head of the Office of the Comptroller of the Currency, which is an agency of the U.S. Government that regulates and supervises all banks (but not thrifts) in the United States. The Comptroller of the Currency is charged with enforcing banking regulation, prosecuting crimes committed by bank officials in the performance (or non-performance) of their duties, and helping to ensure equal access to banks by all American citizens. He or she is appointed by the President and confirmed by the Senate.

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Comptroller of the Currency. The Office of the Comptroller of the Currency, housed in the US Department of the Treasury, charters, regulates, and oversees national banks.

The comptroller ensures bank integrity, fosters economic growth, promotes competition among banks, and guarantees that people have access to adequate financial services.

The comptroller does this by enforcing the Community Reinvestment Act and federal fair lending laws, which mandate that access. The comptroller is appointed by the US president and confirmed by the Senate.