Comptroller of the Currency

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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.

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.

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.

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In separate, coordinated actions, the Office of the Comptroller of the Currency announced the execution of a formal agreement with Bank of America, N.

Enforcement actions

The Bank's intentions as stated in this news release are also subject to other risks discussed from time to time in the Bank's reports and filings with the Office of the Comptroller of the Currency, and may be further affected by general industry and market conditions and growth rates, and general domestic and international economic conditions.

Commerce National Bank Announces Its Intention to Open a Newport Beach Office and to Relocate Its Headquarters Staff

The proposal is being issued under the auspices of the Federal Financial Institutions Examination Council (FFIEC) by its member agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.

Bank regulatory agencies

In 1988, the Office of the Comptroller of the Currency (OCC) and state bank supervisors closed over 200 banks.

Auditors and bank examiners: a new era of cooperation; cooperation can lead to more effective bank audits and examinations

Cook has recommended that all charges brought against Grant Thornton LLP by the Office of the Comptroller of the Currency pertaining to National Bank of Keystone, West Virginia, be dismissed.

Judge Recommends Dismissal of Suit against Grant Thornton LLP

In separate, coordinated actions, the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network announced the issuance of a consent order and the assessment of a civil money penalty against Riggs Bank, N.

Enforcement actions

The transaction is subject to regulatory approval from the Office of the Comptroller of the Currency and the Arkansas State Bank Department.

Simmons First to Expand to Southwest Little Rock

The members of the Interagency Task Force are the Department of Housing and Urban Development, the Department of Justice, the Federal Deposit Insurance Corporation, the Federal Housing Finance Board, the Federal Reserve Board, the Federal Trade Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Federal Housing Enterprise Oversight, and the Office of Thrift Supervision.

Federal agencies publish consumer brochure on predatory lending

CHICAGO -- Bank One has received the highest possible rating for its Community Reinvestment Act (CRA) performance from its primary regulator, the Office of the Comptroller of the Currency.

Bank One Receives 'Outstanding' Rating for Community Reinvestment

The guidance is being issued by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the National Credit Union Administration.

Guidance on appropriate use of discount window

The Office of the Comptroller of the Currency has been at the forefront of Federal Agencies in taking advantage of industry best practices, and deploying the most advanced technology to assure the success of their mission: ensuring the safety and soundness of the national banking system and providing fair and equal access to financial services for all Americans," said Roy Pinchot, CEO of TeleContinuity.

The Office of the Comptroller of the Currency Selects TeleContinuity's Emergency Backup Voice Network to Assure Continuity of Operations 'COOP/BCP'

The rules are being issued by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.

Final rules issued on disciplinary actions against accountants and accounting firms performing certain audit services