Comptroller of the Currency

Latest stories

1d
Zero Hedge
Hillary Clinton's Top VP Pick Lets Big Banks Know He's In Their Cornersenators—Mark Warner (Va.), Gary Peters (Mich.), and Bob Casey (Pa.)—the letter
Hillary Clinton's Top VP Pick Lets Big Banks Know He's In Their Corner
Zero Hedge / Posted yesterday
senators—Mark Warner (Va.), Gary Peters (Mich.), and Bob Casey (Pa.)—the letter to Federal Reserve Chair Janet Yellen, Comptroller of the Currency Thomas Curry, and Federal Deposit Insurance Corporation chair Martin Gruenberg "argues that it is... Read more
2d
New York Magazine
Clinton VP Favorite Just Gave the Left Two More Reasons to Distrust Himthat receive them. In a second letter to the Federal Reserve, Federal Deposit
Clinton VP Favorite Just Gave the Left Two More Reasons to Distrust Him
New York Magazine / Posted 2 days ago
that receive them. In a second letter to the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, Kaine and his co-signers argue that large regional banks like PNC, BB&T, and SunTrust should be... Read more
2d
Business Insider
The real-estate market is about to either take off or collapsecycle is headed toward completion rather than just beginning. But on the comme
The real-estate market is about to either take off or collapse
Business Insider / Posted 2 days ago
cycle is headed toward completion rather than just beginning. But on the commercial-real-estate side, the Office of the Comptroller of the Currency released a report that seemed to indicate that the sector was looking bubbly, which usually ends... Read more
2 related stories
3d
Business Wire
LRES Now Offers Commercial Evaluations Through Acquisition of InsideValuationevaluations are fully compliant with the Interagency Appraisal and Evaluation G
LRES Now Offers Commercial Evaluations Through Acquisition of InsideValuation
Business Wire / Posted 3 days ago
evaluations are fully compliant with the Interagency Appraisal and Evaluation Guidelines (IAG) and the Office of Comptroller of the Currency (OCC) requirements. LRES’ InsideValuation team reduces compliance risk through its thorough... Read more
5d
FierceTelecom
CenturyLink wins $29M disaster recovery services deal with U.S. banking overseer(NYSE: CTL) has won a contract with a $29 million ceiling to provide disaster r
CenturyLink wins $29M disaster recovery services deal with U.S. banking overseer
FierceTelecom / Posted 5 days ago
(NYSE: CTL) has won a contract with a $29 million ceiling to provide disaster recovery (DR) services to the Office of the Comptroller of the Currency (OCC), which oversees the U.S. banking system. Although the contract is only for one year, it... Read more
9d
Fortune
What Wall Street Is Saying About Uber's $1.15 Billion Term Loanto arrange the loan, which is likely to be scrutinized by regulators looking to
What Wall Street Is Saying About Uber's $1.15 Billion Term Loan
Fortune / Posted 9 days ago
to arrange the loan, which is likely to be scrutinized by regulators looking to limit leverage ratios. The Office of the Comptroller of the Currency, which helps regulate leveraged lending, has previously stated loans with more than 6.0 times... Read more
10d
Crain's Detroit Business
Huntington, FirstMerit to divest 13 branches to allay concerns over $3.4 billion acquisition dealis still subject to final approval of the Board of Governors of the Federal Res
Huntington, FirstMerit to divest 13 branches to allay concerns over $3.4 billion acquisition deal
Crain's Detroit Business / Posted 10 days ago
is still subject to final approval of the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. Justice Department officials have agreed not to challenge the merger so long as the Ohio... Read more
10d
Stamford Advocate
Government Concern Over Growing Auto Loans IncreasesAs the auto loan industry tops $1 trillion dollars, the Office of the Comptroll
Government Concern Over Growing Auto Loans Increases
Stamford Advocate / Posted 10 days ago
As the auto loan industry tops $1 trillion dollars, the Office of the Comptroller of the Currency (OCC) has voiced concern over the unprecedented growth, increased delinquencies, and decreasing value of used cars. Many banks and other lenders have... Read more
22 related stories
10d
Connecticut Post
Government Concern Over Growing Auto Loans IncreasesAs the auto loan industry tops $1 trillion dollars, the Office of the Comptroll
Government Concern Over Growing Auto Loans Increases
Connecticut Post / Posted 10 days ago
As the auto loan industry tops $1 trillion dollars, the Office of the Comptroller of the Currency (OCC) has voiced concern over the unprecedented growth, increased delinquencies, and decreasing value of used cars. Many banks and other lenders have... Read more
22 related stories
10d
Business Insider
A top US bank regulator is worried about a real estate bubble — even if he won't say itlonger interest-only periods, limited guarantor requirements, and deficient-str
A top US bank regulator is worried about a real estate bubble — even if he won't say it
Business Insider / Posted 10 days ago
longer interest-only periods, limited guarantor requirements, and deficient-stress testing practices." Office of the Comptroller of the Currency So on the bubble checklist you've got significant growth in loans, easing of underwriting... Read more
2 related stories
10d
TribLIVE
Roundup: Small SUVs do poorly in insurance industry headlight tests; moreone regulatory hurdle to cross before the merger can be completed. The deal sti
Roundup: Small SUVs do poorly in insurance industry headlight tests; more
TribLIVE / Posted 10 days ago
one regulatory hurdle to cross before the merger can be completed. The deal still requires approval by the Office of the Comptroller of the Currency and is expected to be finalized Aug. 1. The merger gives Cleveland-based Key Bank a... Read more
11d
WGRZ-TV Buffalo
Federal Reserve approves KeyCorp-First Niagara dealis expected to take place sometime during the fourth quarter of 2016, pending r
Federal Reserve approves KeyCorp-First Niagara deal
WGRZ-TV Buffalo / Posted 11 days ago
is expected to take place sometime during the fourth quarter of 2016, pending regulatory approval by the Office of the Comptroller of the Currency (OCC). KeyCorp's $4.1 billion deal to purchase First Niagara was first announced on October 30,... Read more
11d
FOX Business
Don't Buy Any Bank Stocks Until You Read Thisglaze over, understand that this could impact a bank's profits by millions and
Don't Buy Any Bank Stocks Until You Read This
FOX Business / Posted 11 days ago
glaze over, understand that this could impact a bank's profits by millions and cut its capital significantly. Thomas Curry, Comptroller of the Currency, estimates that this change could drive many financial institutions to raise their ALLL by 30% to... Read more
11d
FOX Business
Don't Buy Any Bank Stocks Until You Read Thisglaze over, understand that this could impact a bank's profits by millions and
Don't Buy Any Bank Stocks Until You Read This
FOX Business / Posted 11 days ago
glaze over, understand that this could impact a bank's profits by millions and cut its capital significantly. Thomas Curry, Comptroller of the Currency, estimates that this change could drive many financial institutions to raise their ALLL by 30% to... Read more
11d
The Buffalo News
Public can comment on Key Corp.’s branch-closings planNiagara Financial Group, you can share it with the federal regulator. The bank
Public can comment on Key Corp.’s branch-closings plan
The Buffalo News / Posted 11 days ago
Niagara Financial Group, you can share it with the federal regulator. The banks submitted their plan to the Office of the Comptroller of the Currency for approval. The OCC is accepting written comments on the application until Aug. 10. To... Read more
11d
The Buffalo News
Region dodges dire job-cut predictions for Key-First Niagara dealwill come from. The Federal Reserve still needs to give its blessing to the Ke
Region dodges dire job-cut predictions for Key-First Niagara deal
The Buffalo News / Posted 11 days ago
will come from. The Federal Reserve still needs to give its blessing to the Key-First Niagara deal. And the Office of the Comptroller of the Currency has to sign off on Key’s branch consolidation plan in order for the closings to go through. Key... Read more
11d
Naked Capitalism
Regulator Warns Commercial Real Estate Bubble Is Biggest US Bank RiskZIRP and a flat yield curve are leading to all sorts of imprudent behavior. The
Regulator Warns Commercial Real Estate Bubble Is Biggest US Bank Risk
Naked Capitalism / Posted 11 days ago
ZIRP and a flat yield curve are leading to all sorts of imprudent behavior. The latest, flagged by the Office of the Comptroller of the Currency, is profligate commercial real estate lending. The OCC warned that the rise in risky real estate lending... Read more
11d
Business Insider
A US regulator is already worrying about the next property bubbleA US regulator warned that banks risk inflating a commercial real estate (CRE)
A US regulator is already worrying about the next property bubble
Business Insider / Posted 11 days ago
A US regulator warned that banks risk inflating a commercial real estate (CRE) bubble. Thomas Curry, US comptroller of the currency, said banks were easing checks on borrowers and boosting loans to investors in the sector. This creates more debt of... Read more
11d
KQ2 St. Joseph
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
KQ2 St. Joseph / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
ClickOnDetroit
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
ClickOnDetroit / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
KPRC Local 2 Houston
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
KPRC Local 2 Houston / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
My EastText
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
My EastText / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
KECI Missoula
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
KECI Missoula / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
WFMZ Eastern Pennsylvania and Western New Jersey
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
WFMZ Eastern Pennsylvania and Western New Jersey / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
KRBC Abilene & KTAB Abilene
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
KRBC Abilene & KTAB Abilene / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
WJXT Jacksonville
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
WJXT Jacksonville / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
KTVZ Bend
U.S. government worried about risky car loanstop banking regulator warned that the $1 trillion car loan industry has gotten
U.S. government worried about risky car loans
KTVZ Bend / Posted 11 days ago
top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
KXLY-TV Spokane
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
KXLY-TV Spokane / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
WCYB 5 Tri-Cities
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
WCYB 5 Tri-Cities / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
KRDO Colorado Springs
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
KRDO Colorado Springs / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
News Channel 12 New Bern
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
News Channel 12 New Bern / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
Local 6 Orlando
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
Local 6 Orlando / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
ABC 7 El Paso
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
ABC 7 El Paso / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
Local 10 Miami
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
Local 10 Miami / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
11d
News 8000
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
News 8000 / Posted 11 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
12d
ABC 7 Gulfshore News
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
ABC 7 Gulfshore News / Posted 12 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
12d
The Buffalo News
Region dodges dire job-cut predictions for Key-First Niagara dealwill come from. The Federal Reserve still needs to give its blessing to the Ke
Region dodges dire job-cut predictions for Key-First Niagara deal
The Buffalo News / Posted 12 days ago
will come from. The Federal Reserve still needs to give its blessing to the Key-First Niagara deal. And the Office of the Comptroller of the Currency has to sign off on Key’s branch consolidation plan in order for the closings to go through. Key... Read more
2 related stories
12d
NBC 2 Fort Myers
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
NBC 2 Fort Myers / Posted 12 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
12d
WTKR Norfolk
U.S. government worried about risky car loansskids. A top banking regulator warned that the $1 trillion car loan industry h
U.S. government worried about risky car loans
WTKR Norfolk / Posted 12 days ago
skids. A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited “unprecedented” growth in auto loans, rising delinquencies and shrinking used car... Read more
22 related stories
12d
Reuters
U.S. bank regulator toughens commercial real estate oversightTom Curry, comptroller of the Office of the Comptroller of the Currency, testif
U.S. bank regulator toughens commercial real estate oversight
Reuters / Posted 12 days ago
Tom Curry, comptroller of the Office of the Comptroller of the Currency, testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on ''Mitigating Systemic Risk Through Wall Street Reforms'' on Capitol Hill in Washington July 11,... Read more
2 related stories
12d
The Hill
Will Congress fix Supreme Court's Madden mistake?usury law (which banks are generally exempt from). ADVERTISEMENT The Departme
Will Congress fix Supreme Court's Madden mistake?
The Hill / Posted 12 days ago
usury law (which banks are generally exempt from). ADVERTISEMENT The Department of Justice (DOJ) and Office of the Comptroller of the Currency (OCC) — the prudential regulator for nationally chartered banks — criticized the lower court’s... Read more
12d
Channel NewsAsia
US bank regulator toughens commercial real estate oversighta federal banking regulator said on Monday, adding that it was stepping up its
US bank regulator toughens commercial real estate oversight
Channel NewsAsia / Posted 12 days ago
a federal banking regulator said on Monday, adding that it was stepping up its scrutiny of the sector. The Office of the Comptroller of the Currency (OCC) said in its semiannual risk report that while the financial performance of lenders improved... Read more
2 related stories
12d
The Buffalo News
Plan calls for closing 16 First Niagara and seven Key branches in areaConnecticut and Massachusetts, and 36 Key branches in New York state. The banks
Plan calls for closing 16 First Niagara and seven Key branches in area
The Buffalo News / Posted 12 days ago
Connecticut and Massachusetts, and 36 Key branches in New York state. The banks submitted their plan to the Office of the Comptroller of the Currency. The planned closings are separate from the 18 First Niagara branches in Erie and Niagara... Read more
2 related stories
13d
Fortune
Why FinTech Could Be a Casualty of Brexitwere racing to think through what could be done to match the UK’s innovative ap
Why FinTech Could Be a Casualty of Brexit
Fortune / Posted 13 days ago
were racing to think through what could be done to match the UK’s innovative approach for FinTech. The White House and the Comptroller of the Currency recently held FinTech summits in Washington, which I attended where this exact question was... Read more
14d
Arkansas Democrat-Gazette
Hacking of banks target of agenciesfrequent and aggressive, an attack could cripple the entire financial system.
Hacking of banks target of agencies
Arkansas Democrat-Gazette / Posted 14 days ago
frequent and aggressive, an attack could cripple the entire financial system. The Fed is working with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp., said the people. Further details on the agencies' plans... Read more
14d
TribLIVE
Roundup: Regulators may set cybersecurity standards for banks; Galaxy S7 model fails test; morefrequent and aggressive, an attack could cripple the entire financial system.
Roundup: Regulators may set cybersecurity standards for banks; Galaxy S7 model fails test; more
TribLIVE / Posted 14 days ago
frequent and aggressive, an attack could cripple the entire financial system. The Fed is working with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp., the people said. Further details on the agencies' plans... Read more
14d
Boston Globe
Bank cyber attacks said to prompt Fed to prepare new safeguardsfrequent and aggressive, an attack could cripple the entire financial system.
Bank cyber attacks said to prompt Fed to prepare new safeguards
Boston Globe / Posted 14 days ago
frequent and aggressive, an attack could cripple the entire financial system. The Fed is working with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp., the people said. Further details on the agencies’ plans... Read more
25d
Reuters
Congressional watchdog expands probe of lax Wall Street oversightin an email on Tuesday that the probe would include the Federal Deposit Insuran
Congressional watchdog expands probe of lax Wall Street oversight
Reuters / Posted 25 days ago
in an email on Tuesday that the probe would include the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the National Credit Union Administration (NCUA). The GAO will also look back at work by... Read more
25d
Channel NewsAsia
Congressional watchdog expands probe of lax Wall Street oversightin an email on Tuesday that the probe would include the Federal Deposit Insuran
Congressional watchdog expands probe of lax Wall Street oversight
Channel NewsAsia / Posted 25 days ago
in an email on Tuesday that the probe would include the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the National Credit Union Administration (NCUA). The GAO will also look back at work by... Read more
29d
FOX Business
The Death of the Home Equity Line of Credit10 years after issuance, balances can only go down, as borrowers make required
The Death of the Home Equity Line of Credit
FOX Business / Posted 29 days ago
10 years after issuance, balances can only go down, as borrowers make required payments on their loans. The Office of the Comptroller of the Currency (OCC) estimated that about 60% of pre-crisis balances would begin their amortization period in... Read more
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