Treasury Secretary Janet Yellen is expected to name Michael Hsu — currently, the associate director of the Federal Reserve’s bank supervision and regulation division — the acting comptroller of the currency, the Wall Street Journal (WSJ) reported Monday (May 3), citing sources. Hsu’s appointment to...
In today’s top news, China has opted not to set any economy growth forecast amid the uncertainty caused by the pandemic, and Dubai is creating a free trade zone for eCommerce. Plus, the Office of the Comptroller’s Joseph Otting is stepping down. China Drops GDP...
The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported. In 2013, the OCC...
December 09, 2022
Crypto assets are an emerging risk facing banks, a regulatory agency says. The Office of the Comptroller of the Currency (OCC) highlighted crypto-assets as a “special topic” in its “Semiannual Risk Perspective for Fall 2022,” which was released Thursday (Dec. 8). “This year’s dislocations in crypto markets and the associated failures of crypto firms have highlighted several […]
May 03, 2021
Treasury Secretary Janet Yellen is expected to name Michael Hsu — currently, the associate director of the Federal Reserve’s bank supervision and regulation division — the acting comptroller of the...
May 24, 2018
The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The guidance did not change any...
