OCC News and Updates
Ripple secures final OCC approval for national trust bank
Federal oversight of crypto-linked banking infrastructure expands as Ripple completes the chartering process for its national trust bank in the U.S. The approval allows the entity to manage ...
OCC urges community banks to seek stablecoin issuer approval before federal deadline
Smaller U.S. lenders are being pushed to take a larger role in digital payments as new federal stablecoin rules approach. The U.S. Office of the Comptroller of the Currency says community banks ...
OCC issues October enforcement actions against U.S. banks and bank staff
U.S. bank regulators are publishing a new round of enforcement measures tied to anti-money laundering controls and employee misconduct. The October 2026 actions include $1.1 billion in civil money ...
OCC outlines stablecoin waiver process under GENIUS Act
U.S. stablecoin issuers face a key compliance deadline as the GENIUS Act takes effect on January 18, 2027, requiring prior approval for payment stablecoin issuance. The Office of the Comptroller ...
OCC revises GENIUS Act stablecoin reporting forms ahead of 2027 rollout
As the U.S. stablecoin regulatory framework moves into implementation, the Office of the Comptroller of the Currency is finalizing a new information collection for issuers under the GENIUS Act. ...
OCC finalizes stablecoin rule under GENIUS Act for U.S. issuers
The U.S. banking regulator moves first among federal agencies to complete its rulemaking under the GENIUS Act, setting a compliance framework for payment stablecoin issuers. The final rule takes ...
CFPB opens debanking probe into large U.S. banks after OCC report
The Consumer Financial Protection Bureau is expanding its campaign against alleged debanking by the nation’s largest banks, framing the move as part of a broader push to enforce fair access to ...
OCC faults large U.S. banks over debanking practices
A federal review of access to banking services is sharpening scrutiny of how major lenders decide which customers they serve. The Office of the Comptroller of the Currency says several large U.S. ...
OCC imposes record $750 million BSA/AML penalty on Bank of America
U.S. banking regulators are escalating enforcement against anti-money laundering control failures at the largest institutions, with Bank of America now facing the biggest civil money penalty in ...
Morgan Stanley delays tokenized equities support to Q1 2027
Morgan Stanley is pushing back its expected timeline for supporting tokenized equities on its alternative trading system to the first quarter of 2027. The shift reflects the bank's view that ...
Citigroup seeks faster end to U.S. consent orders as growth plans stay constrained
Citigroup is pushing to resolve long-running regulatory demands more quickly so it can redirect attention and resources toward growth. The effort centers on work tied to consent orders that have ...
Senate Democrats press OCC, FDIC to withdraw CRA rule proposal
A group of Senate Democrats is pressing federal banking regulators to reverse a proposed rewrite of Community Reinvestment Act enforcement that they say would curb lending and investment in ...
OCC imposes $350 million penalty on American Express bank over AML compliance failures
U.S. banking regulators are escalating enforcement of anti-money laundering controls with a cease-and-desist order against American Express National Bank. The action centers on long-running ...
OCC permits bank office closures in Alabama and Mississippi as Hurricane Isaias disrupts operations
Emergency banking measures are being put in place as Hurricane Isaias threatens parts of the U.S. Southeast. The Office of the Comptroller of the Currency says national banks, federal savings ...
Federal Reserve orders American Express to strengthen anti-money laundering controls
U.S. banking regulators are tightening oversight of anti-money laundering compliance at large financial firms as scrutiny of suspicious activity detection remains high. The Federal Reserve Board ...
OCC launches fraud reporting tool as Minnesota financial fraud concerns rise
Minnesota's recent rise in financial fraud is prompting new action from federal bank regulators as they work with community lenders on detection and reporting. The Office of the Comptroller of the ...
World Liberty Financial plans USD1 payments rollout for major online businesses
World Liberty Financial is expanding the commercial use of its USD1 stablecoin by targeting large online merchants through a planned integration this quarter. The push broadens the Trump-backed ...
Rain seeks OCC trust-bank charter for stablecoin custody and reserve operations
Crypto firms are pushing to bring more core infrastructure under federal oversight as stablecoin activity expands in the U.S. Rain has applied to form a national trust bank in New York that would ...
OCC backs updated U.S. financial literacy strategy
Federal financial education policy is being refreshed with a new national framework that sets out priorities for improving money skills across the United States. The update highlights youth ...
Modern Treasury seeks U.S. trust bank charter for digital asset custody
Stablecoin infrastructure is drawing deeper interest from regulated financial players as payments companies seek national trust bank charters in the U.S. Modern Treasury says approval would let it ...
Crypto industry group backs OCC charter approvals amid banks' legal challenge
A dispute over how crypto firms enter the U.S. banking system is intensifying as industry advocates defend federal charter approvals for digital asset companies. The clash adds to scrutiny of the ...
