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Articles tagged with: OCC

AFR in the News: Regulators Propose Rule to Reduce Risk of Derivatives (NY Times)
September 4, 2014 – 11:54 am

“’This is a really important rule,’” said Marcus Stanley, policy director at Americans for Financial Reform. ‘Margin is the first line of defense in the derivatives market.’ The regulators made the changes to bring American margin rules in line with new international ones approved in 2013, and in response to public comments.

“’While it has taken us some time to get to this point, today’s action does represent significant progress,’ Thomas J. Curry, the comptroller of the currency, said in a statement.”

AFR, Groups Statement on OCC Guidance to Banks on Selling of Charged-Off Debt
August 11, 2014 – 11:51 am

AFR join civil rights, consumer, and community groups in lauding the OCC for issuing a strong guidance regarding banks’ selling of charged-off consumer debts to debt buyers. The groups urged the agency to also take the next step and issue strong regulations to ensure that national banks do not continue to facilitate unfair, deceptive, and abusive debt collection practices.

AFR in the News: OCC to Rotate On-Site Examiners at Banks to Boost Oversight
May 29, 2014 – 8:21 am

“The Office of the Comptroller of the Currency, criticized for missing some high-profile problems such as JPMorgan Chase & Co.’s London Whale losses, will institute a five-year rotation schedule for in-bank examiners, the agency said today in response to a review of its practices by non-U.S. regulators. The regulator also said transfers to the risk-analysis group would reduce the number of on-site examiners.”

FDIC and OCC Crack Down on Abusive Lending Practices; Fed Should Follow
November 21, 2013 – 4:29 pm

“The OCC and FDIC got it right in standing up for borrowers who have been taken advantage of,” said Lisa Donner, AFR’s Executive Director. “Now it’s up to the Federal Reserve to follow the OCC’s and FDIC’s lead with the institutions it regulates.”

AFR Urges Stronger Leverage Ratio
October 21, 2013 – 11:06 am

AFR wrote to the banking regulators to urge them to strengthen the new supplementary leverage ratio proposed for large U.S. banks.

AFR Supports FDIC and OCC Proposed Guidance on Payday Loans in Comment Letter
May 31, 2013 – 11:10 am

AFR joined more than 45 organizations in submitting a comment letter to the OCC and the FDIC supporting their proposed guidance on bank payday lending. The letter praises their proposal, and adds some additional steps that we believe would be beneficial to curbing the use of payday loans.

FDIC and OCC Crack Down on Bank Payday Lending (Joint Statement)
April 25, 2013 – 3:39 pm

AFR joined more than 15 leaders of public interest groups in releasing a joint statement applauding the FDIC and the OCC for their proposed guidance issued this week directing banks to stop making predatory loans that trap borrowers in a cycle of debt with 300% interest.

Comment Letter: AFR Signs on to Comment Letter to the OCC Urging Withdrawal of Proposed Bank Payday/Overdraft Guidance
January 11, 2012 – 9:39 am

Read the letter that AFR signed onto, urging the OCC to withdraw proposed bank payday and overdraft guidance here.