Is the OCC stretching trust charters too far?

The Office of the Comptroller’s interpretation of federal trust powers has opened the door for dozens of charter applications by nonbank crypto firms in recent months. Some experts say the agency’s interpretation may push the ambiguous statute beyond its limits.

GAO chides OCC for not keeping Basel records ‘confidential’

A Government Accountability Office report warns the Office of the Comptroller of the Currency to clarify which records from the Basel Committee on Banking Supervision should be treated as federal records and thus retained according to the Federal Records Act.

Introducing AI Answer Engine

New in American Banker, readers can search news and analysis to find what they need, powered by a hybrid AI search engine.