Office of the Comptroller of the Currency (OCC)

The OCC regulates and supervises national banks and federal savings associations to ensure sound banking practices, financial stability, and compliance with federal laws.

• Supervisory Oversight: Conducts periodic examinations of banks to assess financial health, compliance, and risk management.
• Capital Adequacy: Ensures institutions maintain sufficient capital to withstand financial stress.
• Risk Management: Mandates frameworks to address credit, market, operational, and compliance risks.
• Consumer Protections: Enforces regulations to ensure fair treatment of consumers and compliance with laws like the Community Reinvestment Act (CRA).

Established in 1863 as part of the National Currency Act, the OCC continuously updates its regulations to address evolving market and operational risks.

• Financial Penalties: Significant fines for non-compliance with OCC regulations.
• Operational Disruptions: Violations may lead to enhanced scrutiny, restrictions, or operational suspensions.
• Reputational Damage: Non-compliance can erode trust among stakeholders, including customers and investors.

• Market Stability: Enhances stability and confidence in the banking system.
• Regulatory Trust: Builds a positive relationship with regulators and stakeholders.
• Consumer Trust: Demonstrates commitment to fair and ethical banking practices.