OCC issues enforcement action against Wells Fargo – Yahoo Finance
(Reuters) – The Office of the Comptroller of the Currency (OCC), the main U.S. banking regulator, said on Thursday it had filed enforcement actions against Wells Fargo & Co. citing poor risk management practices. The bank's shares fell 5% in afternoon trading after regulators said they had identified deficiencies in the bank's financial crime risk […]
OCC Comptroller Hsu: Political Polarization Poses Long-Term Risk to Banking – PYMNTS.com
Political polarization poses a long-term risk to banks, the acting Comptroller of the Currency said. Michael J. Hsu He said on Wednesday (July 17th). of Office of the Comptroller of the Currency Su said the OCC faces the risk of fragmentation as it monitors developments in banking law at the state and local levels. Written […]