Category: Office of the Comptroller of the Currency

What Is ‘Debanking’? How the Right to a Bank Account Became Political.

There is a degree of political agreement over so-called debanking, but no easy answers to the hot topic in Washington.
Capital One and Discover Can Merge, Regulators Say

Two regulators signed off on the $35 billion deal, which the banks say will create a competitor to Visa and Mastercard. But consumer advocates warn that the deal may raise costs.
Small Banks Say Their Commercial Real Estate Loans Are Fine

Community banks are big commercial real-estate lenders. But they say their loans are to sturdy local businesses, not those facing vacant office space.
JPMorgan Fined $348 Million for Lapses in Trade Monitoring

Regulators, which rely on the bank for information that helps prevent insider trading and market manipulation, said customer data from around 30 platforms was missing.
Banks Sue Regulators Over Anti-Redlining Rule

A new lawsuit says federal agencies overstepped their authority in a rule forcing banks to do business in underserved communities.
What Is the Basel III Endgame, and Why Are Banks So Upset About It?

Federal regulators want to raise capital requirements for big banks. Their plan is drawing criticism from groups that aren’t normally aligned with the industry.
Bank of America Fined $150 Million Over ‘Junk Fees’

The bank double-charged overdraft fees, withheld card perks and opened unauthorized accounts, regulators said. It will repay customers more than $80 million.