OCC

Federal banking regulators granted conditional approval for a $35.3 billion merger agreement through which Capital One Financial Corp. will acquire and merge with Discover Financial Services. As a condition of regulatory approval, Discover must settle any outstanding enforcement actions against the company. Read on »

All eyes are on the Federal Reserve as concerns about the economic implications of recent policy changes regarding trade and other factors proliferate among consumers and business leaders. Read about these developments and more in this regulatory roundup. Read on »

The Office of the Comptroller of the Currency announced an organizational restructure which entails the consolidation of its supervisory functions for large, midsize and community banks, among other changes. The announcement set off alarm bells in the community banking sector. Read on »

Republican lawmakers in the House and Senate have introduced legislation to overturn a 2024 final rule updating the process the Office of the Comptroller of the Currency uses to review proposed bank mergers. Read on »

The Office of the Comptroller of the Currency disclosed a data breach potentially exposing sensitive information about financial institutions in a report to Congress. The federal banking regulator said the breach stemmed from unauthorized access via “compromised email messages.” Read on »

The Senate Banking Committee voted to advance the Trump administration’s picks to run the Office of the Comptroller of the Currency and the Securities Exchange Commission in a pair of 13-11 party-line votes. Read on »

The federal bank regulatory agencies announced their intent to rescind the 2023 Community Reinvestment Act (CRA) final rule and reinstate the CRA framework that existed prior to the October 2023 final rule. The agencies cited “pending litigation” as the basis for their decision. Read on »

The Office of the Comptroller of the Currency granted conditional approval for a fintech firm to acquire CenTrust Bank, N.A. This marks the first time a fintech has acquired a bank charter since 2021. Acting Comptroller Rodney Hood shared his views on the acquisition during CBA LIVE 2025 in Orlando. Read on »

The three federal banking agencies issued the 2024 Shared National Credit report, describing credit risk associated with large, syndicated bank loans, as well as credit quality trends connected to the current state of interest rates. Read on »

The Office of the Comptroller of the Currency (OCC) published guidance reaffirming permissible cryptocurrency activities for banks while rescinding a requirement for institutions to get supervisory clearance before engaging in such activities. The agency also withdrew the OCC from a joint statement on crypto-asset risks to banking organizations. Read on »